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Can large trade shocks cause crises? The case of the Finnish-Soviet trade collapse
(05.05.2021)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
What are the economic causes and consequences of large trade disruptions? Are they able to unleash a full-scale economic crisis? In recent years, the news has been full of events such as the US-China trade war, Brexit and ...
Consumption and service sectors key factors in the global trade collapse during the COVID-19 crisis
(20.10.2021)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
The global economy and global trade flows have been hit hard by the COVID-19 crisis. The trade collapse in the second quarter of 2020 was even more severe than during the trough of the global financial crisis (GFC) in 2009. ...