Central bank independence and stock market returns in emerging economies

Förch, Thomas und Sunde, Uwe (2012): Central bank independence and stock market returns in emerging economies. In: Economics Letters, Bd. 115, Nr. 1: S. 77-80

Abstract

We investigate the effect of central bank independence on stock market returns in emerging economies. We find evidence for a positive overall effect, but economic independence of the central bank appears to be more relevant than political independence.

• Dokumententyp: Zeitschriftenartikel
• Fakultät: Volkswirtschaft ; Volkswirtschaft > Lehrstühle > Seminar für Bevölkerungsökonomik
• Themengebiete: 300 Sozialwissenschaften > 330 Wirtschaft
• Sprache: Englisch