Exchange rate volatility, financial constraints and trade: empirical evidence from Chinese firms

  • Sandra PONCET, Jérôme HERICOURT, Sandra Poncet, Sergey Nigay, Katrin Rabitsch, Glenn Ryap
  • Published 2012


This paper studies how firm-level export performance is affected by Real Exchange Rate (RER) volatility and investigates whether this effect depends on existing financial constraints. Our empirical analysis relies on export data for more than 100,000 Chinese exporters over the 2000-2006 period. We confirm a trade-deterring effect of RER volatility. We find… (More)


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