Beckmann, Joscha; Belke, Ansgar; Czudaj, Robert - In: Journal of Banking & Finance 48 (2014) C, pp. 224-234
This paper tackles the question of whether a cross-sectional perspective on monetary policy is capable of explaining … ways: on the one hand, to achieve a global series in terms of common monetary policy shocks, we propose a distinction … that global liquidity also reacts to disequilibria in a specific regime demonstrates the two-way causality between monetary …