Levchenko, Andrei A.; Tesar, Linda L.; Lewis, Logan T. - National Bureau of Economic Research (NBER) - 2010
One of the most striking aspects of the recent recession is the collapse in international trade. This paper uses … disaggregated data on U.S. imports and exports to shed light on the anatomy of this collapse. We find that the recent reduction in …. By contrast, we find no support for the hypothesis that trade credit played a role in the recent trade collapse. …