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This paper studies the role of cross-border supply-chains for international financial contagion. Following large country-level shocks abroad, such as country-index return jumps and natural disasters, the dynamic conditional correlation (DCC) of stock returns between U.S. suppliers and their...
Persistent link: https://www.econbiz.de/10013215142
Much attention has been paid to the sharp fall in world trade associated with the economic crisis during the last … to globalisation and the fragmentation of supply chains, world trade will inevitably overshoot the shock in world GDP. We … replicate a very similar multiplier effect on world trade to that currently being experienced. Firstly, we find that, when trade …
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The present paper investigates the offshore crisis 2015-2017 and its impact on one of the most complete maritime clusters, more precise the Blue Maritime Cluster, located at Møre og Romsdal at the North Western Coast of Norway.As this cluster is heavily involved in offshore petroleum...
Persistent link: https://www.econbiz.de/10012864466
hypothesis that world economy has undertaken in the late 1980s a "traverse" between two underlying economic models. During this …
Persistent link: https://www.econbiz.de/10014198275
Global supply chains reshaped international trade since the 1980s. Their role in explaining the trade collapse that followed the financial crisis of September 2008 was determinant. Because manufacture production is internationally fragmented, adverse external shocks affect firms not only through...
Persistent link: https://www.econbiz.de/10014201781
This paper empirically examines the effects of financial crises on the organization of production of multinational enterprises. We construct a panel of European multinational networks from 2003 through 2015. We use as a financial shock the increase in risk premia between August 2007 and July...
Persistent link: https://www.econbiz.de/10014349567