Policy WP 09-2019 on Global Liquidity

Global Liquidity – Christian Ghymers

In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.” R. Dornbusch

This note is a contribution to the RTI Working Party on “Managing global liquidity as a global public good”. The factual observations and policy recommendations it combines constitute an input to the collegial research of the Working Group; One of the key objectives of this contribution is to make policymakers more aware that global liquidity remains insufficiently perceived as a public good which generates important externalities mostly escaping to national policy actions.

Policy WP September 2019 on Global Liquidity IRELAC