The seven largest emerging market economies -China, India, Brazil, Russia, Mexico, Indonesia, and Turkey- constituted …. Given their size and integration, growth in EM7 could have significant cross-border spillovers. We provide empirical … estimates of these spillovers using a Bayesian vector auto regression model. We report three main results. First, spillovers …

suggests that the spillovers to the euro area would be limited in the case of a modest slowdown in China's GDP growth, but … significant in the case of a sharp downturn. Sensitivity analysis underscores that the spillovers are dependent on the strengths …