Dissecting the Effect of Credit Supply on Trade: Evidence from Matched Credit-Export Data

We are grateful to Mitchell Canta, Paul Castillo, Roberto Chang, Raj Iyer, Sebnem Kalemni-Ozcan, Manuel Luy Molinie, Manju Puri, Marco Vega, and David Weinstein for helpful advice and discus- sions. We thank Diego Cisneros, Sergio Correia, Jorge Mogrovejo, Jorge Olcese, Javier Poggi, Adriana Valenzuela, and Lucciano Villacorta for outstanding help with the data. Juanita Gonzalez provided excellent research assistance. We thank participants at Arizona State University, CEMFI, Columbia University, Federal Reserve Bank of Peru, European Econometric Society, Federal Reserve Bank of Philadelphia, Fordham University, Harvard University, INSEAD, Instituto de Empresa, IPA Confer- ence on Entrepreneurship and SME, LSE, MIT Sloan, NBER ITI, NBER IFM, NBER CF, Ohio State University, Rothschild Caesarea Center, Royal Economic Society, Royal Holloway University London, SED 2011, Stanford University, Tel Aviv University, Universidad Catolica de Chile, UC Davis, Uni- versity of Michigan Ross School of Business, University of Minnesota Carlson School of Management, and World Bank seminars, workshops, and conferences for helpful comments. Paravisini, Rappoport, and Wolfenzon thank Jerome A. Chazen Institute of International Business for financial support. All errors are our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

• December 5, 2011
• April 30, 2012
• July 3, 2013
• October 7, 2013