G-4 liquidity caused surge in captal inflows: IMF paper
Surges in capital inflows and asset prices in emerging market economies can be partially explained by push factors such as global liquidity expansion, according to an International Monetary Fund paper published on Monday.
Effie Psalida and Tao Sun, the paper's authors, use panel data with alternative measures of global liquidity to assess whether the expansion of liquidity expansion by Group of Four nations – Japan, US, UK and the euro area – spills over to the rest of the world. The authors say
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