The asymmetric response of stock returns to changes in money supply and key policy interest rates: Evidence from the Philippine financial sector stock index for the period of 2003-2007
This study aimed to determine if changes in key policy interest rates and growth of money aggregates have asymmetric effects on stock returns during bear and bull markets using Markov Switching models. Evidence from the stock market index from 2003 to 2007 for the financial sector in the PSE showed...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Animo Repository
2008
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| Subjects: | |
| Online Access: | https://animorepository.dlsu.edu.ph/etd_bachelors/17478 |
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| Institution: | De La Salle University |
| Language: | English |