Financial constraints, firm entry, and exchange rate pass-through

Michiru Sakane Kosaka

Economics Letters, 2014, vol. 125, issue 1, 143-147

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.

Keywords: Exchange rate pass-through; Firm entry; Heterogeneous firm; Endogenous markup; Financial constraints (search for similar items in EconPapers)
JEL-codes: E44 F31 F41 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:125:y:2014:i:1:p:143-147

DOI: 10.1016/j.econlet.2014.08.023

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