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Record Nr. |
UNINA9910452575803321 |
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Autore |
Ahuja Ashvin |
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Titolo |
Spillover effects of a downturn in China's real estate investment [[electronic resource] /] / Ashvin Ahuja and Alla Myrvoda |
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Pubbl/distr/stampa |
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Washington, D.C., : International Monetary Fund, 2012 |
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ISBN |
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1-4755-7353-7 |
1-4755-6066-4 |
1-283-86693-5 |
1-4755-7515-7 |
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Descrizione fisica |
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1 online resource (25 p.) |
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Collana |
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IMF working paper ; ; WP/12/266 |
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Altri autori (Persone) |
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Soggetti |
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Real estate investment - China |
Financial crises - China |
Electronic books. |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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Cover; Contents; I. Introduction; II. Modeling the Spillover Effects; III. Domestic Feedback; Table; Table 1. Impacts one year after a 1-percent exogenous decline in China's real estate investment: Selected China Indicators; IV. Global Spillover; Table 2. Impacts one year after a 1-percent exogenous decline in China's real estate; Table 3. Impacts one year after a 1-percent exogenous decline in China's real estate investment: Trade Indicators; Table 4. Impacts one year after a 1-standard-deviation exogenous decline in China's real estate investment: Selected Commodity Prices; V. Conclusion |
ReferencesAppendix; A: The China-G20 Macro Financial FAVAR; B: Data Transformation and Sources |
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Sommario/riassunto |
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Real estate investment accounts for a quarter of total fixed asset investment (FAI) in China. The real estate sector's extensive industrial and financial linkages make it a special type of economic activity, especially where the credit creation process relies primarily on collateral, like in China. As a result, the impact on economic activity of a collapse in real estate investment in China?though a low-probability event?would be sizable, with large spillovers to a number of China's |
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