A Primer on 'Global Liquidity

Author:Eugenio Cerutti - Stijn Claessens - Lev Ratnovski
Pages:1-4
SUMMARY

Global liquidity" is often used to describe the impact of low U.S. and euro area interest rates on the rest of the world. The concept is critical for understanding the global financial cycle and international spillovers. This column defines global liquidity as the ease of financing in cross-border markets and points to its potential drivers. To limit their exposures to global liquidity... (see full summary)


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