This study uses a unique dataset to provide the first comprehensive test of the theory of export financing. We extend the existing literature by drawing attention to the theoretical and empirical relationship between the extent of competition in the export market and the choice of financing...

Poor domestic transportation infrastructure in developing countries is often cited as an important impediment for accessing international markets. Yet, evidence on how transportation infrastructure improvements affect the volume and composition of exports is scarce. Drawing on the large-scale...

We inspect how inflation target announcements are instrumental in building central bank credibility and shaping inflation expectations. Investigating the role of announcements by using a time varying credibility measure, we find that both the accuracy and the frequency of inflation announcements...