Money, Stock Prices and Central Banks

A Cointegrated VAR Analysis

Business & Finance, Economics, Macroeconomics, Finance & Investing, Finance
Cover of the book Money, Stock Prices and Central Banks by Marcel Wiedmann, Physica-Verlag HD
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Marcel Wiedmann ISBN: 9783790826470
Publisher: Physica-Verlag HD Publication: May 5, 2011
Imprint: Physica Language: English
Author: Marcel Wiedmann
ISBN: 9783790826470
Publisher: Physica-Verlag HD
Publication: May 5, 2011
Imprint: Physica
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from Physica-Verlag HD

Cover of the book Paid and Unpaid Labour in the Social Economy by Marcel Wiedmann
Cover of the book The Labour Market Impact of the EU Enlargement by Marcel Wiedmann
Cover of the book Social Costs and Sustainable Mobility by Marcel Wiedmann
Cover of the book Lead Markets by Marcel Wiedmann
Cover of the book Freight Forwarder's Intermediary Role in Multimodal Transport Chains by Marcel Wiedmann
Cover of the book The Reasons for Underdevelopment by Marcel Wiedmann
Cover of the book Quality Uncertainty and Perception by Marcel Wiedmann
Cover of the book Industrial Research Performance Management by Marcel Wiedmann
Cover of the book The Impact of Asian Powers on Global Developments by Marcel Wiedmann
Cover of the book The Dynamics of Emerging Stock Markets by Marcel Wiedmann
Cover of the book Statistical Methods for the Evaluation of University Systems by Marcel Wiedmann
Cover of the book Quantitative Methods in Tourism Economics by Marcel Wiedmann
Cover of the book Reputation Transfer to Enter New B-to-B Markets by Marcel Wiedmann
Cover of the book Facility Location by Marcel Wiedmann
Cover of the book Tourism Economics by Marcel Wiedmann
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy