Money, Stock Prices and Central Banks [recurso electrónico] : A Cointegrated VAR Analysis / by Marcel Wiedmann.
Tipo de material:
TextoSeries Contributions to EconomicsEditor: Heidelberg : Physica-Verlag HD : Imprint: Physica, 2011Descripción: XXXVI, 460 p. online resourceTipo de contenido: text Tipo de medio: computer Tipo de portador: online resourceISBN: 9783790826470Tema(s): Economics | Econometrics | Economic policy | Macroeconomics | Economics/Management Science | Macroeconomics/Monetary Economics | Finance/Investment/Banking | Econometrics | Economic PolicyFormatos físicos adicionales: Printed edition:: Sin títuloClasificación CDD: 339 Clasificación LoC:HB172.5Recursos en línea: Libro electrónico
En: Springer eBooksResumen: 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.
| Tipo de ítem | Biblioteca actual | Colección | Signatura | Copia número | Estado | Fecha de vencimiento | Código de barras |
|---|---|---|---|---|---|---|---|
| Libro Electrónico | Biblioteca Electrónica | Colección de Libros Electrónicos | HB172.5 (Browse shelf(Abre debajo)) | 1 | No para préstamo | 377066-2001 |
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| HB172.5 Housing Markets in Europe | HB172.5 Dynamic Policy Interactions in a Monetary Union | HB172.5 The Yield Curve and Financial Risk Premia | HB172.5 Money, Stock Prices and Central Banks | HB172.5 Macroeconomics from the Bottom-up | HB178.5 Macroeconomía / | HB501 .M3613 2010 El capital : |
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.
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