Global liquidity and asset prices : measurement, implications and spillovers /

Global liquidity and asset prices : measurement, implications and spillovers /

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Bibliographic Details
Author / Creator:	Baks, Klaas.
Imprint:	[Washington, D.C.] : International Monetary Fund, Research Dept., ©1999.
Description:	1 online resource (33 pages) : illustrations.
Language:	English
Series:	IMF working paper ; WP/99/168 IMF working paper ; WP/99/168.
Subject:	International finance -- Econometric models -- Group of Seven countries. Liquidity (Economics) -- Econometric models -- Group of Seven countries. Rate of return -- Group of Seven countries -- Econometric models. Interest rates -- Group of Seven countries -- Econometric models. International finance -- Econometric models. Liquidity (Economics) -- Econometric models. Interest rates -- Econometric models. International finance. Liquidity (Economics) Rate of return -- Econometric models. Group of Seven countries.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12501782

Hidden Bibliographic Details
Other authors / contributors:	Kramer, Charles Frederick. International Monetary Fund. Research Department.
ISBN:	1451903499 9781451903492
ISSN:	2227-8885
Notes:	Caption title. "December 1999." Includes bibliographical references (pages 31-33). Restrictions unspecified Also issued online. Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2011. Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 digitized 2011 HathiTrust Digital Library committed to preserve Print version record.
Summary:	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.
Other form:	Print version: Baks, Klaas. Global liquidity and asset prices. [Washington, D.C.] : International Monetary Fund, Research Dept., ©1999
Standard no.:	10.5089/9781451903492.001

Description
Summary:	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.
Item Description:	Caption title. "December 1999."
Physical Description:	1 online resource (33 pages) : illustrations.
Format:	Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Bibliography:	Includes bibliographical references (pages 31-33).
ISBN:	1451903499 9781451903492
ISSN:	2227-8885