1930s. We argue that the culprit behind this Great Depression was the collapse of Finnish trade with the Soviet Union … of Soviet-Finnish trade can explain key features of Finland's Great Depression. We also show that Finland's Great … we isolate the adjustment costs due solely to the collapse of Soviet trade. …

1930s. We argue that the culprit behind this Great Depression was the collapse of Finnish trade with the Soviet Union … of Soviet-Finnish trade can explain key features of Finland's Great Depression. We also show that Finland's Great … we isolate the adjustment costs due solely to the collapse of Soviet trade. -- Business cycles ; depression ; trade …

1930s. We argue that the culprit behind this Great Depression was the collapse of Finnish trade with the Soviet Union … of Soviet-Finnish trade can explain key features of Finland's Great Depression. We also show that Finland's Great … we isolate the adjustment costs due solely to the collapse of Soviet trade …

1930s. We argue that the culprit behind this Great Depression was the collapse of Finnish trade with the Soviet Union … of Soviet-Finnish trade can explain key features of Finland's Great Depression. We also show that Finland's Great … we isolate the adjustment costs due solely to the collapse of Soviet trade …

former exchange rate. The August 17 debacle is turning out to be salvation of Russian industry. The depression of Russia … from the subsidisation role of Soviet times, but Russian manufacturing went from bad to worse. Companies made more losses …

large parts of the world. In this paper we explore the financial and the trade channel in a unified framework and quantify … losses in the value of cross-border asset holdings. Calibrated to German data, the model predicts the trade channel to be …. The transmission via the financial channel triggers a much longer-lasting recession relative to the trade channel …

This paper proposes a model of international trade with capital accumulation and financial intermediation. This is … on aggregate output and international trade flows. The model predicts that trade volume declines far more sharply and … of aggregate productivity but also the ratio of trade volume to domestic output …

–country annual data where trade integration, sectoral specialisation and financial integration are considered endogenous. Our results … suggest that deeper trade and financial integration had strong direct positive effects on the synchronisation of Irish … positive effect on trade and financial integration. The adoption of the euro has led to more synchronised business cycles …

dependent on external developments, especially in the years after the great recession of 2008 and 2009. The trade channel …

dependent on external developments, especially in the years after the great recession of 2008 and 2009. The trade channel …