trade are related to credit constraints show a significant difference between the two. In the case of exports, it is the … extensive margin of exports in terms of destinations that is significantly associated with credit constraints whereas for … imports it is the extensive margin in terms of products. …

imports during this period. We show that adverse credit conditions were an important channel through which the crisis affected … trade credit. Exports of financially dependent industries were thus more sensitive to the cost of external capital than … exports of less dependent industries, and this sensitivity rose during the financial crisis. The quantitative implications of …

imports. We show that credit conditions were an important channel through which the crisis affected trade volumes, by … limited access to trade credit, or have few collateralizable assets. Exports of financially vulnerable industries were thus … more sensitive to the cost of external capital than exports of less vulnerable industries, and this sensitivity rose during …

to establish a causal link between the supply of private credit insurance and exports. I overcome endogeneity issues by … - as an instrument for insured exports. Subsequently, applying the method of instrumental variables and a variety of trade … models, I consistently find a positive and statistically significant effect of private credit insurance on exports. The …

and equipment imports (i.e. capital imports). We infer credit constraints from survey questions on the availability and …