We explore the concept of global liquidity based on a factor model estimated using a large set of financial and … macroeconomic variables from 24 advanced and emerging market economies. We measure global liquidity conditions based on the common … global factors in the dynamics of liquidity indicators. By imposing theoretically motivated sign restrictions on factor …

studies conducted in 11 countries to explore liquidity risk transmission. Among the main results is, first, that explanatory … management across global banks can be important for liquidity risk transmission into lending. Fourth, there is substantial … financial crisis. Yet, we know little about the actual magnitudes and mechanisms for transmission of liquidity shocks through …

wealth. In this paper, we study the role of real estate markets in the transmission of bank flow shocks to output growth … response of commercial property prices can explain most of this growth differential. When we unpack the transmission mechanism …

analyze the effects of monetary policy on the components of the interest rate pass-through, which reflect banks’ funding risk … (including sovereign risk) and markups charged by banks over funding costs. Third, we not only consider conventional but also … unconventional monetary policy. We find that while the transmission of conventional monetary policy to bank lending rates has not …

This paper examines German and foreign bank factors that can explain cross-border central bank liquidity flows between … central bank liquidity from abroad than a German bank with fewer existing central bank claims. However, higher overall … liquidity of a German credit institution corresponds to additional net inflows. Foreign bank factors only matter for central …

We analyse the relationship between global liquidity and exchange market pressure in 32 emerging market economies … accounts for changes in exchange rates, foreign exchange reserves and, optionally, interest rates. Surges in monetary liquidity … on emerging market currencies. The underlying transmission mechanism, however, only operates under regular financial …

-country asymmetries in monetary transmission. To do so, I determine how closely the impulse responses to a monetary policy shock obtained … transmission of monetary policy to prices. -- Monetary Transmission ; Financial Structure ; Labor Market Rigidities ; Industry Mix …