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Financial Frictions and Trade Dynamics

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NBER2018-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w24503
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This paper demonstrates theoretically that a financial shock can have very persistent effects on international trade. Motivation is taken from the aftermath of the dramatic trade collapse in 2008-9, which despite a substantial recovery, has left a persistently slower growth rate in trade. We find
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2018-04-01
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