Levchenko, Andrei A.; Lewis, Logan T.; Tesar, Linda L. - Research Seminar in International Economics, University … - 2010
This paper explores the role of financial factors in the 2008-9 collapse of U.S. imports and exports. Using highly disaggregated international trade data, we examine whether the cross-sectoral variation in how much imports or exports fell during this episode can be explained by financial...