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Micro-level empirical research has begun to obtain important results on the effects of currency variations on firms' survival. To date, the literature has lacked detailed analysis of the effects of exchange rates on firms' survival behavior in emerging markets due to a scarcity of firm level...
Persistent link: https://www.econbiz.de/10010255367
This paper studies how firm-level export performance is affected by Real Exchange Rate (RER) volatility and investigates whether this effect depends on existing financial constraints. Our empirical analysis relies on export data for more than 100,000 Chinese exporters over the 2000-2006 period....
Persistent link: https://www.econbiz.de/10009765054
This paper studies how firm-level export performance is affected by Real Exchange Rate (RER) volatility and investigates whether this effect depends on existing financial constraints. Our empirical analysis relies on export data for more than 100,000 Chinese exporters over the period 2000-2006....
Persistent link: https://www.econbiz.de/10011374313
Since the early 2000s German exports and net exports have grown persistently, generating huge current account surpluses … exports, the present paper econometrically investigates the determinants of German intra- and extra-EMU exports for the period … 1995 to 2014. The longterm relationship between real exports, foreign activity and the real effective exchange rate is …
Persistent link: https://www.econbiz.de/10011781876
In this paper we investigate the different behaviors between new and continuing exporters in response to exchange rate shocks. We establish a dynamic model, in which new exporters strategically charge a lower price than continuing exporters in order to increase their current sales and accumulate...
Persistent link: https://www.econbiz.de/10012961811
effectiveness of the exchange rates on exports appears to be weak across countries. This anomaly is one of the central puzzles in … prices, consumer prices, and quantity of exports. In this paper, we examines the role of global production linkages on ex … exports. The empirical results show that the exchange rate elasticity of total export is about -0.64, which implies that 10 …
Persistent link: https://www.econbiz.de/10012906703
This paper shows that the pricing behavior of exporting firms exhibits a “forward-looking” nature under sticky prices. It offers a channel by which the expectations of future exchange rates affect current prices. To seek the micro-level evidence, we adopt detailed product-level import data...
Persistent link: https://www.econbiz.de/10013019592
This paper shows that the pricing behavior of exporters exhibits a "forward-looking" nature due to the existence of sticky prices. It offers a channel by which the expectations of future exchange rates can affect current export prices at both the firm and product level. By exploring bilateral...
Persistent link: https://www.econbiz.de/10013026996
This paper provides an estimation of the reaction of firm-level exports consecutive to real exchange rate movements …, the exchange rate elasticity of exports. Following recent theoretical works emphasizing the role played by firm … heterogeneous reaction of different firms may contribute to shape the aggregate reaction of countries' exports. The analysis relies …
Persistent link: https://www.econbiz.de/10012927638
This paper provides an estimation of the reaction of firm-level exports consecutive to real exchange rate movements … - the exchange rate elasticity of exports. Following recent theoretical works emphasizing the role played by firm … heterogeneous reaction of different firms may contribute to shape the aggregate reaction of countries' exports. The analysis relies …
Persistent link: https://www.econbiz.de/10011901956