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

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

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

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Bibliographic Details
Main Authors: Pennings, Steven, Ramayandi, Arief, Tang, Hsiao Chink
Format: Journal Article
Language:en_US
Published: Elsevier 2016
Subjects:
monetary policy
exchange rates
stock prices
economic crisis
Asian economies
Online Access:http://hdl.handle.net/10986/23554

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