Understanding the World Trade Collapse
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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https://www.oecd.org/en/publications/understanding-the-world-trade-collapse_220821574732.html
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The collapse in world trade volumes at the end of 2008 and beginning of 2009 was exceptional by
historical standards. This paper shows that world demand (to which trade has become more responsive in
recent decades) can explain most of the collapse in world trade, but that tight credit conditions have likely
amplified the short-term trade response....
