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 …

The aim of this note is to provide an overview of various measures of "excess liquidity", which can be defined as the … deviation of the actual stock of money from an estimated equilibrium level. Given their dynamic nature, the excess liquidity … price pressures. In addition, excess liquidity measures consider inflation as a purely monetary phenomenon: neither the …

The past two decades have seen the construction of a tiered system of international liquidity provision, the first tier …