Unité mixte de recherche 7235

Spillover effects of global liquidity’s expansion on emerging countries: evidences from a Panel VAR approach

Nady Rapelanoro

[en]The attention for the global liquidity concept has grown over the recent years insofar as its dramatic increase is considered among regulators and economists as one of the possible determinants of the last global financial crisis. Although global liquidity remains without a generally accepted definition in the literature, the destabilizing effects of its expansion are widely studied, especially for the advanced economies. However, empirical studies regarding the consequences in the emerging countries are scarcer and this paper is related to this topic. We rely on a Panel VAR approach to investigate those effects on emerging economies and we find that the consequences are in line with the results of the literature on advanced countries. Nevertheless, contrary to previous empirical studies, we find that the choice of the exchange rate regimes is not important, as the exchange rate regime does not fully isolate the countries from a surge of global liquidity in the issuing countries.[/en]

AGENDA

jeudi 8 juin 2023

Doctorants

Sahil Chopra (Université Sorbonne Paris-Nord)

Economics of litigation : Securities class action with third-party funding

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Law, Institutions and Economics in Nanterre (LIEN)

Arthur Silve (IAST / Univ. Laval)

TBA

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lundi 19 juin 2023

Law, Institutions and Economics in Nanterre (LIEN)

Juan Mora-Sanguinetti (Banco de Espana)

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mardi 20 juin 2023

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jeudi 22 juin 2023

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Jules Chaperon

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vendredi 1 septembre 2023

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Ken Yahagi

lundi 18 septembre 2023

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L’économie de la régulation entre intérêt public et intérêts privés : capture, conflits d’intérêts et revolving doors

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