Understanding global liquidity:
We explore the concept of global liquidity based on a factor model estimated using a large set of financial and macroeconomic variables from 24 advanced and emerging market economies. We measure global liquidity conditions based on the common global factors in the dynamics of liquidity indicators. B...
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
[Basel]
Bank for Internat. Settlements
2013
|
| Schriftenreihe: | BIS working papers
402 |
| Zusammenfassung: | We explore the concept of global liquidity based on a factor model estimated using a large set of financial and macroeconomic variables from 24 advanced and emerging market economies. We measure global liquidity conditions based on the common global factors in the dynamics of liquidity indicators. By imposing theoretically motivated sign restrictions on factor loadings, we achieve a structural identification of the factors. The results suggest that global liquidity conditions are largely driven by three common factors and can therefore not be summarised by a single indicator. These three factors can be identified as global monetary policy, global credit supply and global credit demand. |
| Beschreibung: | Parallel als Online-Ausg. erschienen |
| Beschreibung: | 30 S. graph. Darst. 30 cm |
Internformat
MARC
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| 100 | 1 | |a Eickmeier, Sandra |e Verfasser |0 (DE-588)129194581 |4 aut | |
| 245 | 1 | 0 | |a Understanding global liquidity |c by Sandra Eickmeier, Leonardo Gambacorta and Boris Hofmann |
| 264 | 1 | |a [Basel] |b Bank for Internat. Settlements |c 2013 | |
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| 490 | 1 | |a BIS working papers |v 402 | |
| 500 | |a Parallel als Online-Ausg. erschienen | ||
| 520 | 8 | |a We explore the concept of global liquidity based on a factor model estimated using a large set of financial and macroeconomic variables from 24 advanced and emerging market economies. We measure global liquidity conditions based on the common global factors in the dynamics of liquidity indicators. By imposing theoretically motivated sign restrictions on factor loadings, we achieve a structural identification of the factors. The results suggest that global liquidity conditions are largely driven by three common factors and can therefore not be summarised by a single indicator. These three factors can be identified as global monetary policy, global credit supply and global credit demand. | |
| 700 | 1 | |a Gambacorta, Leonardo |e Verfasser |0 (DE-588)171332520 |4 aut | |
| 700 | 1 | |a Hofmann, Boris |d 1972- |e Verfasser |0 (DE-588)123535794 |4 aut | |
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Datensatz im Suchindex
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| author_facet | Eickmeier, Sandra Gambacorta, Leonardo Hofmann, Boris 1972- |
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| id | DE-604.BV041218997 |
| illustrated | Illustrated |
| indexdate | 2024-07-10T00:42:22Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-026193600 |
| oclc_num | 827364514 |
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| physical | 30 S. graph. Darst. 30 cm |
| publishDate | 2013 |
| publishDateSearch | 2013 |
| publishDateSort | 2013 |
| publisher | Bank for Internat. Settlements |
| record_format | marc |
| series | BIS working papers |
| series2 | BIS working papers |
| spelling | Eickmeier, Sandra Verfasser (DE-588)129194581 aut Understanding global liquidity by Sandra Eickmeier, Leonardo Gambacorta and Boris Hofmann [Basel] Bank for Internat. Settlements 2013 30 S. graph. Darst. 30 cm txt rdacontent n rdamedia nc rdacarrier BIS working papers 402 Parallel als Online-Ausg. erschienen We explore the concept of global liquidity based on a factor model estimated using a large set of financial and macroeconomic variables from 24 advanced and emerging market economies. We measure global liquidity conditions based on the common global factors in the dynamics of liquidity indicators. By imposing theoretically motivated sign restrictions on factor loadings, we achieve a structural identification of the factors. The results suggest that global liquidity conditions are largely driven by three common factors and can therefore not be summarised by a single indicator. These three factors can be identified as global monetary policy, global credit supply and global credit demand. Gambacorta, Leonardo Verfasser (DE-588)171332520 aut Hofmann, Boris 1972- Verfasser (DE-588)123535794 aut BIS working papers 402 (DE-604)BV005629122 402 |
| spellingShingle | Eickmeier, Sandra Gambacorta, Leonardo Hofmann, Boris 1972- Understanding global liquidity BIS working papers |
| title | Understanding global liquidity |
| title_auth | Understanding global liquidity |
| title_exact_search | Understanding global liquidity |
| title_full | Understanding global liquidity by Sandra Eickmeier, Leonardo Gambacorta and Boris Hofmann |
| title_fullStr | Understanding global liquidity by Sandra Eickmeier, Leonardo Gambacorta and Boris Hofmann |
| title_full_unstemmed | Understanding global liquidity by Sandra Eickmeier, Leonardo Gambacorta and Boris Hofmann |
| title_short | Understanding global liquidity |
| title_sort | understanding global liquidity |
| volume_link | (DE-604)BV005629122 |
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