Financial constraints,firm entry,and exchange rate pass-through |
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| Authors: | Michiru Sakane Kosaka |
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| Institution: | Faculty of Liberal Arts, Sophia University, Building 10, 7-1, Kioi-cho, Chiyoda-Ku, Tokyo, 102-8554, Japan |
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| Abstract: | Using a heterogeneous firm model with firm entry and endogenous markups, I study how the financial constraints of exporting firms affect exchange rate pass-through behaviors. I find that the financial constraints increase the degree of exchange rate pass-through. |
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| Keywords: | E44 F31 F41 |
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