Corpus ID: 6740362

The Role of Vertical Linkages in the Propagation of the Global Downturn of 2008 ∗

@inproceedings{Bems2010TheRO,
  title={The Role of Vertical Linkages in the Propagation of the Global Downturn of 2008 ∗},
  author={Rudolfs Bems and Robert C. Johnson},
  year={2010}
}
Beginning in mid-2007, the world witnessed a sequence of increasingly disturbing outcomes in the housing and financial sectors in the United States and several European countries. Then, in September 2008, a critical point was reached with the entire U.S. financial system seemingly reaching the brink of collapse and Europe simultaneously experiencing multiple financial crises. Until that month, most countries and most nonfinancial sectors had been spared any significant spillover effects… Expand
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