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:
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

MARC

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650 0 |a International finance  |v Econometric models  |z Group of Seven countries. 
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650 0 |a Liquidity (Economics)  |x Econometric models. 
650 6 |a Finances internationales  |x Modèles économétriques. 
650 6 |a Liquidité (Économie politique)  |x Modèles économétriques. 
650 6 |a Taux de rendement  |z Pays du Groupe des Sept  |x Modèles économétriques. 
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