This paper 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 …

This paper shows robust effects of trade shocks on within-firm wage inequality through
changes in firm hierarchies. It uses two distinct research designs—one considering firm …

We provide new evidence that disruptions in firms' access to credit during the Global
Financial Crisis significantly affected product innovation in the consumer goods sector. We …

We examine the passthrough of firms' productivity shocks to hourly wages using rich
matched employer-employee data, allowing us to control for endogenous worker mobility …

I develop a theory of risk diversification through geography. In a general equilibrium trade
model with monopolistic competition and stochastic demand, risk-averse entrepreneurs …

In the period following the global COVID-19 pandemic, financial sustainability has become
critical for the survival of enterprises around the world. This paper investigates the …

This paper examines whether private equity (PE)-backed companies are better able to
remain active on export markets compared to similar non-PE firms, when hit by a negative …

We investigate how firms adjust to the introduction of sudden, unanticipated, and eventually
long-lasting economic sanctions. In 2014, Russia introduced sanctions on imports from …

This paper studies whether recessions damage firms' customer capital. Our main finding is
that financially constrained firms are less likely to resume selling to customers that stopped …

Following the outbreak of the covid-19 pandemic, countries worldwide adopted new or
scaled up existing job retention schemes. This paper examines the labor market effects of …