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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Bibliographic Details
Main Author: SEQUEIRA, John M.
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2021
Subjects:
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