Dong-Eun, Rhee; Da Young, Yang - In: Journal of East Asian economic integration 18 (2014) 2, pp. 143-161
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 …