Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/57598 
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dc.contributor.authorEscaith, Huberten
dc.contributor.authorGonguet, Fabienen
dc.date.accessioned2009-07-17-
dc.date.accessioned2012-04-26T12:02:21Z-
dc.date.available2012-04-26T12:02:21Z-
dc.date.issued2009-
dc.identifier.pidoi:10.30875/4d900fbc-en-
dc.identifier.urihttp://hdl.handle.net/10419/57598-
dc.description.abstractBecause 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
dc.language.isoengen
dc.publisher|aWorld Trade Organization (WTO) |cGenevaen
dc.relation.ispartofseries|aWTO Staff Working Paper |xERSD-2009-06en
dc.subject.jelC67en
dc.subject.jelF23en
dc.subject.jelF36en
dc.subject.jelG01en
dc.subject.jelL16en
dc.subject.ddc330en
dc.subject.keywordinternational supply chainsen
dc.subject.keywordmonetary circuiten
dc.subject.keywordreal linkagesen
dc.subject.keywordtransmission channels of financial shocken
dc.subject.keywordAsian International Input-Output Tablesen
dc.subject.stwIndustrieökonomiken
dc.subject.stwMultinationales Unternehmenen
dc.subject.stwSupply Chain Managementen
dc.subject.stwAuslandsproduktionen
dc.subject.stwFinanzmarktkriseen
dc.titleInternational trade and real transmission channels of financial shocks in globalized production networks-
dc.typeWorking Paperen
dc.identifier.ppn604973578en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:wtowps:ERSD200906en

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