Search Results

No results found.

(refine search)
SORT BY: PREVIOUS / NEXT
Author:Hoek, Jasper 

Working Paper
Global Spillovers of a China Hard Landing
China?s economy has become larger and more interconnected with the rest of the world, thus raising the possibility that acute financial stress in China may lead to global financial instability. This paper analyzes the potential spillovers of such an event to the rest of the world with three methodologies: a VAR, an event study, and a DSGE model. We find the sentiment channel to be the primary spillover channel to the United States, affecting global risk aversion and asset prices such as equity prices and the dollar, in addition to modest real effects through the trade channel. In comparison, the combined financial and real effects to other advanced and emerging market economies, especially net commodity exporters, would be more consequential due to their larger direct exposure to China and more limited scope of monetary policy to respond to shocks.
AUTHORS: Ahmed, Shaghil; Correa, Ricardo; Dias, Daniel A.; Gornemann, Nils; Hoek, Jasper; Jain, Anil K.; Liu, Edith X.; Wong, Anna
DATE: 2019-10-18

FILTER BY Content Type

FILTER BY Author

Ahmed, Shaghil 1 items

Correa, Ricardo 1 items

Dias, Daniel A. 1 items

Gornemann, Nils 1 items

Jain, Anil K. 1 items

show more (3)

FILTER BY Jel Classification

E60 1 items

F30 1 items

G28 1 items

FILTER BY Keywords

PREVIOUS / NEXT