Central bank independence and stock market returns in emerging economies

Förch, Thomas; Sunde, Uwe (2012): Central bank independence and stock market returns in emerging economies. In: Economics Letters, Vol. 115, No. 1: pp. 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.

• Item Type: Journal article
• Faculties: Economics; Economics > Chairs > Chair for Population Economics
• Subjects: 300 Social sciences > 330 Economics
• Language: English