theories of Hayek, Wicksell and Schumpeter. We argue that ample liquidity supply originating in the large industrialized …

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 …

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. …

-type fashion. Regarding push factors, our study focuses on the relative importance of global liquidity and economic policy … and developing economies. Global liquidity, economic policy uncertainty and other risk factors, such as the US yield …