01748cas a2200265 a 4500 AALejournalIMF017866 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484313749 1018-5941 BD-DhAAL BD-DhAAL Dao, Mai Chi. Corporate Investment and the Real Exchange Rate / Mai Chi Dao, Camelia Minoiu, Jonathan Ostry. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (47 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We examine the relationship between real exchange rate depreciations and indicators of firm performance using data for a sample of more than 30,000 firms from 66 (advanced and emerging market) countries over the 2000-2011 period. We show that depreciations boost profits, investment, and sales of firms that are more financially-constrained and have higher labor shares. These findings are consistent with the view that depreciations boost internal financing opportunities by reducing real wages, thereby spurring investment. We show that these effects on firm performance are enduring, including in the market valuation of firms. Mode of access: Internet Minoiu, Camelia. Ostry, Jonathan. IMF Working Papers; Working Paper ; No. 2017/183 Full text available on IMF http://elibrary.imf.org/view/journals/001/2017/183/001.2017.issue-183-en.xml IMF e-Library