Using a daily data set of stock market indexes and foreign exchange rates for twenty countries for a ten year period from July 02, 2001 to January 18, 2011, we analyze whether the global financial crisis of 2007 has any significant impact on the pattern of global market integration. Unit root...

This paper analyzes responses to monetary policy tools during the United Kingdom's Quantitative Easing regime from March 06, 2009 to June 02, 2010 on a set of target variables: market index, foreign exchange index, investment grade and non-investment grade bond yield, and spots and forwards of...

We extend the work of Bernanke and Kuttner (2005) by examining the impact of monetary shocks and policy tools on aggregate stock and bond returns as well as the stock returns of financial institutions during the recent period of Quantitative Easing (QE) in the U.S. Specially, we test for the...