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vagabonding global liquidity, there is a strong case for globally coordinating monetary exit strategies. Given unsurmountable …
Persistent link: https://www.econbiz.de/10003958646
vagabonding global liquidity, there is a strong case for globally coordinating monetary exit strategies. Given unsurmountable …
Persistent link: https://www.econbiz.de/10003961040
A series of crises and emergency interest rate cuts has brought global interest rates towards zero and government debt to historical records. The paper discusses the exit options from unconventional monetary policies and unsustainable government debt. First, the paper sheds light on the...
Persistent link: https://www.econbiz.de/10008748343
drivers of asset prices are global liquidity conditions. Central banks flooded the markets with ample liquidity. Mopping up … this excess liquidity will be one major task for central banks worldwide, which needs to be done in a coordinated fashion …. Moreover, our analysis has shown that liquidity will first show up in asset price inflation and only later in consumer goods …
Persistent link: https://www.econbiz.de/10003934687
Die US-Zentralbank hat begonnen, mit ihrem Quantitative Easing 2 (QE2) die Märkte mit Liquidität zu überschwemmen. Betroffen sind nicht allein die USA, sondern vor allem Länder, die ihre Währung an den US-Dollar gebunden haben. Aber auch flexible Wechselkurse bieten nur geringen Schutz vor...
Persistent link: https://www.econbiz.de/10009666261
Persistent link: https://www.econbiz.de/10008841065
A series of crisis and emergency interest rate cuts has brought global interest rates towards zero and government debt to historical records. The paper discusses the exit options from unconventional monetary policies and unsustainable government debt. First, the paper sheds light on the...
Persistent link: https://www.econbiz.de/10008855893
Persistent link: https://www.econbiz.de/10009406311
Persistent link: https://www.econbiz.de/10008779335