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...
Main Authors: | , , |
---|---|
Format: | Article in Journal/Newspaper |
Language: | unknown |
Subjects: | |
Online Access: | http://store.ectap.ro/articole/1225.pdf http://www.ectap.ro/articol.php?id=1225&rid=125 |
id |
ftrepec:oai:RePEc:agr:journl:v:4(609):y:2016:i:4(609):p:75-88 |
---|---|
record_format |
openpolar |
spelling |
ftrepec:oai:RePEc:agr:journl:v:4(609):y:2016:i:4(609):p:75-88 2024-04-14T08:13:42+00:00 Effectiveness of monetary policies in OECD countries Ahmet UGUR Canan SANCAR Yusuf Ekrem AKBAŞ http://store.ectap.ro/articole/1225.pdf http://www.ectap.ro/articol.php?id=1225&rid=125 unknown http://store.ectap.ro/articole/1225.pdf http://www.ectap.ro/articol.php?id=1225&rid=125 article ftrepec 2024-03-19T10:29:50Z 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. stock price index, short term interest rates, interbank interest rates, m1 money supply, m3 money supply, dynamic panel data models. Article in Journal/Newspaper Iceland RePEc (Research Papers in Economics) Canada New Zealand Norway |
institution |
Open Polar |
collection |
RePEc (Research Papers in Economics) |
op_collection_id |
ftrepec |
language |
unknown |
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. stock price index, short term interest rates, interbank interest rates, m1 money supply, m3 money supply, dynamic panel data models. |
format |
Article in Journal/Newspaper |
author |
Ahmet UGUR Canan SANCAR Yusuf Ekrem AKBAŞ |
spellingShingle |
Ahmet UGUR Canan SANCAR Yusuf Ekrem AKBAŞ Effectiveness of monetary policies in OECD countries |
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 |
url |
http://store.ectap.ro/articole/1225.pdf http://www.ectap.ro/articol.php?id=1225&rid=125 |
geographic |
Canada New Zealand Norway |
geographic_facet |
Canada New Zealand Norway |
genre |
Iceland |
genre_facet |
Iceland |
op_relation |
http://store.ectap.ro/articole/1225.pdf http://www.ectap.ro/articol.php?id=1225&rid=125 |
_version_ |
1796311738789920768 |