countries by using a FAVAR model. We first examine all possible channels through which a policy shock is transmitted to each … country. In general the transmission of the shock hides considerable heterogeneity across the countries. We find that the … interest rate channel explain the negative propagation of the US shock to the GDP of Hong Kong, the Philippines and Singapore …

investigates the effect of macroeconomic linkages on international shock transmissions in selected East Asian countries. Global … effects in the same way. On the other hand, result from the dynamic analysis, shows that China contributes highest shock … transmission in the real sector, whereas US is the highest in the equity market. For the exchange rate; within-regional shock …