01825cas a2200253 a 4500 AALejournalIMF011217 230101c9999 xx r poo 0 0eng d 5.00 USD 9781462309290 1018-5941 BD-DhAAL BD-DhAAL Bayoumi, Tamim. Unforeseen Events Wait Lurking : Estimating Policy Spillovers From U.S. to Foreign Asset Prices / Tamim Bayoumi, Trung Bui. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (45 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Event studies are used to analyze the impact of U.S. financial, fiscal, and monetary policies from US to foreign asset prices across a range of G20 countries and Switzerland. The initial announcement that the Administration supported tighter regulation of banks led to a generalized fall in advanced economy bank shares compared to local equity markets. For later Dodd-Frank announcements, however, falls in U.S. bank equity prices were accompanied by increases in U.K. and Swiss valuations, implying a potential for regulatory arbitrage. Turning to macro policies, the 2008/9 fiscal and monetary stimulus packages generally supported foreign activity, while the impact of similar stimulus in 2010 is less clear. Mode of access: Internet Bui, Trung. IMF Working Papers; Working Paper ; No. 2011/183 Full text available on IMF http://elibrary.imf.org/view/journals/001/2011/183/001.2011.issue-183-en.xml IMF e-Library