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This note explores novel heterogeneity in the degree of exchange rate pass-through into destination prices by using highly disaggregated Korean trade data. I find that foreign currency borrowing by exporters heightens the price sensitivity to dollar exchange rate movements
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Korean Abstract: 본 연구는 우리나라의 2000~2021년 중 세부 품목별 수출자료를 이용하여 우리 수출의 결제통화 결정 요인을 분석하고 결제통화가 수출가격의 환율 민감도에 미치는 영향을 추정하였다. 분석 결과 우리 수출의...
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