Trade flows and exchange rates : importers, exporters and products / by Michael B. Devereux, Wei Dong and Ben Tomlin. : FB3-5/2019-41E-PDF
"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.
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publications.gc.ca/pub?id=9.880113&sl=1
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| Titre | Trade flows and exchange rates : importers, exporters and products / by Michael B. Devereux, Wei Dong and Ben Tomlin. |
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| Type de publication | Monographie - Voir l'enregistrement principal |
| Langue | [Anglais] |
| Format | Texte numérique |
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| Description | 1 online resource (iii, 37 pages) : illustrations (chiefly colour). |
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