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This paper provides evidence that credit constraints are an important determinant of international trade flows. I exploit shocks to the availability of external nance and examine the i...
We study the collapse of international trade flows during the global nancial crisis using detailed data on monthly US imports. We show that credit conditions were an important channel t...
Financial market imperfections severely restrict international trade áows because exporters require external capital. This paper identiÖes and quantiÖes the three mechanisms through which ...

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