inappropriate characterizations of monetary policy, as well as to ill-defined discussions of liquidity effects, the bank lending …

Central banks repo market operations and liquidity infusions occasion a structural liquidity mismatch in bank balance … sheets and increase the dependence on central bank liquidity. This paper argues for what I term “Circular Monetary Economics …”, an approach to monetary policy that seeks to green and prudentially insulate the design and implementation of liquidity …

This study constructs and examines the dynamics of theoretical and atheoretical measures of global liquidity, using … economic activity and the lag of cyclical components of the measures of global liquidity to gauge the strength of their … financial and liquidity conditions, and policy stance. Their cyclical components are also strongly associated with those of …

led to the creation of excessive global liquidity, which has contributed to asset price bubbles. Although the exchange …

of non-conventional monetary policies has provided some evidence on the efficacy of liquidity and asset purchases for … balance sheet operations supply (remove) liquidity to a financial market that is otherwise short (long) of liquidity and hence … reserves ; monetar & fiscal policy instruments ; Basel III. …