Fratzscher, Marcel - 2009
reveals a striking �nd-
ing. Before the �nancial crisis, a negative US shock, i.e. a worse than expected
performance of a US … pattern even switched
its sign: a negative US shock during the �nancial crisis since July 2008 has induced,
on average, an … such US shocks reveals a striking �nd-
ing. Before the �nancial crisis, a negative US shock, i.e. a worse than expected …