Global Liquidity, Risk Premiums and Growth Opportunities

Global Liquidity, Risk Premiums and Growth Opportunities
This paper constructs new indicators of liquidity for equity, bond and money markets in major advanced and emerging market countries, documents their evolution and comovements, and assesses the extent to which such measures are determinants of selected spreads and proxy measures of countries' growth opportunities. Three main results obtain.... READ MORE...

Publication date: March 2009
ISBN 9781451872002
$18.00

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