Large-scale synchrony, global interdependence and contagion

We construct a simple firm-based model of global interdependence. We show how extremely strong statistical correlations can naturally develop between countries even if the interconnections between those countries remain very weak. Potential policy implications of this result are also discussed.

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Year of publication:	2001
Authors:	Friedman, Eric J. ; Johnson, Simon ; Landsberg, A. S.
Publisher:	New Brunswick, NJ : Rutgers University, Department of Economics
Subject:	Wirtschaftskrise \| Internationaler Preiszusammenhang \| Schock \| Unternehmensnetzwerk \| Theorie \| large scale synchrony

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Series:	Working Paper ; 2001-03
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	331366827 [GVK] hdl:10419/79192 [Handle] RePEc:rut:rutres:200103 [RePEc]
Classification:	F40 - Macroeconomic Aspects of International Trade and Finance. General
Source:	EconStor

Persistent link: https://www.econbiz.de/10010318378