triggered wandering overinvestment cycles in Japan, Southeast Asia and China. Similarly, it is shown how a one-size monetary …

surplus liquidity absorption within an asymmetric EMU. It is argued that starting from the turn of the millennium diverging … brought Deutsche Bundesbank into a debtor position to the domestic financial system, we discuss options for liquidity …

resulting monetary explosion in China contributes to the worldwide increase in primary commodity prices - with excess liquidity …

distinguish the pattern of monetary policy operations of the liquidity providing central banks of the large industrialized … countries (creditor central banks) and the liquidity absorbing central banks of emerging market economies (debtor central banks …). Many debtor central banks provide liquidity through foreign exchange intervention in reaction to foreign exchange inflows …

sterilization operations to absorb what we call "surplus liquidity" from the domestic banking systems. This has brought the East … that given buoyant capital inflows and exchange rate stabilization the absorption of surplus liquidity leads either to …