Many empirical studies find little evidence to support trade linkages as a channel for crisis spillovers during the 2008–09 global financial crisis, although trade linkages were one of the most important crisis transmission channels during 1971–

The authors are grateful to the Chulalongkorn Economics Research Center for providing funds for this project and anonymous reviewers for their valuable comments.

This content is only available as a PDF.
© 2014 The Earth Institute at Columbia University and the Massachusetts Institute of Technology
2014