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 do...

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1. Verfasser: Chung, Kyuil (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: [Washington, D.C.] : International Monetary Fund, ©2014.
Schriftenreihe:IMF working paper ; WP/14/9.
Schlagworte:
Online-Zugang: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"--Abstract
Beschreibung:At head of title: Statistics Department.
"January 2014."
Beschreibung:1 online resource (49 pages)
Bibliographie:Includes bibliographical references.
ISBN:9781475514551
1475514557
9781484383339
1484383338
9781484383704
1484383702

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