Bank of Korea paper investigates link between liquidity and commodity prices
Financial crisis may have altered relationship
A working paper published on May 19 by the Bank of Korea has found a link between global liquidity and commodity prices.
The paper, Global liquidity and commodity prices, by Hyunju Kang, Bok-Keun Yu and Jongmin Yu, notes commodity prices rebounded quickly after the 2008 financial crisis, much faster than the economic recovery in most countries.
The researchers use a structural vector autoregression to investigate this trend, based on data from January 2004 to April 2014. They find energy and
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