scholarly journals The Great Trade Collapse of 2008-09: An Inventory Adjustment?

2010 ◽  
Author(s):  
George Alessandria ◽  
Joseph Kaboski ◽  
Virgiliu Midrigan
2011 ◽  
Vol 101 (3) ◽  
pp. 298-302 ◽  
Author(s):  
JaeBin Ahn ◽  
Mary Amiti ◽  
David E Weinstein

Economic models that do not incorporate financial frictions only explain about 70 to 80 percent of the decline in world trade that occurred in the 2008–2009 crisis. We review evidence that shows financial factors also contributed to the great trade collapse and uncover two new stylized facts in support of it. First, we show that the prices of manufactured exports rose relative to domestic prices during the crisis. Second, we show that US seaborne exports and imports, which are likely to be more sensitive to trade finance problems, saw their prices rise relative to goods shipped by air or land.


2011 ◽  
Author(s):  
Carlo Altomonte ◽  
Filippo di Mauro ◽  
Gianmarco I.P. Ottaviano ◽  
Armando Rungi ◽  
Vincent Vicard

Author(s):  
George A. Alessandria ◽  
Joseph P. Kaboski ◽  
Virgiliu Midrigan

World Economy ◽  
2017 ◽  
Vol 41 (2) ◽  
pp. 457-493 ◽  
Author(s):  
Peter S. Eppinger ◽  
Nicole Meythaler ◽  
Marc-Manuel Sindlinger ◽  
Marcel Smolka

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