BIS paper anatomises global liquidity
Global liquidity is driven by monetary policy and the supply and demand for credit, according to a Bank for International Settlements working paper, and therefore cannot be assessed with a single indicator.
The authors, Sandra Eickmeier, Leonardo Gambacorta, and Boris Hofmann, note that in the decade before the finanical crisis, global credit supply conditions "loosened markedly", partly as a result of financial deregulation.
However, the authors say, as the crisis built up, global monetary
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Central Banks
