| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16311 |
| DP16311 Dollar and Exports | |
| Valentina Bruno; Hyun Song Shin | |
| 发表日期 | 2021-06-30 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | The strength of the US dollar has attributes of a barometer of dollar credit conditions, whereby a stronger dollar is associated with tighter dollar credit conditions. Using finely disaggregated data on export shipments, we examine how dollar strength impacts exports through the availability of dollar financing for working capital - an issue of importance due to the greater working capital needs for exports arising from longer supply chains and greater delay in receiving payments. We find that exporters who are reliant on dollar-funded bank credit suffer a decline in exports, and that this decline is larger than any decline in domestic sales. Our findings shed light on the broad dollar index as a global financial factor with real effects on the economy. |
| 主题 | International Macroeconomics and Finance |
| 关键词 | Us dollar Financial channel of exchange rates Global financial conditions |
| URL | https://cepr.org/publications/dp16311 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545276 |
| 推荐引用方式 GB/T 7714 | Valentina Bruno,Hyun Song Shin. DP16311 Dollar and Exports. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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