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...
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| Format: | Czasopismo |
| Język: | English |
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Washington, D.C. :
International Monetary Fund,
2010.
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| Seria: | IMF Working Papers; Working Paper ;
No. 2010/278 |
| Dostęp online: | Full text available on IMF |