Global Liquidity Transmission to Emerging Market Economies, and Their Policy Responses /
This paper distills and identifies global liquidity (GL) momenta from the macro-financial data of advanced economies through a factor model with sign restrictions as policy-driven, market-driven, and risk averseness factors. Using a panel factor-augmented VAR, we investigate responses of emerging ma...
| Auteur principal: | |
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| Autres auteurs: | , , |
| Format: | Revue |
| Langue: | English |
| Publié: |
Washington, D.C. :
International Monetary Fund,
2017.
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| Collection: | IMF Working Papers; Working Paper ;
No. 2017/222 |
| Accès en ligne: | Full text available on IMF |