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Does trade credit respond to negative shocks to customer firms?
(2018-04-26)
We investigate how the provision of trade credit by suppliers reacts when their customer firms suffer an adverse shock. We exploit an exogenous adverse shock to firms in the Brazilian food industry caused by the public ...
Delays in stabilization or in reforms? The debt crisis
(Blackwell Publishing, 2008-09-01)
Empirical analyses attributing the 1980s' debt crisis to inconsistent stabilization policies rest on an inappropriate long-run approach. Revising this long-run approach yields opposite results: terms of trade shocks and ...
Delays in stabilization or in reforms? The debt crisis
(Blackwell Publishing, 2008-09-01)
Empirical analyses attributing the 1980s' debt crisis to inconsistent stabilization policies rest on an inappropriate long-run approach. Revising this long-run approach yields opposite results: terms of trade shocks and ...
Possible transmission of adverse shocks from the recent financial crisis to Central America through trade finance
(CEPAL, 2013-02)
In this paper we explore trade finance as a transmission channel of adverse shocks to Central America. We analyze data on trade and trade finance flows, and show that they largely follow the same pattern in the region. A ...
The Effects of the China shock on the brazilian agriculture
(2020-03-20)
This study examines the effects of a commodities’ trade shock on the agricultural sector. I estimate the impacts of the increased Chinese demand for commodities on land use, technology adoption and agricultural productivity ...
Trade shocks and factor adjustment frictions: implications for investment and labor
(Universidad Nacional de La Plata. Facultad de Ciencias Económicas. Departamento de Economía, 2013-12)
When export opportunities arise, the gains from trade can only be materialized if the economy adjusts. In order to expand and meet new markets, firms must hire new workers and tune their capital stock by investing in product ...
Capital flows to developing countries and terms of trade shocks
(Banco Central del Uruguay, 2013-11)
This paper studies the relationship between FDI inflows and terms-of-trade shocks. We examine the existing literature related to the "Lucas Paradox", and analyze theoretically how a terms-of-trade shock would impact on ...
The debt crisis: a re-appraisal
(Editora 34, 2005-09-01)
The 1980s' debt crisis is a landmark in developing economies' growth and stabilization. According to the most quoted empirical articles, external shocks and vicissitudes gave rise to crisis just because of delays in ...