Money, Stock Prices and Central Ban - E-book

eBook

Money, Stock Prices And Central Banks - ENG

A Cointegrated Var Analysis

Marcel Wiedmann

eBook

$3,180.00

Disponible

Información adicional
Sinopsis

ISBN:	9783790826470
Formato:	ePub
Idioma:	Inglés
Editorial:	Springer Nature
Tema:	Negocios y economía
Subtema:	Macroeconomía
Año de publicación:	2011-05-05

This contribution applies the cointegrated vector autoregressive (CVAR) model to analyze the long-run behavior and short-run dynamics of stock markets across five developed and three emerging economies. The main objective is to check whether liquidity conditions play an important role in stock market developments. As an innovation, liquidity conditions enter the analysis from three angles: in the form of a broad monetary aggregate, the interbank overnight rate and net capital flows, which represent the share of global liquidity that arrives in the respective country. A second aim is to understand whether central banks are able to influence the stock market.

eBooks