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 … market conditions: ample liquidity provision in advanced economies contributes to the build-up of financial stability risks …

financial crisis. Yet, we know little about the actual magnitudes and mechanisms for transmission of liquidity shocks through … Network (IBRN), established in 2012, brings together researchers from around the world with access to micro-data on individual … studies conducted in 11 countries to explore liquidity risk transmission. Among the main results is, first, that explanatory …

variation from an international trade theory perspective. In the model, banking across borders arises from differences in factor …

commercial banks to the Eurosystem's open market operations in conjunction with the redistribution of liquidity via the TARGET …