Monetary policy surprises, stock returns, and financial and liquidity constraints, in an exchange rate monetary policy system
This study examines the impact of monetary policy surprises on the stock price behaviour of a small developed economy, whose monetary policy is based on the exchange rate. We find that monetary policy surprises associated with all contractionary policy levers and a neutral policy lever, have a consi...
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Format: | text |
Language: | English |
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Institutional Knowledge at Singapore Management University
2021
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Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/6731 https://ink.library.smu.edu.sg/context/lkcsb_research/article/7730/viewcontent/Monetary_policy_surprises_av.pdf |
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Institution: | Singapore Management University |
Language: | English |