| dc.creator |
Berthou, Antoine |
|
| dc.creator |
Berman, Nicolas |
|
| dc.date |
2006 |
|
| dc.date.accessioned |
2013-10-16T07:07:00Z |
|
| dc.date.available |
2013-10-16T07:07:00Z |
|
| dc.date.issued |
2013-10-16 |
|
| dc.identifier |
http://hdl.handle.net/10419/19831 |
|
| dc.identifier |
ppn:517780798 |
|
| dc.identifier |
RePEc:zbw:gdec06:4726 |
|
| dc.identifier.uri |
http://koha.mediu.edu.my:8181/xmlui/handle/10419/19831 |
|
| dc.description |
This paper studies the role of financial market imperfections in the way countries' exports react to a currency depreciation. Using quarterly data for 27 developed and developing countries over the period 1990-2005, we show that the impact of a depreciation will be less positive - or even negative - for a country as: (i) firms borrow in foreign currency ; (ii) they are credit constrained ; (iii) they are specialized in industries that require more external capital; (iv) the depreciation's or devaluation's magnitude is large. This last result confirms the existence of a non-linear relationship between an exchange rate depreciation and a country's exports reaction when financial imperfections are observed. This work offers a new explanation for the consequences of recent currency crises in middle income countries. |
|
| dc.language |
eng |
|
| dc.publisher |
|
|
| dc.relation |
Proceedings of the German Development Economics Conference, Berlin 2006 / Verein für Socialpolitik, Research Committee Development Economics 3 |
|
| dc.rights |
http://www.econstor.eu/dspace/Nutzungsbedingungen |
|
| dc.subject |
F37 |
|
| dc.subject |
F32 |
|
| dc.subject |
F10 |
|
| dc.subject |
ddc:330 |
|
| dc.subject |
International Trade |
|
| dc.subject |
Exchange Rate Movements |
|
| dc.subject |
Financial Development |
|
| dc.subject |
Financial Market Imperfections |
|
| dc.title |
Financial Market Imperfections and the impact of exchange rate movements on exports |
|
| dc.type |
doc-type:conferenceObject |
|