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 ra...
Ogawa, Eiji, Raube, Kolja, Vanoverbeke, Dimitri, Wouters, Jan, Vorst, Camille van der(担当:共著, 範囲:Chapter 8 Regional monetary and financial cooperation for crisis prevention and management: East Asia vs the EU (Pages:162–176))