The great synchronization of international trade collapse

Nikolaos Antonakakis

MPRA Paper from University Library of Munich, Germany

Abstract: In this paper we examine the extent of international trade synchronization during periods of international 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 international trade collapses and US recessions. During the great recession of 2007-2009, however, international trade experienced the most sudden, severe and globally synchronized collapse.

Keywords: International trade collapse; Synchronization; Recession; Dynamic conditional correlation (search for similar items in EconPapers)
JEL-codes: C32 F15 F41 F43 (search for similar items in EconPapers)
Date: 2012-07-05
New Economics Papers: this item is included in nep-his and nep-int
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Citations: View citations in EconPapers (9)

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Journal Article: The great synchronization of international trade collapse (2012)
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