Global Liquidity: A Selective Review

被引：7

作者：

Cohen, Benjamin H. ^{[1
]}

Domanski, Dietrich ^{[1
]}

Fender, Ingo ^{[1
]}

Shin, Hyun Song ^{[1
]}

机构：

[1] Bank Int Settlements, Monetary & Econ Dept, CH-4051 Basel, Switzerland

来源：

ANNUAL REVIEW OF ECONOMICS, VOL 9 | 2017年 / 9卷

关键词：

capital flows; international currencies; leverage; international finance; LEVERAGE; BANKS;

D O I：

10.1146/annurev-economics-063016-104331

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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.

引用

页码：587 / 612

页数：26

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