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...
| Main Authors: | , , |
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| Language: | en_US |
| Published: |
Elsevier
2016
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10986/23554 |