Can large trade shocks cause crises? The case of the Finnish-Soviet trade collapse
Gulan, Adam (05.05.2021)
JulkaisusarjaBank of Finland Bulletin. Blog
JulkaisijaBank of Finland
Julkaisun pysyvä osoite onhttps://urn.fi/URN:NBN:fi:bof-202105061213
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 even the collapse of tourism services exports in southern Europe following the outbreak of COVID-19. Finland has its own unique and still recent experience from the early 1990s, when the Soviet Union withdrew from the clearing trade agreement in December 1990.
The accessible version: https://www.bofbulletin.fi/en/blogs/can-large-trade-shocks-cause-crises-the-case-of-the-finnish-soviet-trade-collapse/