Access to finance and the exchange rate elasticity of exports
Journal of International Money and Finance(2021)
摘要
•Exports of more financially constrained firms are more sensitive to exchange rate changes.•The positive effects on exports of a depreciation are amplified if firm’s access to finance is limited.•The exchange rate pass-through to export prices expressed in domestic currency is lower for firms facing stronger financial restraints.
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关键词
Exports,Exchange rate,Financial constraints
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