Assessing Global Liquidity

15 Pages Posted: 7 Sep 2012

See all articles by Dietrich Domanski

Dietrich Domanski

Bank for International Settlements (BIS)

Ingo Fender

Bank for International Settlements (BIS)

Patrick McGuire

Bank for International Settlements (BIS)

Date Written: December 12, 2011

Abstract

Global liquidity has become a key focus of international policy debates, yet the term continues to be used in a variety of ways. This lack of precision can lead to potentially undesirable policy responses. In this feature, we attempt to clarify the concept of global liquidity, its measurement and policy implications. We argue that policy responses to global liquidity call for a consistent framework that takes into account all phases of global liquidity cycles, countering both surges and shortages.

JEL Classification: E50, F30, G15

Suggested Citation

Domanski, Dietrich and Fender, Ingo and McGuire, Patrick M., Assessing Global Liquidity (December 12, 2011). BIS Quarterly Review, December 2011. Available at SSRN: https://ssrn.com/abstract=1971208

Dietrich Domanski (Contact Author)

Bank for International Settlements (BIS) ( email )

Centralbahnplatz 2
Basel, Basel-Stadt 4002
Switzerland

Ingo Fender

Bank for International Settlements (BIS) ( email )

Centralbahnplatz 2
CH-4002 Basel
Switzerland

HOME PAGE: http://www.bis.org

Patrick M. McGuire

Bank for International Settlements (BIS) ( email )

CH-4002 Basel, Basel-Stadt
Switzerland

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