The paper analyses and compares the role that the tightening in liquidity conditions and the collapse in risk appetite … empirical exercise with a Global VAR approach, the findings highlight the diversity of the transmission process. While liquidity …

The paper analyses the transmission of liquidity shocks and risk shocks to global financial markets. Using a Global VAR …

The recent global recession requires policy makers to identify the relative importance of shock transmission mechanisms … in each region and devise counter policy measures against future idiosyncratic shocks. In the last decade, world dynamics … mortgage crisis shock originated in the real sector (falling US housing prices) and was transmitted through trade variables …

poignancy that the “we” here refers to the wealthiest economies in the world which had, as late as 2006, been enjoying the …

The overly accommodating monetary policy is often accused of creating surplus liquidity and bubbles on the asset … upward pressures on asset prices. We focus in this paper on the impact of global excess liquidity on good and asset prices … for a set of emerging market countries by estimating a panel VAR model. We define first global liquidity and highlight …