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Humanities and Social Sciences (dawna nazwa: Ekonomia i Nauki Humanistyczne)

Humanities and Social Sciences
(dawna nazwa: Ekonomia i Nauki Humanistyczne)
21 (3/2014), DOI: 10.7862/rz.2014.hss.40

THE INFLUENCE OF CURRENT GLOBAL LIQUIDITY TRENDS ON ECONOMIC STABILITY IN EMERGING COUNTRIES

Karolina ŁATKA, Małgorzata ŁATKA
Submitted by: Justyna Stecko

DOI: 10.7862/rz.2014.hss.40

Abstract

The link between economic and financial conditions in emerging markets and global liquidity is not obvious. The article starts by explaining what global liquidity is and how it is defined in international literature. It then describes how to measure global liquidity and what factors should be taken into consideration in order to obtain reliable results. The next part of the article describes the influence of global stability on emerging markets and the extension of current global liquidity trends onto these markets. The following part is devoted to the role of global liquidity both at the global and regional level. It describes why global liquidity has just an impact on economic stability. Therefore, there are presented the consequences of current global liquidity on emerging markets countries. The article provides the examples in order to better description of the issue.  At the end, the author attempts to answer the question whether the global liquidity poses threat on emerging markets and how the negative consequences of global liquidity trends might be omitted. The main aim of the article is compilation and review of the recent articles concerning the influence of global liquidity on developing countries. 

Full text (pdf)

References

  1. Asian Development Bank DB’s Response to the Global Economic Crisis: An Update.
  2. Assessing the risk of banking crises – revisited, Borio and Drehmann, 2009.
  3. BIS Working Papers, No 402, Understanding Global Liquidity, Sandra Eickmeier, Leonardo Gambacorta and Boris Hofmann, Monetary and Economic Department, February 2013.
  4. CGFS Papers No 45, Global liquidity – concept, measurement and policy implications, Report submitted by an Ad – hoc Group established by the Committee on the Global Financial System, Jean – Pierre Landau, November 2011.
  5. Economics of Emerging Markets,edited by: Lado Beridze, Nova, Science Publisher, New York, 2007, p.48
  6. Foreign Direct Investment in Emerging Market Countries – Report of the Working Group of the Capital Markets Consultative Group (CMCG), September 2003
  7. Global Liquidity: Availability of Funds for Safe and Risky Assets, Akito Matsumoto, International Monetary Fund, 2011
  8. IMF, Balance of Payments statistics 2009 (Emerging Markets)

About this Article

TITLE:
THE INFLUENCE OF CURRENT GLOBAL LIQUIDITY TRENDS ON ECONOMIC STABILITY IN EMERGING COUNTRIES

AUTHORS:
Karolina ŁATKA (1)
Małgorzata ŁATKA (2)

AUTHORS AFFILIATIONS:
(1) Karolina Łatka, KEDGE Business School, campus de Marseille, Groupe KEDGE Business School, Domaine de Luminy
(2) Dr inż. Małgorzata Łatka, Wydział Elektrotechniki i Informatyki, Politechnika Rzeszowska

SUBMITTED BY:
Justyna Stecko

JOURNAL:
Humanities and Social Sciences
21 (3/2014)

KEY WORDS AND PHRASES:
Financial liquidity, emerging markets, economic stability

FULL TEXT:
http://doi.prz.edu.pl/pl/pdf/einh/115

DOI:
10.7862/rz.2014.hss.40

URL:
http://dx.doi.org/10.7862/rz.2014.hss.40

RECEIVED:
2014-03-01

COPYRIGHT:
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