Money, Stock Prices and Central Banks

Více o knize

The book employs the cointegrated vector autoregressive (CVAR) model to investigate stock market dynamics in five developed and three emerging economies, focusing on the impact of liquidity conditions. It uniquely analyzes liquidity from three perspectives: a broad monetary aggregate, the interbank overnight rate, and net capital flows. Additionally, it explores the effectiveness of central banks in influencing stock market behavior, providing insights into the interplay between liquidity and market developments.