EconPapers    
Economics at your fingertips  
 

The trade costs of financial crises

Jean-Marc Bédhat Atsebi, Jean-Louis Combes () and Alexandru Minea ()
Additional contact information
Jean-Marc Bédhat Atsebi: CERDI - Centre d'Études et de Recherches sur le Développement International - Clermont Auvergne - UCA - Université Clermont Auvergne - CNRS - Centre National de la Recherche Scientifique

Working Papers from HAL

Abstract: The "Great Trade Collapse" triggered by the 2008-09 crisis calls for a careful assessment of the trade costs of financial crises. Compared with the existing literature that mainly focuses on the total trade of goods and, in the context of the recent great recession, on manufacturing trade, we adopt a more detailed perspective by looking at the response of different types of trade (i.e. agricultural, mining, and manufactured goods, and services) following various types of financial crises (i.e. debt, banking, currency, and inflation crises). Estimations performed on the 1980-2014 period using a combination of impact assessment and local projections to capture a causal dynamic effect running from financial crises to the trade activity unveil the complex panorama of the trade costs of financial crises. Through illustrating the contribution of three sources that drive these complex effects, namely the type of financial crisis, the considered type of goods or services, and countries' key structural characteristics, our analysis contributes to the general understanding of the trade effects of financial crises, and may provide insightful support for the design and implementation of policies aimed at coping with these effects.

Keywords: Trade costs; Financial crises; Impact assessment; Local projections. (search for similar items in EconPapers)
Date: 2019-01-23
New Economics Papers: this item is included in nep-int
Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-01990335
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://halshs.archives-ouvertes.fr/halshs-01990335/document (application/pdf)

Related works:
Working Paper: The trade costs of financial crisis (2019)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:halshs-01990335

Access Statistics for this paper

More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD ().

 
Page updated 2020-07-20
Handle: RePEc:hal:wpaper:halshs-01990335