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WTO Staff Working Papers, Economic Research and Statistics Division, WTO >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/57598
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Escaith, Hubert | | en_US |
| dc.contributor.author | | Gonguet, Fabien | | en_US |
| dc.date.accessioned | | 2009-07-17 | | en_US |
| dc.date.accessioned | | 2012-04-26T12:02:21Z | | - |
| dc.date.available | | 2012-04-26T12:02:21Z | | - |
| dc.date.issued | | 2009 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/57598 | | - |
| dc.description.abstract | | Because individual firms are interdependent and rely on each other, either as supplier of intermediate goods or client for their own production, an exogenous financial shock affecting a single firm, such as the termination of a line of credit, reverberates through the productive chain. The transmission of the initial financial shock through real channels is tracked by modelling input-output interactions. The paper indicates that when banks operate at the limit of their institutional capacity, defined by the capital adequacy ratio, and if assets are priced to market, then a resonance effect amplifies the back and forth transmission between real and monetary circuits. The paper illustrates the proposed methodology by computing a supply-driven indicator (IRSIC) and indirect demand-driven impacts on five interconnected economies of different characteristics: China, Japan, Malaysia, Thailand and the United States. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | World Trade Organization, Economic Research and Statistics Div. Geneva | | en_US |
| dc.relation.ispartofseries | | Staff working paper ERSD 2009-06 | | en_US |
| dc.subject.jel | | C67 | | en_US |
| dc.subject.jel | | F23 | | en_US |
| dc.subject.jel | | F36 | | en_US |
| dc.subject.jel | | G01 | | en_US |
| dc.subject.jel | | L16 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | international supply chains | | en_US |
| dc.subject.keyword | | monetary circuit | | en_US |
| dc.subject.keyword | | real linkages | | en_US |
| dc.subject.keyword | | transmission channels of financial shock | | en_US |
| dc.subject.keyword | | Asian International Input-Output Tables | | en_US |
| dc.subject.stw | | Industrieökonomik | | en_US |
| dc.subject.stw | | Multinationales Unternehmen | | en_US |
| dc.subject.stw | | Supply Chain Management | | en_US |
| dc.subject.stw | | Auslandsproduktion | | en_US |
| dc.subject.stw | | Finanzmarktkrise | | en_US |
| dc.title | | International trade and real transmission channels of financial shocks in globalized production networks | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 604973578 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | WTO Staff Working Papers, Economic Research and Statistics Division, WTO
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