Series: IMF Working Papers
Author(s): L. Psalida , and Tao Sun
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2011
Keywords: liquidity expansion, asset valuations, global liquidity, capital inflows, equity returns, excess liquidity, Financial Markets and the Macroeconomy, Monetary Policy, Central Banking, and the Supply of Money and Credit: Other
The resumption of strong capital flows into emerging markets in mid-2009 brought back the debate over whether pull or push factors are the main determinants. This paper, using panel specifications with alternative...