Central bank independence and stock market returns in emerging economies

We investigate the effect of central bank independence on stock market returns in emerging economies. We find evidence for a positive overall effect, but economic independence of the central bank appears to be more relevant than political independence.

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Year of publication:	2012
Authors:	Förch, Thomas ; Sunde, Uwe
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 115.2012, 1, p. 77-80
Publisher:	Elsevier
Subject:	Central bank independence \| Stock market returns \| Emerging Economies

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Type of publication:	Article
Classification:	E5 - Monetary Policy, Central Banking and the Supply of Money and Credit ; G1 - General Financial Markets
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011041824