world. Through a combination of structural VAR and DSGE analyses, we find that (1) spillovers from China to the rest of the … latter group has larger direct exposure in trade to China; and (3) although the United States has limited direct financial … exposure to China, the negative spillovers to the U.S. economy are amplified significantly if the negative Chinese growth shock …

This paper argues that since China closes her asset markets, investors turn to Hong Kong instead. The initial public …