International transmission of financial shocks without financial integration

Ryoji Ohdoi

Economics Letters, 2018, vol. 170, issue C, 46-49

Abstract: In a two-country model of Ricardian trade with a continuum of goods and financial frictions, it is shown that a credit crunch in a country can trigger a synchronized economic downturn even in the absence of international financial transactions.

Keywords: Financial frictions; Ricardian trade with a continuum of goods; Heterogeneous agents; Credit crunch (search for similar items in EconPapers)
JEL-codes: E22 E32 E44 F11 F44 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Working Paper: International Transmission of Financial Shocks without Financial Integration (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:170:y:2018:i:c:p:46-49

DOI: 10.1016/j.econlet.2018.05.030

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