Supply-Push: The Western-Induced Endogenous Generation and Proliferation of Liquidity

Abstract

In the international context, the changing conditions of financial markets from 1980 onwards can be characterised by the increasingly dominant role of institutional investors, the spread of innovative financial instruments and techniques, a remarkable growth of securitised forms of lending and a much faster paced network of information, technology and communications. All these factors became increasingly present against a policy background of liberalisation and growing integration of different economies, institutions and market segments.