dependence of emerging Asia on external demand. This paper analyses, using an update of the Asian International Input-Output (AIO … linkages. According to the results, we do not find evidence of the decoupling of emerging Asia from the rest of the world. On … indicates that emerging Asia’s dependence on exports is only about one-third of its GDP, i.e. well below the 50% exposure …

We study how credit supply shocks in the US, the euro area and Japan are transmitted to other economies. We use the … effect of reducing credit supply to the private sector. We find that negative US credit supply shocks have stronger negative … effects on domestic and foreign GDP, compared to credit supply shocks from the euro area and Japan. Domestic and foreign …

Against the background of the rapid integration of emerging Asia into the global economy, this paper investigates the … role of domestic and external factors in driving individual emerging economies in Asia. We estimate VAR models for ten …

This paper investigates whether output and inflation respond asymmetrically to credit shocks in the euro area. The … effects related to credit conditions in the economy. Consistent with this finding, the impulse responses show some signs of …

imbalances, the United States and emerging Asia, using sign restrictions that are compatible with standard New Keynesian and Real … “liquidity glut” may have been a more important driver of real and financial imbalances in the US and emerging Asia than a …

can be helpful in this context. In this paper, I use business survey data to inform an SVAR of aggregate supply, demand …