Spillover effects of a downturn in China's real estate investment [[electronic resource] /] / Ashvin Ahuja and Alla Myrvoda

• Autore: Ahuja Ashvin
• Pubblicazione: Washington, D.C., : International Monetary Fund, 2012
• Descrizione fisica: 1 online resource (25 p.)
• Soggetto topico: Real estate investment - China; Financial crises - China
• Soggetto genere / forma: Electronic books.
• Altri autori: MyrvodaAlla
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: 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
• Sommario/riassunto: 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 trading partners. Using a two-region factor-augmented vector autoregression model that allows for interaction be
• Titolo autorizzato: Spillover effects of a downturn in China's real estate investment
• ISBN: 1-4755-7353-7; 1-4755-6066-4; 1-283-86693-5; 1-4755-7515-7
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910452575803321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers