Financial reforms and international trade
This research has been undertaken to estimate the effects of one of the major impediments to trade particularly of developing and less developed countries meaning credit constraints. In this paper we address the issue of easing of financial constraints on trade flows. Financial repression is general...
| Main Authors: | , , |
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| Format: | Artículo preliminar |
| Language: | Inglés |
| Published: |
International Food Policy Research Institute
2012
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/153863 |
| _version_ | 1855513777745690624 |
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| author | Chen, Xing Munasib, Abdul Roy, Devesh |
| author_browse | Chen, Xing Munasib, Abdul Roy, Devesh |
| author_facet | Chen, Xing Munasib, Abdul Roy, Devesh |
| author_sort | Chen, Xing |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | This research has been undertaken to estimate the effects of one of the major impediments to trade particularly of developing and less developed countries meaning credit constraints. In this paper we address the issue of easing of financial constraints on trade flows. Financial repression is generally a common characteristic across many developing countries. We provide evidence that financial reforms (over the period 1976–2005) significantly affected exports, in particular of industries with high external capital dependence and low asset tangibility. The coverage of reforms is comprehensive, encompassing the banking sector, interest rates, and equity and international capital markets. Our methodology improves upon existing studies by controlling for time-varying unobserved exporter characteristics. |
| format | Artículo preliminar |
| id | CGSpace153863 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2012 |
| publishDateRange | 2012 |
| publishDateSort | 2012 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1538632025-11-06T05:04:53Z Financial reforms and international trade Chen, Xing Munasib, Abdul Roy, Devesh financial reforms assets events trade developing countries exports economic aspects time use patterns This research has been undertaken to estimate the effects of one of the major impediments to trade particularly of developing and less developed countries meaning credit constraints. In this paper we address the issue of easing of financial constraints on trade flows. Financial repression is generally a common characteristic across many developing countries. We provide evidence that financial reforms (over the period 1976–2005) significantly affected exports, in particular of industries with high external capital dependence and low asset tangibility. The coverage of reforms is comprehensive, encompassing the banking sector, interest rates, and equity and international capital markets. Our methodology improves upon existing studies by controlling for time-varying unobserved exporter characteristics. 2012 2024-10-01T13:58:03Z 2024-10-01T13:58:03Z Working Paper https://hdl.handle.net/10568/153863 en Open Access application/pdf International Food Policy Research Institute Chen, Xing; Munasib, Abdul; Roy, Devesh. 2012. Financial reforms and international trade. IFPRI Discussion Paper 1182. Washington, DC: International Food Policy Research Institute (IFPRI). https://hdl.handle.net/10568/153863 |
| spellingShingle | financial reforms assets events trade developing countries exports economic aspects time use patterns Chen, Xing Munasib, Abdul Roy, Devesh Financial reforms and international trade |
| title | Financial reforms and international trade |
| title_full | Financial reforms and international trade |
| title_fullStr | Financial reforms and international trade |
| title_full_unstemmed | Financial reforms and international trade |
| title_short | Financial reforms and international trade |
| title_sort | financial reforms and international trade |
| topic | financial reforms assets events trade developing countries exports economic aspects time use patterns |
| url | https://hdl.handle.net/10568/153863 |
| work_keys_str_mv | AT chenxing financialreformsandinternationaltrade AT munasibabdul financialreformsandinternationaltrade AT roydevesh financialreformsandinternationaltrade |