cities in China. To do so, I construct a unique dataset of bilateral transportation costs between Chinese cities, digitized … a sectoral reallocation between cities in China …

Although Europe in the aggregate is a not a major contributor to global current account imbalances, its trade and … external deficits and surpluses. We assess the macroeconomic impact on Europe of global current account adjustment under …

, using local projections, the paper zooms in on shocks originating in the United States, Europe, and China. Our results …, Europe, and China reduces economic activity in the rest of the world, with the effects being mostly felt in Europe and the …

China and Australia have increasingly strong links, especially through trade. These are driven by demand from China for … Australian commodities (coal and iron ore) and services (tourism and education). These links are influenced by China's transition …, three risks (both upside and downside) to China during this transition process are considered, focusing on their spillovers …

The analysis of China's impacts on the 44 SSA countries reveals that: (i) after joining the WTO in 2001, China has … started to impact significantly on SSA growth: one-percent increase in China's GDP per capita leads to 0.02 percent increase … on the SSA's GDP per capita; (ii) oil and investment-goods exporters benefit more from China's growth; (iii) compared to …

Asia and China made disproportionate contributions to the slowdown of global trade growth in 2015. China's import … point to weak investment and rebalancing as the main causes of the import slowdown. Spillover effects from China …

Mainland China have started to weigh on Hong Kong''s growth prospects. Against this backdrop, this paper aims to quantify the … trade and financial spillovers on Hong Kong SAR''s economy from a downturn in the euro area and Mainland China. Based on … event of a hard landing in China, the model simulations suggest that Hong Kong SAR would be on a sustained downturn with …

What role does China play in Africa''s development? What drives China''s increasing economic involvement in the … continent? This paper attempts to provide a quantified assessment of China''s multifaceted influence as market, donor, financer … government policies, markets for each other''s exports, Africa''s demand for infrastructure, and differences in China''s approach …