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008191003t20192019onca    ob   f000 0 eng d
040 |aCaOODSP|beng|erda|cCaOODSP
0410 |aeng|beng|bfre
0861 |aFB3-5/2019-41E-PDF
1001 |aDevereux, Michael P., |eauthor.
24510|aTrade flows and exchange rates : |bimporters, exporters and products / |cby Michael B. Devereux, Wei Dong and Ben Tomlin.
264 1|aOttawa, Ontario, Canada : |bBank of Canada = Banque du Canada, |c2019.
264 4|c©2019
300 |a1 online resource (iii, 37 pages) : |billustrations (chiefly colour).
336 |atext|btxt|2rdacontent
337 |acomputer|bc|2rdamedia
338 |aonline resource|bcr|2rdacarrier
4901 |aBank of Canada staff working paper, |x1701-9397 ; |v2019-41
500 |a"October 2019."
504 |aIncludes bibliographical references (pages 35-37).
5203 |a"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.
546 |aIncludes abstracts in English and French.
69207|2gccst|aInternational trade
69207|2gccst|aExchange rates
69207|2gccst|aModels
7001 |aTomlin, Ben, |eauthor.
7001 |aDong, Wei, |eauthor.
7102 |aBank of Canada.
830#0|aStaff working paper (Bank of Canada)|v2019-41.|w(CaOODSP)9.806221
85640|qPDF|s1.31 MB|uhttps://publications.gc.ca/collections/collection_2019/banque-bank-canada/FB3-5-2019-41-eng.pdf