Finnish Great News Today : Breaking News, Live Updates & Top Stories | Vimarsana

In December 1990, the Soviet Union withdrew from its bilateral trade agreement with Finland. This was followed by a dramatic collapse in Finnish-Soviet trade and a deep economic crisis in Finland. This column re-assesses the role of the trade collapse in causing the Finnish Great Depression in the early 1990s. The trade shock had a strong negative effect on the Finnish economy

United statesCity ofUnited kingdomJournal of international economicsInternational transmission of the great recessionExchange rate mechanismCollapse of internationalSoviet unionFormer sovietGreat recessionSmoot hawley actCold warFinnish great depressionFinnish greatBlack wednesdayGreat trade collapse