Global Liquidity and Asset Prices : Measurement, Implications, and Spillovers /

Much recent commentary suggests that global liquidity has influenced financial conditions in the major international markets to an important degree, and that excess liquidity in one financial center can influence financial conditions elsewhere. Little formal research has addressed these issues, howe...

Cijeli opis

Bibliografski detalji
Glavni autor: Baks, Klaas
Daljnji autori: Kramer, Charles
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 1999.
Serija:IMF Working Papers; Working Paper ; No. 1999/168
Online pristup:Full text available on IMF
LEADER 01822cas a2200253 a 4500
001 AALejournalIMF001102
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781451858242 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Baks, Klaas. 
245 1 0 |a Global Liquidity and Asset Prices :   |b Measurement, Implications, and Spillovers /  |c Klaas Baks, Charles Kramer. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1999. 
300 |a 1 online resource (33 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Much recent commentary suggests that global liquidity has influenced financial conditions in the major international markets to an important degree, and that excess liquidity in one financial center can influence financial conditions elsewhere. Little formal research has addressed these issues, however. In this paper, we use three indexes of liquidity (money growth) in the Group of Seven industrial countries to explore the international dimension of the relationship between liquidity and asset returns. Evidence suggests that an increase in G-7 liquidity is consistent with a decline in G-7 real interest rates and an increase in G-7 real stock returns. There is also evidence of liquidity spillovers across countries. 
538 |a Mode of access: Internet 
700 1 |a Kramer, Charles. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1999/168 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1999/168/001.1999.issue-168-en.xml  |z IMF e-Library