Hayo, Bernd; Kutan, Ali M.; Neuenkirch, Matthias - Volkswirtschaft Abteilung, Fachbereich … - 2009
Work on the impact of U.S. monetary policy on emerging financial markets mostly focuses on official federal funds rate … the effects of U.S. monetary policy on 17 emerging equity market returns over the period 1998–2009. We find, first, that … both monetary policy actions and communications have a significant impact on market returns. Second, target rate change …