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https://hdl.handle.net/10419/57598
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Escaith, Hubert | en |
dc.contributor.author | Gonguet, Fabien | en |
dc.date.accessioned | 2009-07-17 | - |
dc.date.accessioned | 2012-04-26T12:02:21Z | - |
dc.date.available | 2012-04-26T12:02:21Z | - |
dc.date.issued | 2009 | - |
dc.identifier.pi | doi:10.30875/4d900fbc-en | - |
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 |
dc.language.iso | eng | en |
dc.publisher | |aWorld Trade Organization (WTO) |cGeneva | en |
dc.relation.ispartofseries | |aWTO Staff Working Paper |xERSD-2009-06 | en |
dc.subject.jel | C67 | en |
dc.subject.jel | F23 | en |
dc.subject.jel | F36 | en |
dc.subject.jel | G01 | en |
dc.subject.jel | L16 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | international supply chains | en |
dc.subject.keyword | monetary circuit | en |
dc.subject.keyword | real linkages | en |
dc.subject.keyword | transmission channels of financial shock | en |
dc.subject.keyword | Asian International Input-Output Tables | en |
dc.subject.stw | Industrieökonomik | en |
dc.subject.stw | Multinationales Unternehmen | en |
dc.subject.stw | Supply Chain Management | en |
dc.subject.stw | Auslandsproduktion | en |
dc.subject.stw | Finanzmarktkrise | en |
dc.title | International trade and real transmission channels of financial shocks in globalized production networks | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 604973578 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:wtowps:ERSD200906 | en |
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