Harun, Syed M.; Hassan, M. Kabir; Zaher, Tarek S. - In: Multinational Finance Journal 9 (2005) 1-2, pp. 99-128
The objective of the paper is to investigate whether the stock price reactions of commercial banks to monetary policy actions are dependent on the state of the economy. The results indicate that monetary policy actions have asymmetric effects on the returns of commercial banks across different...