The Great Synchronization of International Trade Collapse

Nikolaos Antonakakis

Department of Economics Working Papers from Vienna University of Economics and Business, Department of Economics

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.

Keywords: International Trade Collapse; Synchronization; Recession; Dynamic Conditional Correlation (search for similar items in EconPapers)
JEL-codes: E32 F15 F41 F43 (search for similar items in EconPapers)
Date: 2012-06
New Economics Papers: this item is included in nep-mac
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Related works:
Journal Article: The great synchronization of international trade collapse (2012)
Working Paper: The great synchronization of international trade collapse (2012)
Working Paper: The Great Synchronization of International Trade Collapse (2012)
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