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Financial Frictions and International Trade: A Review

Author

Listed:
  • David Kohn

    (Pontificia Universidad Católica de Chile)

  • Fernando Leibovici

    (Federal Reserve Bank of St. Louis)

  • Michal Szkup

    (University of British Columbia)

Abstract

This paper reviews recent studies on the impact of financial frictions on international trade. We first present evidence on the relation between measures of access to external finance and export decisions. We then present an analytical framework to analyze the impact of financial frictions on firms’ export decisions. Finally, we review recent applications of this framework to investigate the impact of financial frictions on international trade dynamics across firms, industries, and in the aggregate. We discuss related empirical, theoretical, and quantitative studies throughout.

Suggested Citation

  • David Kohn & Fernando Leibovici & Michal Szkup, 2022. "Financial Frictions and International Trade: A Review," Working Papers 113, Red Nacional de Investigadores en Economía (RedNIE).
    • Handle: RePEc:aoz:wpaper:113
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    4. Dogan, Aydan & Hjortsø, Ida, 2024. "The Role of Finance for Export Dynamics: Evidence from the UK," CEPR Discussion Papers 19027, C.E.P.R. Discussion Papers.

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    More about this item

    Keywords

    financial frictions; international trade; export decisions; trade distortions; firm dynamics;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance

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