Money supply announcements and stock prices : the UK evidence
Part of : Σπουδαί : journal of economics and business ; Vol.41, No.4, 1991, pages 408-419
Issue:
Pages:
408-419
Abstract:
The question of monetary policy and specifically of money supply changes on asset prices have been well researched on both sides of the Atlantic. Money supply announcements provide us with a unique opportunity to study the above by avoiding the problem of endogeneity. UK data are used to investigate the effects of money supply announcements on stock returns. It is found that unexpected changes in the money supply have a significant effect on asset prices. These results are in accordance with the results obtaines by using American data.
Subject (LC):
Notes:
Περιέχει πίνακες, σημειώσεις και βιβλιογραφία
