Exploring the dynamics of global liquidity /

This paper explores the concept of global liquidity, its measurement and macro-financial importance. We construct two sets of indicators for global liquidity: a quantity series distinguishing between core and noncore liabilities of financial intermediaries and a corresponding price series. Using pri...

Full description

Saved in:
Bibliographic Details
Corporate Author: International Monetary Fund. Strategy, Policy, and Review Department.
Other Authors: Chen, Sally F. 1973-
Format: eBook
Language:English
Published: [Washington, D.C.] : International Monetary Fund, ©2012.
Series:IMF working paper ; WP/12/246.
Subjects:
Online Access:CONNECT
Description
Summary:This paper explores the concept of global liquidity, its measurement and macro-financial importance. We construct two sets of indicators for global liquidity: a quantity series distinguishing between core and noncore liabilities of financial intermediaries and a corresponding price series. Using price and quantity indicators simultaneously, it is possible to distinguish between shocks to the supply and demand for global liquidity, and isolate their impact on the economy. Our results confirm that global liquidity conditions matter for economic and financial stability, and points to indicators whose regular monitoring could be valuable to policymakers.
Item Description:Title from PDF title page (IMF Web site, viewed Oct. 16, 2012).
"Strategy, Policy, and Review Department."
"October 2012."
Physical Description:1 online resource (47 pages).
Bibliography:Includes bibliographical references.
ISBN:9781475512823
1475512821
1475512791
9781475512793
1475512805
9781475512809