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 …

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 …

, US firms are able to compensate for the reduction in credit lines from EU banks by securing liquidity facilities from US …