pressure on inflation in China over the past 10 years. This finding suggests that excess liquidity in China has not only …The surge in international capital inflows and the remarkable excess liquidity in China between 1997 and 2007 are … huge foreign capital inflows, has effectively induced excess liquidity in China. More importantly, by developing an …

against liquidity shocks, which temporarily shut out the economy of short-term credit markets. Due to the presence of a …

stability. To contain domestic inflation these central banks absorb rather then provide liquidity in their regular monetary … to accumulate massive foreign reserves. If left unsterilized, the liquidity expansion can threaten domestic macroeconomic … policy operations. Based on an augmented Barro-Gordon framework we show that inflation targeting within an environment of …

This paper examines the effects of global liquidity expansion on advanced and emerging economies by using panel VAR … methodology. The results show that global liquidity expansion tends to boost economy by increasing GDP growth and stock prices …. However, we find that the effects are asymmetric. The effects of global liquidity on GDP and stock prices are greater and more …