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The Effects of Global Liquidity on Global Imbalances
| dc.rights.license | open | en_US |
| hal.structure.identifier | Laboratoire d'analyse et de recherche en économie et finance internationales [Larefi] | |
| dc.contributor.author | DJIGBENOU, Marie-Louise | |
| dc.contributor.author | PARK, Hail | |
| dc.date.accessioned | 2022-12-13T16:36:44Z | |
| dc.date.available | 2022-12-13T16:36:44Z | |
| dc.identifier.uri | oai:crossref.org:10.2139/ssrn.2664373 | |
| dc.identifier.uri | oai:crossref.org:10.1016/j.iref.2015.10.019 | |
| dc.identifier.uri | https://oskar-bordeaux.fr/handle/20.500.12278/170615 | |
| dc.description.abstractEn | 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. | |
| dc.language.iso | EN | en_US |
| dc.source | crossref | |
| dc.subject.en | Global liquidity | |
| dc.subject.en | Global imbalances | |
| dc.subject.en | Panel-VARX | |
| dc.subject.en | US monetary shock | |
| dc.subject.en | Spillover effect | |
| dc.title.en | The Effects of Global Liquidity on Global Imbalances | |
| dc.type | Document de travail - Pré-publication | en_US |
| dc.identifier.doi | 10.2139/ssrn.2664373 | en_US |
| dc.subject.hal | Sciences de l'Homme et Société/Economies et finances | en_US |
| dc.subject.jel | E - Macroeconomics and Monetary Economics::E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit::E51 - Money Supply; Credit; Money Multipliers | en_US |
| dc.subject.jel | F - International Economics::F3 - International Finance::F30 - General | en_US |
| dc.subject.jel | F - International Economics::F3 - International Finance::F33 - International Monetary Arrangements and Institutions | en_US |
| bordeaux.page | 1-12 | en_US |
| bordeaux.hal.laboratories | Laboratoire d'analyse et de recherche en économie et finance internationales (LAREFI) - EA2954 | en_US |
| bordeaux.institution | Université de Bordeaux | en_US |
| bordeaux.institution | CNRS | en_US |
| bordeaux.import.source | dissemin | |
| hal.identifier | hal-03897233 | |
| hal.version | 1 | |
| hal.date.transferred | 2022-12-13T16:36:46Z | |
| hal.export | true | |
| workflow.import.source | dissemin | |
| dc.rights.cc | Pas de Licence CC | en_US |
| bordeaux.COinS | ctx_ver=Z39.88-2004&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.spage=1-12&rft.epage=1-12&rft.au=DJIGBENOU,%20Marie-Louise&PARK,%20Hail&rft.genre=preprint |
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