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...

Полное описание

Библиографические подробности
Главный автор: Laeven, Luc
Другие авторы: Tong, Hui
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2010.
Серии:IMF Working Papers; Working Paper ; No. 2010/278
Online-ссылка:Full text available on IMF

Схожие документы