investigate the transmission of a global financial crisis that originates from financial frictions in the rest of the world. We …

-importing countries that comprise more than 73 percent of the world’s economy. We use bilateral trade matrix to construct the spillover …

of the disruption in production that started in China and then quickly spread across the world. We find that the COVID-19 … shock has a considerable impact on most economies in the world, especially when a share of the labor force is quarantined …

One of the most important developments of the 21st century is financial globalization. Financial globalization affects … other economic spheres and economic activities deeply. Also financial globalization restricts national economic policies of … nation states. Financial globalization produces both important new opportunities and advantages and new drastic problems on …

of the disruption in production that started in China and then quickly spread across the world. We find that the COVID-19 … shock has a considerable impact on most economies in the world, especially when a share of the labor force is quarantined …

destructive part of creative destruction is a social cost and therefore biases our estimate of the impact of the innovation on NNP …