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dc.contributor.authorBerthou, Antoineen_US
dc.contributor.authorBerman, Nicolasen_US
dc.date.accessioned2009-01-28T16:07:52Z-
dc.date.available2009-01-28T16:07:52Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/19831-
dc.description.abstractThis 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.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesProceedings of the German Development Economics Conference, Berlin 2006 / Verein für Socialpolitik, Research Committee Development Economics 3en_US
dc.subject.jelF37en_US
dc.subject.jelF32en_US
dc.subject.jelF10en_US
dc.subject.ddc330en_US
dc.subject.keywordInternational Tradeen_US
dc.subject.keywordExchange Rate Movementsen_US
dc.subject.keywordFinancial Developmenten_US
dc.subject.keywordFinancial Market Imperfectionsen_US
dc.titleFinancial Market Imperfections and the impact of exchange rate movements on exportsen_US
dc.typeConference Paperen_US
dc.identifier.ppn517780798en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:gdec06:4726-
Appears in Collections:Proceedings of the German Development Economics Conference, 2006 (Berlin)

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