We estimate the effect of exchange rate movements on firm-level wages using a representative panel of manufacturing firms. We show that the direction and size of wage adjustment is shaped by the international exposure of each firm on both the sale and cost side of the balance sheet, similar to...

Firm performance is known to benefit from participation in import markets. For this reason, understanding whether credit constraints hamper firms' ability to purchase foreign inputs is a relevant issue. In this paper, we investigate the relationship between financial constraints and imports of...

Growing evidence suggests that a large share of international trade transactions are made through intermediaries and that whether firms use them or not depends on different factors. In this paper, we investigate whether credit constraints introduce a degree of difference among firms in their...