Global liquidity effect of quantitative easing on emerging markets

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dc.authorid0000-0002-4967-0609en_US
dc.contributor.authorBalcılar, Mehmet
dc.contributor.authorUsman, Ojonugwa
dc.contributor.authorWohar, Mark
dc.contributor.authorRoubaud, David
dc.contributor.authorGüngör, Hasan
dc.date.accessioned2024-06-24T06:59:15Z
dc.date.available2024-06-24T06:59:15Z
dc.date.issued2024en_US
dc.departmentFakülteler, İşletme Fakültesi, İktisat Bölümüen_US
dc.description.abstractUsing a panel quantile vector autoregression model, we investigate the global liquidity effect of quantitative easing (QE) in the US on emerging markets (EMs) over the period 2010:Q1 to 2019:Q3. Our empirical result suggests that tapering of QE in the US triggers a large capital outflow from the EMs. In addition, we find a significant asymmetric effect of QE on portfolio investment flows to EMs with a stronger effect in the higher quantiles. The implication of these findings is that tapering the large-scale asset purchases and other instruments of unconventional monetary policy have a larger effect on EMs.en_US
dc.identifier.doi10.1007/s00181-024-02625-9en_US
dc.identifier.scopus2-s2.0-85195647059en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.urihttps://hdl.handle.net/11467/7303
dc.identifier.urihttps://doi.org/10.1007/s00181-024-02625-9
dc.identifier.wosWOS:001243847100001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherSpringer Science and Business Media Deutschland GmbHen_US
dc.relation.ispartofEmpirical Economicsen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/embargoedAccessen_US
dc.subjectUnconventional monetary policy, Quantitative easing, Global liquidity effect, Emerging marketsen_US
dc.titleGlobal liquidity effect of quantitative easing on emerging marketsen_US
dc.typeArticleen_US

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