The effect of exchange rate changes on the behavior of exporting firms
Analysis based on customs data, export behavior of firms under conditions of frequent changes in the exchange rate depending on the amount of the import share in the costs. Evaluation of productivity of firms with fixed effects and clustering errors.
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The question of exchange rates adjust is central to exchange rate policy, since countries with fixed exchange rates need to know what the equilibrium exchange rate is likely to be and countries with variable exchange rates would like to know what level h
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