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The Great Synchronization of International Trade Collapse

Antonakakis, Nikolaos (2012) The Great Synchronization of International Trade Collapse. Department of Economics Working Paper Series, 142. WU Vienna University of Economics and Business, Vienna.

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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)

Item Type: Paper
Keywords: International Trade Collapse / Synchronization / Recession / Dynamic Conditional Correlation / Welthandel / Zusammenbruch / Synchronisierung / Weltwirtschaft / Rezession / Geschichte 1961-2011
Classification Codes: RVK QM 000, QN 200 ; JEL E32, F15, F41, F43
Divisions: Departments > Volkswirtschaft
Depositing User: Claudia Tering
Date Deposited: 12 Jul 2012 13:29
Last Modified: 30 Aug 2012 11:39
URI: http://epub.wu.ac.at/id/eprint/3596

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