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Global Liquidity - Dr. Ed Yardeni's Economics Network

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International Reserves & World Exports24.118.112.1Figure 3.WORLD EXPORTS vs NON-GOLD INTERNATIONAL RESERVES(trillion dollars, ratio scale)MayMay24.118.112.16.16.1World Exports(12-month sum)Non-GoldInternational Reserves.175 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17Source: International Monetary Fund (IMF).yardeni.com.160Figure 4.WORLD EXPORTS vs NON-GOLD INTERNATIONAL RESERVES(yearly percent change)60404020200May0-20Value of World Exports*Non-GoldInternational Reserves-20-40yardeni.com75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17-40* Yearly percent change in 12-month average.Source: International Monetary Fund (IMF).Page 2 / July 31, 2014 / <strong>Global</strong> Economic Briefing: <strong>Global</strong> <strong>Liquidity</strong>Yardeni Research, Inc.www.yardeni.com

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