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Pricing protest : the response of financial markets to social unrest
Barrett, Philip; Bondar, Mariia; Chen, Sophia; … - 2021
Using a new daily index of social unrest, we provide systematic evidence on the negative impact of social unrest on stock market performance. An average social unrest episode in an typical country causes a 1.4 percentage point drop in cumulative abnormal returns over a two-week event window....
Persistent link: https://www.econbiz.de/10012518928
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Unforeseen events wait lurking : estimating policy spillovers from U.S. To foreign asset prices
Bayoumi, Tamim A.; Bui, Trung - 2011
Persistent link: https://www.econbiz.de/10009423188
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The effects of unconventional monetary policies on bank soundness
Lambert, Frederic; Ueda, Kenichi - 2014
Persistent link: https://www.econbiz.de/10010441754
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Sovereign Wealth Funds and Financial Stability-An Event Study Analysis
Hesse, Heiko - 2009
This paper examines financial stability issues that arise from the increased presence of sovereign wealth funds (SWFs) in global financial markets by assessing whether and how stock markets react to the announcements of investments and divestments to firms by SWFs using an event study approach....
Persistent link: https://www.econbiz.de/10014402261
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Hang in there : stock market reactions to withdrawals of COVID-19 stimulus measures
Chan-Lau, Jorge A.; Zhao, Yunhui - 2020
The COVID-19 pandemic prompted unprecedented economic stimulus worldwide. We empirically examine the impact of a withdrawal of fiscal stimulus policies on the stock markets. After constructing a database of withdrawal events, we use event study analysis and cross-country regressions to assess...
Persistent link: https://www.econbiz.de/10012486103
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Firm-Level Evidenceon International Stock Market Comovement
Brooks, Robin - 2003
We explore the link between international stock market comovement and the degree to which firms operate globally. Using stock returns and balance sheet data for companies in 20 countries, we estimate a factor model that decomposes stock returns into global, country-specific and industry-specific...
Persistent link: https://www.econbiz.de/10014403861
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Do the type of Sukuk and choice of Shari'a scholar matter?
Godlewski, Christophe J.; Turk Ariss, Rima; Weill, Laurent - 2014
Persistent link: https://www.econbiz.de/10010441749
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Quantitative easing and long-term yields in small open economies
Díez de los Ríos, Antonio; Shamloo, Maral - 2017
We compare the effectiveness of Federal Reserve's asset purchase programs in lowering longterm yields with that of similar programs implemented by the Bank of England, the Swedish Riksbank, and the Swiss National Bank's reserve expansion program. We decompose government bond yields into (i) an...
Persistent link: https://www.econbiz.de/10011748716
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Macroeconomic News and Stock Returns in the United States and Germany
Funke, Norbert - 2002
Using daily data for the January 1997 to June 2002 period, we analyze the impact of a broad set of macroeconomic news on stock prices in the United States and Germany. With GARCH specifications we test five hypotheses and find that news on real economic activity has a significant impact on stock...
Persistent link: https://www.econbiz.de/10014399615
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European Union Enlargement and Equity Markets in Accession Countries
Podpiera, Richard - 2005
due to the integration of accession countries into the world market. We found that firm-level stock price changes are … positively related to the difference between a firm''s local and world market betas. This result is robust to controlling for … differences between local and world betas explain nearly 22 percent of the stock price increase …
Persistent link: https://www.econbiz.de/10014404205