Business & Economics Books:

Money, Stock Prices and Central Banks

A Cointegrated VAR Analysis
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$454.00
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Description

This contribution applies the cointegrated vector autoregressive (CVAR) model to analyze the long-run behavior and short-run dynamics of stock markets across five developed and three emerging economies. The main objective is to check whether liquidity conditions play an important role in stock market developments. As an innovation, liquidity conditions enter the analysis from three angles: in the form of a broad monetary aggregate, the interbank overnight rate and net capital flows, which represent the share of global liquidity that arrives in the respective country. A second aim is to understand whether central banks are able to influence the stock market.
Release date NZ
July 14th, 2013
Audience
  • Professional & Vocational
Illustrations
XXXVI, 460 p.
Pages
460
Dimensions
156x234x25
ISBN-13
9783790828320
Product ID
21466969

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