Global Liquidity through the Lens of Monetary Aggregates:
This paper examines how the financial activities of non-financial corporates (NFCs) in international markets potentially affects domestic monetary aggregates and financial conditions. Monetary aggregates reflect, in part, the activities of NFCs, who channel capital market financing into the domestic...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2014
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Schriftenreihe: | IMF Working Papers
Working Paper No. 14/9 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper examines how the financial activities of non-financial corporates (NFCs) in international markets potentially affects domestic monetary aggregates and financial conditions. Monetary aggregates reflect, in part, the activities of NFCs, who channel capital market financing into the domestic banking system, thereby influencing funding conditions and credit availability. Periods of capital inflows are also those when the domestic currency is appreciating, and such periods of rapid exchange rate appreciation coincide with increases in the central bank's foreign exchange reserves, increasing the stock of narrow money. The paper examines economic significance of cross-country panel data on monetary aggregates and other measures of non-core bank liabilities. Non-core liabilities that reflect the activities of NFCs reflect broad credit conditions and predict global trade and growth |
Beschreibung: | 1 Online-Ressource (49 p) |
ISBN: | 1475514557 9781475514551 |
Internformat
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illustrated | Not Illustrated |
index_date | 2024-07-03T20:13:13Z |
indexdate | 2024-07-10T09:35:20Z |
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language | English |
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record_format | marc |
series2 | IMF Working Papers |
spelling | Chung, Kyuil Verfasser aut Global Liquidity through the Lens of Monetary Aggregates Chung, Kyuil Washington, D.C International Monetary Fund 2014 1 Online-Ressource (49 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 14/9 This paper examines how the financial activities of non-financial corporates (NFCs) in international markets potentially affects domestic monetary aggregates and financial conditions. Monetary aggregates reflect, in part, the activities of NFCs, who channel capital market financing into the domestic banking system, thereby influencing funding conditions and credit availability. Periods of capital inflows are also those when the domestic currency is appreciating, and such periods of rapid exchange rate appreciation coincide with increases in the central bank's foreign exchange reserves, increasing the stock of narrow money. The paper examines economic significance of cross-country panel data on monetary aggregates and other measures of non-core bank liabilities. Non-core liabilities that reflect the activities of NFCs reflect broad credit conditions and predict global trade and growth Online-Ausg Lee, Jong-Eun Sonstige oth Loukoianova, Elena Sonstige oth Park, Hail Sonstige oth Shin, Hyun Song Sonstige oth http://elibrary.imf.org/view/IMF001/21103-9781475514551/21103-9781475514551/21103-9781475514551.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Chung, Kyuil Global Liquidity through the Lens of Monetary Aggregates |
title | Global Liquidity through the Lens of Monetary Aggregates |
title_auth | Global Liquidity through the Lens of Monetary Aggregates |
title_exact_search | Global Liquidity through the Lens of Monetary Aggregates |
title_exact_search_txtP | Global Liquidity through the Lens of Monetary Aggregates |
title_full | Global Liquidity through the Lens of Monetary Aggregates Chung, Kyuil |
title_fullStr | Global Liquidity through the Lens of Monetary Aggregates Chung, Kyuil |
title_full_unstemmed | Global Liquidity through the Lens of Monetary Aggregates Chung, Kyuil |
title_short | Global Liquidity through the Lens of Monetary Aggregates |
title_sort | global liquidity through the lens of monetary aggregates |
url | http://elibrary.imf.org/view/IMF001/21103-9781475514551/21103-9781475514551/21103-9781475514551.xml |
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