In this paper, we examine the spillover effect of US monetary policy uncertainty (MPU) on China's real economic activities, and study the international transmission mechanisms of MPU shock from the view of financial integration, on both aggregate and firm level. Based on the macro level...

This paper studies the role of financial frictions in explaining the heterogeneous effect of exchange rate uncertainty on international trade. Empirically, exports in industries in which firms have less tangible capital or rely more heavily on external finance decrease more in times of high...