00000nam 2200000zi 4500 9.880113 CaOODSP 20221107165708 m o d f cr cn||||||||| 191003t20192019onca ob f000 0 eng d CaOODSP eng rda CaOODSP eng eng fre FB3-5/2019-41E-PDF Devereux, Michael P., author. Trade flows and exchange rates : importers, exporters and products / by Michael B. Devereux, Wei Dong and Ben Tomlin. Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2019. ©2019 1 online resource (iii, 37 pages) : illustrations (chiefly colour). text txt rdacontent computer c rdamedia online resource cr rdacarrier Bank of Canada staff working paper, 1701-9397 ; 2019-41 "October 2019." Includes bibliographical references (pages 35-37). "Using highly disaggregated transaction-level trade data, we document the importance of new firm-level trade partner relationships and the addition of new products to existing relationships in driving long-run import flows. Moreover, we find that these margins are sensitive to movements in the exchange rate. We rationalize these findings in a model of international trade with endogenous matching between heterogenous importers and exporters. Simulations of the model highlight a new channel through which exchange rate movements can affect trade—through the short-run formation of new trade relationships and the range of products traded within relationships—which can impact long-run flows"--Abstract, page ii. Includes abstracts in English and French. gccst International trade gccst Exchange rates gccst Models Tomlin, Ben, author. Dong, Wei, author. Bank of Canada. Staff working paper (Bank of Canada) 2019-41. (CaOODSP)9.806221 PDF 1.31 MB https://publications.gc.ca/collections/collection_2019/banque-bank-canada/FB3-5-2019-41-eng.pdf