European Monetary Policy Surprises: TheAggregate and Sectoral Stock Market Response

In this paper we investigate the stock market response to international monetary policychanges in the UK and Germany. Specifically, we analyse the impact of (un)expectedchanges in UK and German/Euro area policy rates on UK and German aggregate andsectoral equity returns in an event study. The decomposition of (un)expected changesin policy rates are based on futures markets....

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Year of publication:	2006-10-20
Authors:	Bredin, Don ; Hyde, Stuart ; Nitzsche, Dirk ; O’Reilly, Gerard
Institutions:	Manchester Business School
Subject:	Aktienrendite \| Internationaler Aktienmarkt \| Geldpolitik \| Zinsänderung \| interest change

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Extent:	269312 bytes 29 p. application/pdf
Series:	Manchester Business School - Research - Working Papers No. 493(2007)
Type of publication:	Book / Working Paper
Language:	English
Classification:	E4 - Money and Interest Rates ; G1 - General Financial Markets ; Financial theory ; Procurement of capital ; Individual Working Papers, Preprints ; GERMANY ; United Kingdom
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005870158