Series: IMF Working Papers
Author(s): Akito Matsumoto
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2011
Keywords: world risk-free rate, unconventional monetary policy, liquidity, exchange rate, monetary policy, international reserves, interest rates, International Policy Coordination and Transmission, Macroeconomics And Monetary Economics, Money And Interest Rates,
What is global liquidity and how does it affect an economy? The paper addresses that question by looking at liquidity from two different perspectives: global liquidity as availability of funds in safe and risky ass...