Domestic institutions can have profound effects on international trade. This chapter reviews
the theoretical and empirical underpinnings of this insight. Particular attention is paid to …

An emerging new literature brings unique ideas from corporate finance to the study of
international trade and investment. Insights about differences in the development of financial …

Financial market imperfections severely restrict international trade flows because exporters
require external capital. This article identifies and quantifies the three mechanisms through …

A striking feature of many financial crises is the collapse of exports relative to output. This
article examines whether deteriorations in bank health can help explain the large drops in …

This article explores how reductions in tariffs on imported inputs and final goods affect the
productivity of large Chinese trading firms, with the special tariff treatment that processing …

We study the collapse of international trade flows during the global financial crisis using
detailed data on monthly US imports. We show that credit conditions were an important …

This paper examines why credit constraints for domestic and exporting firms arise in a
setting where banks do not observe firms' productivities. To maintain incentive compatibility …

This paper documents that intermediaries play an important role in facilitating international
trade. We modify a heterogeneous firm model to allow for an intermediary sector. The model …

With the growing requirements for green development, a firm's product quality matters
greatly for targeting sustainable growth and industry improvements, thus it is vital to clarify …

This paper estimates the impact of credit rationing on firms' export. We use detailed survey
data from Italian manufacturing firms that provide a firm-specific measure of credit rationing …