Biblioteca
Financial Frictions and International Trade: A Review
Fernando Leibovici; Michal Szkup
Oxford Research Encyclopedia of Economics and Finance
Abstract: This article 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, across industries, and in the aggregate. We discuss related empirical, theoretical, and quantitative studies throughout.
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