Large-Scale Synchrony, Global Interdependence and Contagion

Eric Friedman (), Simon Johnson and Adam Landsberg
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Eric Friedman: Rutgers University
Adam Landsberg: Claremont Colleges

Departmental Working Papers from Rutgers University, Department of Economics

Abstract: We construct a simple firm-based model of global interdependence. We show how extremely strong statistical correlations can naturally develop between countries even if the interconnections between those countries remain very weak. Potential policy implications of this result are also discussed.

Keywords: large scale synchrony (search for similar items in EconPapers)
JEL-codes: F40 (search for similar items in EconPapers)
Date: 2001-06-07
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Persistent link: https://EconPapers.repec.org/RePEc:rut:rutres:200103

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