Gorodnichenko, Yuriy; Mendoza, Enrique G.; Tesar, Linda L. - Institute for the Study of Labor (IZA) - 2009
1930s. We argue that the culprit behind this Great Depression was the collapse of Finnish trade with the Soviet Union … of Soviet-Finnish trade can explain key features of Finland's Great Depression. We also show that Finland's Great … similar trade collapse. However, as a western democracy with developed capital markets and institutions, Finland faced none of …
