01908cas a2200253 a 4500 AALejournalIMF016801 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484361689 1018-5941 BD-DhAAL BD-DhAAL Ganelli, Giovanni. Spillovers from Japan's Unconventional Monetary Policy to Emerging Asia : a Global VAR approach / Giovanni Ganelli, Nour Tawk. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (32 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We use a Global VAR model to study spillovers from the Bank of Japan's quantitative and qualitative easing (QQE) on emerging Asia.1 Our main result is that, despite an appreciation of their currencies vis-a-vis the yen, the impact on emerging Asia's GDP tended to be positive and significant. Our results suggest that the positive effect of QQE on expectations, by improving confidence, more than offset any negative exchange rate spillover due to expenditure switching from domestic demand to Japanese goods. They also suggest that spillovers from QQE might have worked mainly through the impact of expectations and improved confidence, captured by increases in equity prices, rather than through balance sheet adjustments which might have been captured by movements in the monetary base. Mode of access: Internet Tawk, Nour. IMF Working Papers; Working Paper ; No. 2016/099 Full text available on IMF http://elibrary.imf.org/view/journals/001/2016/099/001.2016.issue-099-en.xml IMF e-Library