Asia Beyond the Global Economic Crisis: The Transmission Mechanism of Financial Shocks
Edward Elgar, 2011 - Political Science - 212 pages
The characteristic feature of the recent Global Economic Crisis is the speed and extent of the shock transmission. The development of cross-national production networks in recent years has significantly deepened the economic interdependency between countries, and a shock that occurs in one region can be swiftly and extensively transmitted to the rest of the globe. The sudden contraction of world trade and output is a negative outcome of this intertwined global economic system. Based on the method known as international input-output analyses, this book provides a detailed examination of the mechanics of shock transmission by probing the labyrinth of complex supply networks among nations.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Impact of the global economic crisis on employment in
International trade and real transmission channels of financial
Vertical specialization at the time of economic crisis
5 other sections not shown
Other editions - View all
AIO table analysis Asia Asia-Pacific region Asian countries Asian International Input-Output Bank Calculated capital cent changes chapter China Chinese circuit coefficients column components Computers considered constructed consumption costs crisis decline decrease direct domestic economy Electrical electronic employment equipment estimated example expenditure exports factors Figure final demand financial crisis firms global growth growth rate impact import increase indicates Indonesia induced industrial sector initial inputs Institute inter-country intermediate International Input-Output Tables investment Japan Korea labour linkages machinery Malaysia manufacturing matrix measure million monetary multiplier effect negative Note output Philippines present production networks ratio rebalancing recent relatively respectively rest share shifts shock shows significant simulation Singapore Source structure suppliers supply Taiwan Textile Thailand tion trade transactions transmission Transport triangular trade United variables vertical wages