The impact of macroeconomicand systemic factors on the global liquidity Cover Image

Siła oddziaływania czynników makroekonomicznych i systemowych na wielkość globalnej płynności
The impact of macroeconomicand systemic factors on the global liquidity

Author(s): Renata Karkowska
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: global liquidity; banking credit; monetary policy; liquidity risk

Summary/Abstract: The article is to determine the significance of factors affecting the size of the output flow. The author hypothesized the existence of differences in the liquidity of banking sectors of the surveyed countries. This liquidity is driven by different factors. Changes of domestic bank credit to non financial entities to the deposit base were adopted as a ratio of liquidity. Factors determining this value were aggregated into three groups: a) market factors, b) central banks monetary policy influence factors, where there was a change in the supply of money and the basic interest rate of the central bank, c) macro-economic factors (changes in stock market capitalization and GDP). The object of the study is to analyze the impact of these factors on the changes in the size of bank credit in some 19 countries around the world. Due to data availability the study analyses the 10-year period (2002-2012). The results show the differences resulting from the development of a given country.

  • Issue Year: 2013
  • Issue No: 305
  • Page Range: 311-322
  • Page Count: 12
  • Language: Polish