Download or read book Implications of Credit Market Imperfections on Firm Dynamics, Business Cycles and International Trade written by Stéphane Verani and published by . This book was released on 2011 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent empirical studies of firms have documented important differences in the behavior of large and small firms, as well as exporting and non-exporting firms. These empirical regularities are widely interpreted as indirect evidence of frictions in financial markets. There is furthermore a growing consensus that financing frictions significantly impact firm dynamics. This dissertation investigates the links between financial market imperfections, firm dynamics, real business cycles fluctuations and international trade.