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.

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publications.gc.ca/pub?id=9.880113&sl=1

Renseignements sur la publication
Ministère/Organisme Bank of Canada.
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
  • FB3-5/2019-41E-PDF
Descripteurs International trade
Exchange rates
Models
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