financial conditions in EMEs, and, whether it is transmitted through portfolio flows. We find that a U.S. UMP shock … easing of their own monetary policy stance in response to an expansionary U.S. shock. …

, culture choice and the New World Order -- 3. Growth without democracy: Has China’s time of rapid growth come to an end? -- 4 …. Coping with international monetary instability -- 5. Dollar funding stresses in China -- 6. Four challenges faced by central … banks in the post-Covid world -- 7. How the flows change when interest rates are normalized: Risks to economic and financial …

China's GDP growth slowdown and a surge in global financial market volatility could both adversely affect an already … negative GDP shock in China (equivalent to a one-off one percent growth shock) could have significant global macroeconomic … volatility could translate into a fall in world economic growth of around 0.29 percentage points, but it could also have negative …