Beverelli, Cosimo; Kukenova, Madina; Rocha, Nadia - 2011 - Manuscript date: March 2011
Using highly disaggregated US import data from 157 countries between 1996 and 2009, we first provide evidence that banking crises negatively affect the survival of trade relations. On average, the occurrence of a banking crisis decreases the rate of survival of trade relations by 13 percent....
