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

• المؤلفون الرئيسيون: De la Vega, Marti, Reyes, Rossvern
• التنسيق: text
• اللغة: English
• منشور في: Animo Repository 2008
• الموضوعات: Stocks > Philippines; Money supply > Philippines; Rate of return > Philippines; Interest rates > Effect of inflation on > Philippines
• الوصول للمادة أونلاين: https://animorepository.dlsu.edu.ph/etd_bachelors/17478

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...