Information frictions make foreign trade risky. Therefore, many countries offer export credit guarantees that insure export transactions against buyers' default. We investigate the causal effects of guarantees on firm performance. To overcome selection bias, we employ a quasi-experimental design...

In this study we explore a newly available unique dataset that links China's international trade transactions to a comprehensive firm-level data in China's manufacturing sector, and establish a number of interesting stylized facts linking firms' key economic performance to their...