Credit constraints and the great trade collapse: "Daniel Paravisini, Veronica E Rappoport, Philipp Schnabl, Daniel Wolfenzon, 27 July 2011
On the back of the global crisis came the global trade collapse, as international trade fell 15% between 2008 and 2009. Was this a result of credit lines being cut or did demand simply disappear? This column uses Peruvian export data to argue that bank credit played a smaller role than suggested by previous estimates.
Full Article: Credit constraints and the great trade collapse"
On the back of the global crisis came the global trade collapse, as international trade fell 15% between 2008 and 2009. Was this a result of credit lines being cut or did demand simply disappear? This column uses Peruvian export data to argue that bank credit played a smaller role than suggested by previous estimates.
Full Article: Credit constraints and the great trade collapse"
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