翻譯,英文譯成中文
However, other papers have provided differentanswers to the problem. For instance,
Goldfajn (1998) concluded that trade was unimportantin the East Asian Crisis because the direct bilateral trade volumes betweentheseeconomies were verysmall. Masson (1998), analyzing the Mexican and Asian crises, obtained similar results.
All the papers that analyzed the relationship between trade and financial crises ignored the reverse question: how did financial crisesaffect international trade? I argue that the effects of financial crises on trade are a preconditionfor discussing how trade transmits crises. If financial crises do not affect countries’imports and exports at all, how can financial crises be transmitted through the trade channel?