03771oam 22008894 450 991015501360332120200520144314.01-4755-5678-01-4755-5684-5(CKB)3710000000973029(MiAaPQ)EBC4867559(Au-PeEL)EBL4867559(CaPaEBR)ebr11391083(CaONFJC)MIL974482(OCoLC)964521569(IMF)WPIEA2016214(EXLCZ)99371000000097302920020129d2016 uf 0engurcnu||||||||rdacontentrdamediardacarrierWhen China Sneezes Does ASEAN Catch a Cold? /Sohrab RafiqWashington, D.C. :International Monetary Fund,2016.1 online resource (22 pages) illustrations (some color)IMF Working Papers1-4755-5260-2 Includes bibliographical references.This paper looks at the effects of a China slowdown on Emerging Market Economies (Indonesia, Malaysia, and Thailand) and Frontier Developing Economies (Cambodia, Lao P.D.R., and Vietnam) in ASEAN. The main finding is that the impact of China growth shocks on ASEAN has risen since the global financial crisis. A one percent decline in China’s growth implies a 0.3 percent reduction in growth for ASEAN EMEs and 0.2 for FDEs. An important component of inflation is also shared between ASEAN and China. These magnitudes are double what they were two decades ago due to stronger trade and financial linkages. Finally, a slowdown in China, while having real effects, also has a financial impact via slower credit growth and lower equity prices. This is in line with the existence of both portfolio balance and signaling channels, in which ASEAN market participants absorb news on China economic activity as an indicator over domestic growth prospects.IMF Working Papers; Working Paper ;No. 2016/214InflationimfMacroeconomicsimfMonetary PolicyimfFiscal PolicyimfOpen Economy MacroeconomicsimfBusiness FluctuationsimfCyclesimfPrice LevelimfDeflationimfPrices, Business Fluctuations, and Cycles: General (includes Measurement and Data)imfEconomic growthimfEconomic recessionimfFinancial cyclesimfBusiness cyclesimfAsset pricesimfFinancial sector policy and analysisimfPricesimfRecessionsimfChinaForeign economic relationsSoutheast AsiaSoutheast AsiaForeign economic relationsChinaChina, People's Republic ofimfInflationMacroeconomicsMonetary PolicyFiscal PolicyOpen Economy MacroeconomicsBusiness FluctuationsCyclesPrice LevelDeflationPrices, Business Fluctuations, and Cycles: General (includes Measurement and Data)Economic growthEconomic recessionFinancial cyclesBusiness cyclesAsset pricesFinancial sector policy and analysisPricesRecessions337.51059Rafiq Sohrab1379585DcWaIMFBOOK9910155013603321When China sneezes does ASEAN catch a cold3419587UNINA