Arbeitspapier

Large-scale synchrony, global interdependence and contagion

We 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.

Language
Englisch

Bibliographic citation
Series: Working Paper ; No. 2001-03

Classification
Wirtschaft
Macroeconomic Aspects of International Trade and Finance: General
Subject
large scale synchrony
Wirtschaftskrise
Internationaler Preiszusammenhang
Schock
Unternehmensnetzwerk
Theorie

Event
Geistige Schöpfung
(who)
Friedman, Eric J.
Johnson, Simon
Landsberg, A. S.
Event
Veröffentlichung
(who)
Rutgers University, Department of Economics
(where)
New Brunswick, NJ
(when)
2001

Handle
Last update
10.03.2025, 11:45 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Friedman, Eric J.
  • Johnson, Simon
  • Landsberg, A. S.
  • Rutgers University, Department of Economics

Time of origin

  • 2001

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