This paper explores the impact of financial development on exporting, focusing on the differential impact between incumbent firms and new entrants. Using firm-level customs data from 51 countries we confirm the result from the literature that sectors that are more dependent on external finance...

This study empirically examines the effects of currency depreciation on the exporting firms' borrowing costs and exports. Using Korean data, first we find evidence that unanticipated currency depreciation increases the firm-level real interest rate for firms carrying foreign-currency debts, and...