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This paper examines how the financial activities of non-financial corporates (NFCs) in international markets potentially affects domestic monetary aggregates an

This paper examines how the financial activities of non-financial corporates (NFCs) in international markets potentially affects domestic monetary aggregates an

The paper starts by presenting evidence of commonality in global financial conditions. This commonality is then related to specific drivers of global financial

This paper provides a definition of global liquidity consistent with its meaning as the “ease of financing” in international financial markets. Using a long