Chinese financial spillovers to Asia-Pacific on the rise – BIS paper
Spillovers from Chinese markets have "gathered strength", authors say
Spillovers from China's equity markets and exchange rate to markets in the Asia-Pacific region have "gathered strength" in recent years, a working paper published today (September 12) finds.
Chang Shu, Dong He, Jinyue Dong and Honglin Wang use a structural vector autoregressive model to gauge transmission between different markets and different regional blocks in their paper Regional pull vs global push factors. Their model points to a growing role for Chinese equity markets, though Chinese bond
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