coincided with a significant rise in global liquidity. This paper attempts to determine the extent to which the rise in asset … prices was influenced by developments in global liquidity. We confirm that global liquidity had a significant impact on the … impact of global liquidity declined during the period of the Great Moderation. The paper also examines spillovers from global …

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

Global excess liquidity roaming the world's financial markets (or its sudden absence) is sometimes believed to limit … constitutes global excess liquidity and how exactly it shapes the policy environment. Our approach adjusts liquidity for … longerterm interest rate and output effects and focuses on U.S. and Japanese liquidity as relevant proxies for global …

, money (defined as a global liquidity aggregate) is still a key factor to determine the long-run homogeneity of commodity … considerations. The inclusion of commodity prices helps to identify a significant monetary transmission process from global liquidity … clear empirical pattern it appears justified to argue that global liquidity merits attention in the same way as the …

, money (defined as a global liquidity aggregate) is still a key factor to determine the long-run homogeneity of commodity … considerations. The inclusion of commodity prices helps to identify a significant monetary transmission process from global liquidity … clear empirical pattern it appears justified to argue that global liquidity merits attention in the same way as the …

fiscal theory. The government's debt valuation equation links convenience yields to inflation and taxation which affects the …

across agents, time and currency pairs, consistent withthe asymmetric information theory and OTC market fragmentation. A …