Search Results - subject:"STOCK PRICES"

Did you mean: subject:"STOCK price" (54,076 results)

Optimal Monetary Policy and Stock-Prices Dynamics in a Non-Ricardian DSGE Model

Nistico', Salvatore - Dipartimento di Economia e Finanza (DEF), Libera … - 2011

In a DSGE model with non-ricardian agents, a' la Blanchard-Yaari, stock-price fluctuations affect the dynamics of aggregate consumption through wealth effects. This wealth effects can be characterized as an additional dynamic distortion with respect to the social planner allocation, related to...

Persistent link: https://www.econbiz.de/10009650231

A Quantitative Assessment of Financial Conditions in Asia

Osorio, Carolina; Unsal, D. Filiz; Pongsaparn, Runchana - International Monetary Fund (IMF) - 2011

We propose a new Financial Condition Index (FCI) for Asian economies based on two different methodologies: a VAR model and a Dynamic Factor Model. The paper shows that this index has predictive power in forecasting GDP growth and may be thus used as a leading indicator. Based on the FCI,...

Persistent link: https://www.econbiz.de/10009203540

Did the Euro Crisis Affect Non-Financial Firm Stock Prices Through a Financial or Trade Channel?

International Monetary Fund (IMF); International … - 2011

This paper analyzes through what channels the euro crisis has affected firm valuations globally. It examines stock price responses over the past year for 3045 non-financial firms in 16 countries to three key crisis events. Using pre-crisis benchmarks, it separates effects arising from changes in...

Persistent link: https://www.econbiz.de/10009327863

Market declines: Is banning short selling the solution?

Battalio, Robert; Mehran, Hamid; Schultz, Paul - Federal Reserve Bank of New York - 2011

stock prices, but significantly increased costs of liquidity. In August 2011, the U.S. market experienced a large decline … recent stock market declines. Furthermore, banning short selling does not appear to prevent stock prices from falling when … when Standard and Poor’s announced a downgrade of U.S. debt. Our cross-sectional tests suggest that the decline in stock …

Persistent link: https://www.econbiz.de/10009358585

Are the Major South Asian Equity Markets Co-Integrated?

Subhani, Muhammad Imtiaz; Hasan, Syed Akif; Mehar, Dr. Ayub - Volkswirtschaftliche Fakultät, … - 2011

. We found the linkage of stock prices of Karachi Stock Exchange with the stock prices of Dhaka stock exchange, while KSE …

Persistent link: https://www.econbiz.de/10009372608

Additions to Market Indices and the Comovement of Stock Returns Around the World

Yafeh, Yishay; Claessens, Stijn - International Monetary Fund (IMF) - 2011

Using newly-constructed data covering the last decade, we document that, in most of forty markets, when added to the main index, firmsâ€™ returns experience an increase in comovement with the rest of the index, reflected in higher beta and greater explanatory power of the market return....

Persistent link: https://www.econbiz.de/10008876599

Oil prices, exchange rates and emerging stock markets

Basher, Syed Abul; Haug, Alfred A.; Sadorsky, Perry - Volkswirtschaftliche Fakultät, … - 2011

market stock prices and 2) the relationship between oil prices and exchange rates, relatively little is known about the … dynamic relationship between oil prices, exchange rates and emerging market stock prices. This paper proposes and estimates a … to oil prices tend to depress emerging market stock prices and US dollar exchange rates in the short run. The model also …

Persistent link: https://www.econbiz.de/10009001163

The expected real return to equity

Warusawitharana, Missaka - Federal Reserve Board (Board of Governors of the … - 2011

The expected return to equity--typically measured as a historical average--is a key variable in the decision making of investors. A recent literature based on analysts forecasts and practitioner surveys finds estimates of expected returns that are sometimes much lower than historical averages....

Persistent link: https://www.econbiz.de/10008872031

The Impact of Monetary Policy on Financial Markets in Small Open Economies: More or Less Effective During the Global Financial Crisis?

Ramayandi, Arief; Pennings, Steven; Tang, Hsiao Chink - Office of Regional Economic Integration, Asian … - 2011

This paper estimates the impact of monetary policy on exchange rates and stock markets for eight small open economies: Australia, Canada, the Republic of Korea, New Zealand, the United Kingdom, Indonesia, Malaysia and Thailand. On average across these countries, a one percentage point surprise...

Persistent link: https://www.econbiz.de/10008799337

The effects of Minsky moment and stock prices on the US Taylor Rule

Paradiso, Antonio; Rao, B. Bhaskara - Volkswirtschaftliche Fakultät, … - 2011

This paper estimates the US Taylor rule for the period 1997 – 2010, with monthly data, a period characterized by two recessions and asset markets turbulences. Its novelties are that, firstly, we follow Weise and Barbera (2009) and include in the Taylor rule credit spreads (a variable which...

Persistent link: https://www.econbiz.de/10008784622