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The Second Phase of Global Liquidity and Its Impact on Emerging Economies

In: Volatile Capital Flows in Korea

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  • Hyun Song Shin

Abstract

The term “global liquidity” is often invoked by emerging market policymakers to denote the global factor that drives cross-border spillovers in financial conditions and credit growth. The term is often used in connection with monetary policy spillovers from advanced economies.

Suggested Citation

  • Hyun Song Shin, 2014. "The Second Phase of Global Liquidity and Its Impact on Emerging Economies," Palgrave Macmillan Books, in: Kyuil Chung & Soyoung Kim & Hail Park & Changho Choi & Hyun Song Shin (ed.), Volatile Capital Flows in Korea, chapter 10, pages 247-257, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-36876-8_10
    DOI: 10.1057/9781137368768_10
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    References listed on IDEAS

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    1. Valentina Bruno & Hyun Song Shin, 2013. "Capital Flows, Cross-Border Banking and Global Liquidity," NBER Working Papers 19038, National Bureau of Economic Research, Inc.
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