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.

引用

页码：46 / 49

页数：4

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