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.
Lien permanent pour cette publication :
publications.gc.ca/pub?id=9.880113&sl=1
Ministère/Organisme | Bank of Canada. |
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Titre | Trade flows and exchange rates : importers, exporters and products / by Michael B. Devereux, Wei Dong and Ben Tomlin. |
Titre de la série | Bank of Canada staff working paper, 1701-9397 ; 2019-41 |
Type de publication | Série - Voir l'enregistrement principal |
Langue | [Anglais] |
Format | Électronique |
Document électronique | |
Note(s) | "October 2019." Includes bibliographical references (pages 35-37). Includes abstracts in English and French. |
Information sur la publication | Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2019. ©2019 |
Auteur / Contributeur | Devereux, Michael P., author. Tomlin, Ben, author. Dong, Wei, author. |
Description | 1 online resource (iii, 37 pages) : illustrations (chiefly colour). |
Numéro de catalogue |
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Descripteurs | International trade Exchange rates Models |
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