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An Analysis of Mechanism of Excess Liquidity

Wen Kui Li Xueyan  
Excess liquidity is a newly emerging phenomenon in the world economic evolution.However,scholars both at home and abroad are divided on the definition of liquidity and excess liquidity.Since the excess liquidity,an economic term, suggests about the state of the global economy,the rational core of liquidity should be coherent.Only by figuring out liquidity and excess liquidity,can we do further research on the latter.In an effort to have some useful discussion on in-depth research into excess liquidity,based on Keynes's understanding of liquidity,this paper establishes a theoretical framework of excess liquidity and presents the criterion and precondition of it.
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