sensitivity of these strains to risk sentiment deterioration. Cross-border flows through banks for excess liquidity support … facilities leaves longer-term patterns of cross-border liquidity and capital flows broadly unchanged. While official sector … liquidity hoarding and “dash for cash” activity are expected to be lower with access to these facilities, initial evidence does …

consumption. I find that aggregate consumption would have fallen by 16.7 percent in the absence of public transfers and a … quarantine flexibilization policy. Consumption would still fall by 10.2 percent with a quarantine flexibilization policy but … consumption was still 6.2 percent below its pre-pandemic period. Relative to a scenario with quarantine flexibilization but …

inflation, trade flows, capital inflow, capital account transactions, reserve accumulation, global liquidity (e.g., global broad …Empirical studies of the global liquidity spillover on Indonesia's economy are still relatively limited. Most of the … money), and monetary aggregates, with regard to Indonesia's GDP variables and inflation. This paper uses threshold vector …

, 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 … useful information about variables such as commodity prices which matter for aggregate demand and thus inflation. Given this …

financial crisis. Yet we know little about the actual magnitudes and mechanisms for transmission of liquidity shocks through … studies conducted in eleven countries to explore liquidity risk transmission. Among the main results is, first, that … explanatory power of the empirical model is higher for domestic lending than for international lending. Second, how liquidity risk …