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 Innovation Networks by Marcel Wiedmann
Cover of the book Locational Preferences of Entrepreneurs by Marcel Wiedmann
Cover of the book Complexity and Industrial Clusters by Marcel Wiedmann
Cover of the book Transformations in Hungary by Marcel Wiedmann
Cover of the book Supply Chain and Logistics in National, International and Governmental Environment by Marcel Wiedmann
Cover of the book Corporate Foresight by Marcel Wiedmann
Cover of the book Systemic Transformation, Trade and Economic Growth by Marcel Wiedmann
Cover of the book Tourism Economics by Marcel Wiedmann
Cover of the book Lead Markets by Marcel Wiedmann
Cover of the book Balkan and Eastern European Countries in the Midst of the Global Economic Crisis by Marcel Wiedmann
Cover of the book Asymmetric Economic Integration by Marcel Wiedmann
Cover of the book Flexible Mechanisms for an Efficient Climate Policy by Marcel Wiedmann
Cover of the book International Trade, Wage Inequality and the Developing Economy by Marcel Wiedmann
Cover of the book Unemployment Dynamics in the United States and West Germany by Marcel Wiedmann
Cover of the book Economic Growth in the Regions of Europe 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