Please use this identifier to cite or link to this item: http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19831
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dc.creatorBerthou, Antoine-
dc.creatorBerman, Nicolas-
dc.date2006-
dc.date.accessioned2013-10-16T07:07:00Z-
dc.date.available2013-10-16T07:07:00Z-
dc.date.issued2013-10-16-
dc.identifierhttp://hdl.handle.net/10419/19831-
dc.identifierppn:517780798-
dc.identifierRePEc:zbw:gdec06:4726-
dc.identifier.urihttp://koha.mediu.edu.my:8181/xmlui/handle/10419/19831-
dc.descriptionThis 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.-
dc.languageeng-
dc.publisher-
dc.relationProceedings of the German Development Economics Conference, Berlin 2006 / Verein für Socialpolitik, Research Committee Development Economics 3-
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.subjectF37-
dc.subjectF32-
dc.subjectF10-
dc.subjectddc:330-
dc.subjectInternational Trade-
dc.subjectExchange Rate Movements-
dc.subjectFinancial Development-
dc.subjectFinancial Market Imperfections-
dc.titleFinancial Market Imperfections and the impact of exchange rate movements on exports-
dc.typedoc-type:conferenceObject-
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