Chenzi Xu. 2022. “Reshaping Global Trade: The Immediate and Long-Run Effects of Bank Failures.” The Quarterly Journal of Economics 137(4): 2107-2161.
Check the author’s website for the posted paper:
chenzi-xu.com/
Financial crises can lead to large, immediate disruptions, but do they affect long-run patterns of economic activity? This paper explores how the 1866 banking crisis reshaped patterns of global trade for decades.
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