The Great Synchronization of International Trade Collapse

Nikolaos Antonakakis

Publication: Working/Discussion PaperWU Working Paper

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Abstract

In this study we provide novel results on the extent of international trade synchronization during periods of trade collapses
and US recessions. Based on monthly data for the G7 economies over the period 1961-2011, our results suggest rather idiosyncratic patterns
of international trade synchronization during trade collapses and US recessions. During the great recession of 2007-2009, however,
international trade experienced the most sudden, severe and globally synchronized collapse. (author's abstract)
Original languageEnglish
Place of PublicationVienna
PublisherWU Vienna University of Economics and Business
DOIs
Publication statusPublished - 1 Jun 2012

Publication series

SeriesDepartment of Economics Working Paper Series
Number142

WU Working Paper Series

  • Department of Economics Working Paper Series

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