misalignments. On average, exchange rate volatility has a negative (even if not large) impact on trade flows. The extent of this …, two main issues are investigated: the impact on international trade of exchange rate volatility and of currency …This paper surveys a wide body of economic literature on the relationship between currencies and trade. Specifically …

poorer individuals and, in specific circumstances, on the whole population. In an open economy with free trade, lower income … inequality in one country creates price divergence between trading countries. Lower inequality not only further decreases trade …

We examine the interaction between goods trade and market power in domestic trade and distribution sectors. Theory … suggests a set of linkages between service-sector competition and goods trade supported by econometrics involving imports of 22 … OECD countries vis-à-vis 69 exporters. Competition in services affects the volume of goods trade while the market structure …

bilateral distance, tariffs, and the quality of their exports. Under the assumption that trade costs are both ad valorem and per …

favors the country that supplies the most liquid assets. In such a setting, trade liberalization magnifies the gap in …

Credit rationing in the presence of asset inequality affects production and trade pattern in this paper, but not in the …

Recent trade theory in the Krugman (1980) tradition predicts that countries with larger market size enjoy higher levels … spending on inputs is affected by trade costs. However, in cross-country data, there is no such positive correlation between … is implicitly assumed in the usual formulation of aggregate CES production functions. Whether trade liberalization …

We develop a heterogeneous-firms model with trade in goods, labor mobility and credit constraints due to moral hazard … trade liberalization. While the former leads to more dispersion of economic activity across space, the latter tends to drive …