Author/Editor: Kyuil Chung, Jong-Eun Lee, Elena Loukoianova, Hail Park, Hyun Song Shin.

Release Date:January, 2014

This paper examines how the financial activities of non-financial corporates (NFCs) in international markets potentially affects domestic monetary aggregates and financial conditions. Monetary more...

Author/Editor: Luca Errico, Artak Harutyunyan, Elena Loukoianova, Richard Walton, Yevgeniya Korniyenko, Goran Amidžic, Hanan AbuShanab, Hyun Song Shin.

Release Date:January, 2014

This paper presents an approach to understanding the shadow banking system in the United States using a new Global Flow of Funds (GFF) conceptual framework developed by the IMF’s Statistics more...

Author/Editor: Hyun Song Shin.

Release Date:December, 2013

This paper compares three types of early warning indicators of financial instability – those based on financial market prices, those based on normalized measures of total credit and those based on more...

Author/Editor: Sally Chen, Philip Liu, Andrea M Maechler, Chris Marsh, Sergejs Saksonovs, Hyun S Shin.

Release Date:October, 2012

This paper explores the concept of global liquidity, its measurement and macro-financial importance. We construct two sets of indicators for global liquidity: a quantity series distinguishing between more...