Global Liquidity: A Selective Review

Benjamin Cohen, Dietrich Domanski (), Ingo Fender and Hyun Song Shin
Additional contact information
Dietrich Domanski: Monetary and Economic Department, Bank for International Settlements, 4051 Basel, Switzerland

Annual Review of Economics, 2017, vol. 9, issue 1, 587-612

Abstract: Global liquidity is a catch-all term that is used to denote the combination of easier financing conditions, capital inflows, and exchange rate appreciation. An approach based on the activities of internationally active financial institutions sheds light on the conceptual underpinnings and the economic mechanisms involved in the transmission of global liquidity. The analysis highlights the role of international funding currencies, especially the US dollar. The analysis also motivates a set of global liquidity indicators based on the size and currency composition of balance sheets.

Keywords: capital flows; international currencies; leverage; international finance (search for similar items in EconPapers)
JEL-codes: F30 F31 F34 (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations: View citations in EconPapers (16)

Downloads: (external link)
https://doi.org/10.1146/annurev-economics-063016-104331 (application/pdf)
Full text downloads are only available to subscribers. Visit the abstract page for more information.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:anr:reveco:v:9:y:2017:p:587-612

Ordering information: This journal article can be ordered from
http://www.annualreviews.org/action/ecommerce

Access Statistics for this article

More articles in Annual Review of Economics from Annual Reviews Annual Reviews 4139 El Camino Way Palo Alto, CA 94306, USA.
Bibliographic data for series maintained by http://www.annualreviews.org ().