finds that common shocks – key crisis events as well as changes to global liquidity and risk – have exerted a large effect …

This paper examines how global liquidity responds to a US (United States) monetary policy shock, and whether global … liquidity has effects on global imbalances. To this end we estimate regression and Panel-VARX models using data from the G5 (US …, United Kingdom, Euro area, Japan and Canada) and 20 emerging countries. The empirical results show that global liquidity is …

The paper investigates the impact of global liquidity on house prices around the world using a novel proxy measured by …, Europe, and the UK, over the period 2000-2014 and using a panel VAR, we find that liquidity shocks impact house prices in … both emerging and advanced economies. However, countries' exposure to liquidity shocks can be mitigated by monetary policy …

International (cross-border and foreign currency) credit, a key indicator of global liquidity, has continued to expand … that of debt securities have tended to move in tandem, highlighting the cyclical nature of global liquidity. The US dollar …

abrupt and deep collapse in world trade, while other world-wide recessions had more moderate effects on world trade. This … Augmented VAR) to show that global liquidity shocks are important factors in explaining the huge and abrupt trade drops in Asia …

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 …

This paper provides a definition of global liquidity consistent with its meaning as the “ease of financing” in … also the cyclical impact of global liquidity, with sensitivities of flows to banks decreasing with stronger macroeconomic …

This paper studies the determinants of global liquidity using data on cross-border bank flows, with a longer time … series and broader country sample than previous studies. We define global liquidity as non-price determinants of cross … liquidity is driven primarily by uncertainty (VIX), US monetary policy (term premia), and UK and Euro Area bank conditions …

investigates whether the impact of global liquidity on commodity prices has grown since the crisis. For the agricultural products … with global liquidity to address the short-run relationship between global liquidity and commodity prices. The key finding … is that the effect of global liquidity has been more pronounced for energy and metals commodity prices since the global …

The paper investigates the impact of global liquidity, proxied by funding liquidity, on house prices around the world …. Focusing on the repo markets in US, Europe, UK and Japan, we document that changes in liquidity are related to cross …-border bank flows and affect house prices. Highlighting the importance of looking beyond the US, we find that the liquidity effect …