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Please use this identifier to cite or link to this item: https://digital.lib.ueh.edu.vn/handle/UEH/60785
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dc.contributor.authorThanh, S.D.-
dc.contributor.authorCanh, N.P.-
dc.contributor.authorMaiti, M.-
dc.date.accessioned2020-12-09T06:23:51Z-
dc.date.available2020-12-09T06:23:51Z-
dc.date.issued2020-
dc.identifier.issn0313-5926-
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85075627950&doi=10.1016%2fj.eap.2019.11.005&partnerID=40&md5=7c7586450f88629063fe9e930aec3fcc-
dc.identifier.urihttp://digital.lib.ueh.edu.vn/handle/UEH/60785-
dc.description.abstractThis study investigates the asymmetric effects of unanticipated monetary shocks on stock prices in India over the period 1994M4–2018M11. We find that the evolution of stock prices is state-dependent across different monetary policy processes. Unanticipated monetary shocks appear to have significantly asymmetrically lagged effects on stock prices, namely: (i) the positive effect of negative unanticipated shocks in bull markets; and (ii) the negative effect of positive unanticipated shocks in bear markets. Our findings imply that monetary policy-markers should attend to these situations for the future of money-supply policies to diminish the degree of uncertainty about the money supply in adjusting stock prices.en
dc.formatPortable Document Format (PDF)-
dc.language.isoeng-
dc.publisherElsevier-
dc.relation.ispartofEconomic Analysis and Policy-
dc.relation.ispartofseriesVol. 65-
dc.rightsEconomic Society of Australia, Queensland-
dc.subjectAsymmetric effectsIndiaen
dc.subjectMarkov switchingen
dc.subjectStock pricesen
dc.subjectUnanticipated monetary shocksen
dc.titleAsymmetric effects of unanticipated monetary shocks on stock prices: emerging market evidenceen
dc.typeJournal Articleen
dc.identifier.doihttps://doi.org/10.1016/j.eap.2019.11.005-
dc.format.firstpage40-
dc.format.lastpage55-
ueh.JournalRankingScopus, ISI-
item.fulltextOnly abstracts-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.grantfulltextnone-
item.languageiso639-1en-
item.openairetypeJournal Article-
item.cerifentitytypePublications-
Appears in Collections:INTERNATIONAL PUBLICATIONS
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