Global Liquidity Expansion and Its Effects on the Capital Market
选取1980年第一季度至2009年第四季度33个国家或地区的数据，测算全球流动性指数，实证分析全球流动性扩张对资本市场的影响，并给出政策启示。
Recently global liquidity expansion has become a hot topic in the field of international macroeconomics and finance.This paper selects the data of 33 countries or regions ranging from the first quarter of 1980 to the fourth quarter of 2009,and gauges the global liquidity index,and then gives an empirical analysis on the effect of the global liquidity expansion on the capital market Finally,based on the empirical research some implications are given to the policy.