Arbeitspapier
Trade flows and exchange rates: Importers, exporters and products
Using highly disaggregated transaction-level trade data, we document the importance of new firmlevel 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.
- Sprache
-
Englisch
- Erschienen in
-
Series: Bank of Canada Staff Working Paper ; No. 2019-41
- Klassifikation
-
Wirtschaft
- Thema
-
International topics
Exchange rates
Firm dynamics
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Devereux, Michael B.
Dong, Wei
Tomlin, Ben
- Ereignis
-
Veröffentlichung
- (wer)
-
Bank of Canada
- (wo)
-
Ottawa
- (wann)
-
2019
- DOI
-
doi:10.34989/swp-2019-41
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Devereux, Michael B.
- Dong, Wei
- Tomlin, Ben
- Bank of Canada
Entstanden
- 2019
Ähnliche Objekte (12)
Information flows and aggregate persistence
International capital flows and bond risk premia
Consumer interest rates and retail mutual fund flows
Stagflation and topsy-turvy capital flows
Capital flows to developing countries: Is there an allocation puzzle?
Capital flows and macroprudential policies: A multilateral assessment of effectiveness and externalities
Job applications and labour market flows
Trade and market power in product and labor markets
Firm heterogeneity, technological adoption, and urbanization: Theory and measurement
Labour shares and the role of capital and labour market imperfections
Vertical bargaining and obfuscation
Money and costly credit
Information flows and aggregate persistence
International capital flows and bond risk premia
Consumer interest rates and retail mutual fund flows
Stagflation and topsy-turvy capital flows
Capital flows to developing countries: Is there an allocation puzzle?
Capital flows and macroprudential policies: A multilateral assessment of effectiveness and externalities
Job applications and labour market flows
Trade and market power in product and labor markets
Firm heterogeneity, technological adoption, and urbanization: Theory and measurement
Labour shares and the role of capital and labour market imperfections
Vertical bargaining and obfuscation
Money and costly credit
Information flows and aggregate persistence
International capital flows and bond risk premia
Consumer interest rates and retail mutual fund flows
Stagflation and topsy-turvy capital flows
Capital flows to developing countries: Is there an allocation puzzle?
Capital flows and macroprudential policies: A multilateral assessment of effectiveness and externalities
Job applications and labour market flows
Trade and market power in product and labor markets
Firm heterogeneity, technological adoption, and urbanization: Theory and measurement
Labour shares and the role of capital and labour market imperfections
Vertical bargaining and obfuscation