01843cas a2200241 a 4500 AALejournalIMF020635 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498343657 2663-3493 BD-DhAAL BD-DhAAL International Monetary Fund. Global Liquidity : Issues for Surveillance. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (62 pages) Policy Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The paper starts by presenting evidence of commonality in global financial conditions. This commonality is then related to specific drivers of global financial conditions through a range of transmission channels, including cross-border banking and portfolio flows. Empirical analysis shows a range of price and quantity factors, including measures of risk, bank leverage, and interest rates in financial centers, to drive in part these flows. Country specific policies, including exchange rate and prudential frameworks, are shown to affect the transmission of global conditions. Much remains unknown though, including how evolving structures of global funding, changing institutions, and ongoing financial innovations affect the mechanics of liquidity creation, the channels of liquidity transmission, and potential risks going forward. Mode of access: Internet Policy Papers; Policy Paper ; No. 2014/086 Full text available on IMF http://elibrary.imf.org/view/journals/007/2014/086/007.2014.issue-086-en.xml IMF e-Library