Business cycles and the asset structure of foreign trade

Article, Preprint OPEN
Marianne Baxter; Mario J. Crucini;
  • Journal: International Economic Review, volume 36, issue 4 November, pages 821-54
  • Subject: Business cycles ; International trade
    • jel: jel:F30 | jel:F11

Since the primary role of international financial linkages is to facilitate consumption smoothing in the face of country-specific shocks, the degree of international financial integration should play an important role in the international transmission of business cycles... View more
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