Large-Scale Synchrony, Global Interdependence and Contagion
AbstractWe construct a simple firm-based model of global interdependence. We show how extremely strong statistical correlations can naturally develop between countries even if the interconnections between those countries remain very weak. Potential policy implications of this result are also discussed.
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Bibliographic InfoPaper provided by Rutgers University, Department of Economics in its series Departmental Working Papers with number 200103.
Date of creation: 07 Jun 2001
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- F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
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