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Spillovers from China; Financial Channels
Nkunde Mwase,Papa N'Diaye,Hiroko Oura,Frantisek Ricka,Katsiaryna Svirydzenka,Yuanyan S Zhang +5 more
TLDR
In this article, the impact of developments in China on global financial markets, with a particular emphasis on differentiation across asset classes and markets, was examined, and it was shown that these effects reflect primarily the central role the country plays in goods trade and commodity markets, rather than China's financial integration in global markets and the direct financial linkages it has with other countries.Abstract:
Although China’s much-needed transition to a new growth path is proceeding broadly as expected, the transition is still fraught with uncertainty, including regarding the Chinese authorities’ ability to achieve a smooth rebalancing of growth and the extent of the attendant slowdown in activity. Thus, in the short run, the transition process is likely to entail significant spillovers through trade and commodities, and possibly financial channels. This note sheds some light on the size and nature of financial spillovers from China by looking at the impact of developments in China on global financial markets, with a particular emphasis on differentiation across asset classes and markets. The note shows that economic and financial developments in China have a significant impact on global financial markets, but these effects reflect primarily the central role the country plays in goods trade and commodity markets, rather than China’s financial integration in global markets and the direct financial linkages it has with other countries.read more
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Risk and return of online channel adoption in the banking industry
TL;DR: In this paper, a bank-specific indicator of online channel adoption was constructed to study the risk and return of online channels based on a sample of 118 Chinese banks over the period of 2002-2016.
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The international spillover of china’s monetary policy: a case study of a developing country
TL;DR: In this paper, a structural vector autoregressive model is used to explore the transmission of China's monetary policy shocks to macroeconomic variables in Iran, and the results reveal that Iran's other economic variables, including real GDP, real effective exchange rate, and interest rate, do not significantly reflect the China’s monetary shocks; even though confirm the expected sign and direction.
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Global imbalances, external adjustment and propagated shocks: An African perspective from a global VAR model
TL;DR: This article examined the impacts of external adjustment related to global imbalances on the external accounts (trade balance, current account and net foreign asset position) and real output in oil-exporting and frontier markets in Africa via the trade and financial (valuation) channels.
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