Beckmann, Joscha; Belke, Ansgar; Czudaj, Robert - In: Journal of Banking & Finance 48 (2014) C, pp. 224-234
movements in global commodity prices. In this vein, we contribute to the rich literature on global liquidity in two different …. Having identified the long-run structure which includes a proportional relationship between commodity prices and global … liquidity in the first step, our results indeed show that the impact of a global liquidity measure on different commodity prices …