U.S. Monetary Shocks and Global Stock Prices /

This paper studies how U.S. monetary policy affects global stock prices. We find that global stock prices respond strongly to changes in U.S. interest rate policy, with stock prices increasing (decreasing) following unexpected monetary loosening (tightening). This impact is more pronounced for secto...

Volledige beschrijving

Bibliografische gegevens
Hoofdauteur: Laeven, Luc
Andere auteurs: Tong, Hui
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 2010.
Reeks:IMF Working Papers; Working Paper ; No. 2010/278
Online toegang:Full text available on IMF