This paper studies how firm-level export performance is affected by Real Exchange Rate (RER) volatility and investigates whether this effect depends on existing financial constraints. The empirical analysis relies on export data for more than 100,000 Chinese exporters over the 2000-6 period. The results confirm a trade-deterring effect of RER volatility. Firms' decision to begin exporting and the exported value decrease for destinations with higher...
انظر المزيد
تفاصيل
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2013/10/01
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WPS6638
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1
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1
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2013/10/01
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Disclosed
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Exchange rate volatility, financial constraints, and trade : empirical evidence from Chinese firms
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exchange rate volatility