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Financial Frictions and International Trade

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  • David Kohn
  • Fernando Leibovici
  • Michal Szkup

Abstract

This paper reviews recent studies on the impact of financial frictions on international trade.We first present evidence on the relation between measures of access to external finance and export decisions. We then present an analytical framework to analyze the impact of financial frictions on firms’ export decisions. Finally, we review recent applications of this framework to investigate the impact of financial frictions on international trade dynamics across firms,industries, and in the aggregate. We discuss related empirical, theoretical, and quantitative studies throughout.

Suggested Citation

  • David Kohn & Fernando Leibovici & Michal Szkup, 2021. "Financial Frictions and International Trade," Documentos de Trabajo 563, Instituto de Economia. Pontificia Universidad Católica de Chile..
    • Handle: RePEc:ioe:doctra:563
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    JEL classification:

    • F1 - International Economics - - Trade
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance

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