Replication data for: Trade Finance and the Great Trade Collapse

Principal Investigator(s): View help for Principal Investigator(s) JaeBin Ahn; Mary Amiti; David E. Weinstein

Name	File Type	Size	Last Modified
LICENSE.txt	text/plain	14.6 KB	10/11/2019 11:46:AM
ReadMe.txt	text/plain	395 bytes	10/11/2019 11:46:AM
exports_m.do	text/plain	2.8 KB	10/11/2019 11:46:AM
exports_m.log	text/plain	15.2 KB	10/11/2019 11:46:AM
imports_m.do	text/plain	2.6 KB	10/11/2019 11:46:AM
imports_m.log	text/plain	15.6 KB	10/11/2019 11:46:AM

Project Citation:

Ahn, JaeBin, Amiti, Mary, and Weinstein, David E. Replication data for: Trade Finance and the Great Trade Collapse. Nashville, TN: American Economic Association [publisher], 2011. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112420V1

Project Description

Summary: Economic models that do not incorporate financial frictions only explain about 70 to 80 percent of the decline in world trade that occurred in the 2008-2009 crisis. We review evidence that shows financial factors also contributed to the great trade collapse and uncover two new stylized facts in support of it. First, we show that the prices of manufactured exports rose relative to domestic prices during the crisis. Second, we show that US seaborne exports and imports, which are likely to be more sensitive to trade finance problems, saw their prices rise relative to goods shipped by air or land.

Scope of Project

JEL Classification:
      E32 Business Fluctuations; Cycles
      F14 Empirical Studies of Trade
      F44 International Business Cycles
      G01 Financial Crises

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Published Versions

V1 [2019-10-11]

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