Liquidity constrained exporters and trade
We present a model of a risk-averse exporting firm subject to liquidity constraints. We show that preferences and expectations become important for optimum export and hedging decisions. Only firms that have sufficient financial resources can fully materialize gains from trade.
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- Thomas Chaney, 2013.
"Liquidity Constrained Exporters,"
NBER Working Papers
19170, National Bureau of Economic Research, Inc.
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