U.S. Monetary Shocks and Global Stock Prices /

This paper studies how U.S. monetary policy affects global stock prices. We find that global stock prices respond strongly to changes in U.S. interest rate policy, with stock prices increasing (decreasing) following unexpected monetary loosening (tightening). This impact is more pronounced for secto...

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Dettagli Bibliografici
Autore principale: Laeven, Luc
Altri autori: Tong, Hui
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2010.
Serie:IMF Working Papers; Working Paper ; No. 2010/278
Accesso online:Full text available on IMF

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