Effectiveness of monetary policies in OECD countries
In this study, it was analysed whether monetary policies have an effect on stock price index in 13 OECD countries (Australia, Canada, Denmark, Iceland, Japan, Korea, New Zealand, Norway, Poland, Sweden, Switzerland, the United Kingdom and the United States) with High Income Level for the period afte...
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General Association of Economists from Romania
2016
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ftdoajarticles:oai:doaj.org/article:710ced3f42d549eb91950184dbe577c5 2023-05-15T16:49:31+02:00 Effectiveness of monetary policies in OECD countries Ahmet UGUR Canan SANCAR Yusuf Ekrem AKBAŞ 2016-12-01T00:00:00Z https://doaj.org/article/710ced3f42d549eb91950184dbe577c5 EN eng General Association of Economists from Romania http://store.ectap.ro/articole/1225.pdf https://doaj.org/toc/1841-8678 https://doaj.org/toc/1844-0029 1841-8678 1844-0029 https://doaj.org/article/710ced3f42d549eb91950184dbe577c5 Theoretical and Applied Economics, Vol XXIII, Iss 4, Pp 75-88 (2016) stock price index short term interest rates interbank interest rates m1 money supply m3 money supply dynamic panel data models Business HF5001-6182 Economic theory. Demography HB1-3840 Economics as a science HB71-74 article 2016 ftdoajarticles 2022-12-31T12:09:27Z In this study, it was analysed whether monetary policies have an effect on stock price index in 13 OECD countries (Australia, Canada, Denmark, Iceland, Japan, Korea, New Zealand, Norway, Poland, Sweden, Switzerland, the United Kingdom and the United States) with High Income Level for the period after 2008 financial crisis (2010-2013). In the analysis results, it was determined that there is a unidirectional relationship from short term interest rates and M1 money supply towards stock price indexes; and a unidirectional relationship from stock price index towards interbank interest rates and M3 money supply. In this respect, it was concluded that effectiveness of monetary policies in 13 OECD countries with high-income level are weak after 2008 financial crisis. Article in Journal/Newspaper Iceland Directory of Open Access Journals: DOAJ Articles Canada Norway New Zealand |
institution |
Open Polar |
collection |
Directory of Open Access Journals: DOAJ Articles |
op_collection_id |
ftdoajarticles |
language |
English |
topic |
stock price index short term interest rates interbank interest rates m1 money supply m3 money supply dynamic panel data models Business HF5001-6182 Economic theory. Demography HB1-3840 Economics as a science HB71-74 |
spellingShingle |
stock price index short term interest rates interbank interest rates m1 money supply m3 money supply dynamic panel data models Business HF5001-6182 Economic theory. Demography HB1-3840 Economics as a science HB71-74 Ahmet UGUR Canan SANCAR Yusuf Ekrem AKBAŞ Effectiveness of monetary policies in OECD countries |
topic_facet |
stock price index short term interest rates interbank interest rates m1 money supply m3 money supply dynamic panel data models Business HF5001-6182 Economic theory. Demography HB1-3840 Economics as a science HB71-74 |
description |
In this study, it was analysed whether monetary policies have an effect on stock price index in 13 OECD countries (Australia, Canada, Denmark, Iceland, Japan, Korea, New Zealand, Norway, Poland, Sweden, Switzerland, the United Kingdom and the United States) with High Income Level for the period after 2008 financial crisis (2010-2013). In the analysis results, it was determined that there is a unidirectional relationship from short term interest rates and M1 money supply towards stock price indexes; and a unidirectional relationship from stock price index towards interbank interest rates and M3 money supply. In this respect, it was concluded that effectiveness of monetary policies in 13 OECD countries with high-income level are weak after 2008 financial crisis. |
format |
Article in Journal/Newspaper |
author |
Ahmet UGUR Canan SANCAR Yusuf Ekrem AKBAŞ |
author_facet |
Ahmet UGUR Canan SANCAR Yusuf Ekrem AKBAŞ |
author_sort |
Ahmet UGUR |
title |
Effectiveness of monetary policies in OECD countries |
title_short |
Effectiveness of monetary policies in OECD countries |
title_full |
Effectiveness of monetary policies in OECD countries |
title_fullStr |
Effectiveness of monetary policies in OECD countries |
title_full_unstemmed |
Effectiveness of monetary policies in OECD countries |
title_sort |
effectiveness of monetary policies in oecd countries |
publisher |
General Association of Economists from Romania |
publishDate |
2016 |
url |
https://doaj.org/article/710ced3f42d549eb91950184dbe577c5 |
geographic |
Canada Norway New Zealand |
geographic_facet |
Canada Norway New Zealand |
genre |
Iceland |
genre_facet |
Iceland |
op_source |
Theoretical and Applied Economics, Vol XXIII, Iss 4, Pp 75-88 (2016) |
op_relation |
http://store.ectap.ro/articole/1225.pdf https://doaj.org/toc/1841-8678 https://doaj.org/toc/1844-0029 1841-8678 1844-0029 https://doaj.org/article/710ced3f42d549eb91950184dbe577c5 |
_version_ |
1766039659271421952 |