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 …

This paper exploits a novel bank-level monthly dataset to assess the effects of global liquidity on the global flows of … supports a range of determinants of global liquidity - including global risk, global bank equity and unconventional monetary … indicates heterogeneity in the influence of global liquidity on global flows across euro area bank type, defined by their …

liquidity flows, away from cross-border bank lending towards international bond issuance. We show that the post-GFC shifts in … the risk sensitivities of global liquidity flows are related to the tightness of the balance sheet (capital and leverage … document that the risk sensitivity of global liquidity flows is higher when funding is provided by financial intermediaries …