Aizenman, Joshua; Lee, Jaewoo; Sushko, Vladyslav - Economics Department, University of California-Santa … - 2010
recession. According to our results, bothfinancial and trade factors played important roles, yet the relative magnitude of ….We conclude with an analysis of the factors that account for the trade and financial exposure ofemerging markets during the crisis …, finding that pre-crisis financial and trade openness are significantpredictors of the financial and trade shock during the …