International transmission of financial shocks without financial integration

被引：1
|
作者：
Ohdoi, Ryoji [1 ]
机构：
[1] Tokyo Inst Technol, Dept Ind Engn & Econ, Meguro Ku, 2-12-1 Ookayama, Tokyo 1528552, Japan
来源：
ECONOMICS LETTERS | 2018年 / 170卷
关键词：
Financial frictions; Ricardian trade with a continuum of goods; Heterogeneous agents; Credit crunch;
D O I：
10.1016/j.econlet.2018.05.030
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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. (C) 2018 The Author. Published by Elsevier B.V.
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页码：46 / 49
页数：4
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