Trade relationships during and after a crisis (opens in new tab)

This paper provides causal evidence that temporary supply disruptions reshape firms' relationship portfolios in international trade. Using exogenous road disruptions during Colombia's 2010-11 La Ni\~na episode, I identify exposure at the buyer-seller relationship level, exploiting variation within importers' supplier portfolios. Exposed relationships are less likely to terminate when importers have alternative non-exposed suppliers. However,...