The system will be going down for regular maintenance. Please save your work and logout.
Notice
This is not the latest version of this item. The latest version can be found at: https://oskar-bordeaux.fr/handle/20.500.12278/170615.2
The Effects of Global Liquidity on Global Imbalances
DJIGBENOU, Marie-Louise
Laboratoire d'analyse et de recherche en économie et finance internationales [Larefi]
Laboratoire d'analyse et de recherche en économie et finance internationales [Larefi]
DJIGBENOU, Marie-Louise
Laboratoire d'analyse et de recherche en économie et finance internationales [Larefi]
< Reduce
Laboratoire d'analyse et de recherche en économie et finance internationales [Larefi]
Language
EN
Document de travail - Pré-publication
This item was published in
p. 1-12
English Abstract
This paper examines how global liquidity responds to a US (United States) monetary policy shock, and whether global liquidity has effects on global imbalances. To this end we estimate regression and Panel-VARX models using ...Read more >
This paper examines how global liquidity responds to a US (United States) monetary policy shock, and whether global liquidity has effects on global imbalances. To this end we estimate regression and Panel-VARX models using data from the G5 (US, United Kingdom, Euro area, Japan and Canada) and 20 emerging countries. The empirical results show that global liquidity is meaningfully affected by a US monetary shock, and that the effects on global imbalances of global liquidity are significant. The foreign exchange reserves of emerging economies are also found to play a significant role related to global imbalances.Read less <
English Keywords
Global liquidity
Global imbalances
Panel-VARX
US monetary shock
Spillover effect