Series: IMF Working Papers
Author(s): Sally Chen , Philip Liu , Andrea Maechler , Chris Marsh , Sergejs Saksonovs , and Hyun Shin
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 11 October 2012
Keywords: core and noncore financial liabilities, growth, global liquidity, external liabilities, global financial crisis, global financial stability, central bank, Models with Panel Data, Government Policy and Regulation,
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 nonco...