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Exploring the dynamics of global liquidity /
This paper explores the concept of global liquidity, its measurement and macro-financial importance. We construct two sets of indicators for global liquidity: a quantity series distinguishing between core and noncore liabilities of financial intermediaries and a corresponding price series. Using pri...
| Clasificación: | Libro Electrónico |
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| Autor Corporativo: | |
| Otros Autores: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
©2012.
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| Colección: | IMF working paper ;
WP/12/246. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | This paper explores the concept of global liquidity, its measurement and macro-financial importance. We construct two sets of indicators for global liquidity: a quantity series distinguishing between core and noncore liabilities of financial intermediaries and a corresponding price series. Using price and quantity indicators simultaneously, it is possible to distinguish between shocks to the supply and demand for global liquidity, and isolate their impact on the economy. Our results confirm that global liquidity conditions matter for economic and financial stability, and points to indicators whose regular monitoring could be valuable to policymakers. |
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| Notas: | Title from PDF title page (IMF Web site, viewed October 16, 2012). "Strategy, Policy, and Review Department." "October 2012." |
| Descripción Física: | 1 online resource (47 pages) |
| Bibliografía: | Includes bibliographical references. |
| ISBN: | 9781475512823 1475512821 1475512791 9781475512793 1475512805 9781475512809 1475512813 9781475512816 |