Domestic institutions can have profound effects on international trade. This chapter reviews
the theoretical and empirical underpinnings of this insight. Particular attention is paid to …

An emerging new literature brings unique ideas from corporate finance to the study of
international trade and investment. Insights about differences in the development of financial …

A striking feature of many financial crises is the collapse of exports relative to output. This
article examines whether deteriorations in bank health can help explain the large drops in …

We study the collapse of international trade flows during the global financial crisis using
detailed data on monthly US imports. We show that credit conditions were an important …

Financial market imperfections severely restrict international trade flows because exporters
require external capital. This article identifies and quantifies the three mechanisms through …

We provide firm-level evidence that credit constraints restrict international trade and affect
the pattern of multinational activity. We show that foreign affiliates and joint ventures in …

This paper provides evidence that credit constraints are an important determinant of
international trade flows. I exploit shocks to the availability of external finance and examine …

This paper develops an approach for quantifying the importance of different sources of
comparative advantage, by extending the Eaton and Kortum (2002) model to predict industry …

The classical Heckscher-Ohlin-Mundell paradigm states that trade and capital mobility are
substitutes in the sense that trade integration reduces the incentives for capital to flow to …

This paper analyzes the effect of comparative advantage in international trade on a country's
level of financial development. Countries with comparative advantage in financially intensive …