Rose, Andrew; Spiegel, Mark - 2009
the case of the “common competitor” channel for trade exposure, the “common
creditor” channel is likely to be less relevant in the current crisis, where the downturn centered
in the world …‐type linkages that we search for in this paper. For example, Kaminsky and Reinhart
(2002) find no evidence that knowing that a single crisis is occurring somewhere in the world
raises …