The central bank's balance sheet has become the main instrument of monetary policy in the aftermath of the GFC and the COVID-19 health crisis. Hence, the aim of this paper is to analyze changes in the balance sheets' sizes and channels of base money creation in groups of countries, taking note...

This chapter aims to scrutinize the role of financial conditions of firms in deciding investment dynamic to monetary policy shocks. Considering leverage and cash holding as explanatory financial variables, firms with low leverage and high cash holding react more to monetary policy shocks in...

The purpose of this paper is to investigate Efficient Market Hypothesis (EMH) for Visegrad Group. The stock prices have been analyzed for the period between 1995 and 2014 with panel multiple structural breaks unit root test which is developed by Carrion-i-Silvestre et al. (2005). According to...

The global economy is considerably dependent on fossil fuels, of which oil is by far the most important, and concerns about the impact of oil price volatility on the real economy have been recently fuelled by the positive correlation between oil and stock prices. This positive correlation might...

In this paper, an exploratory hierarchical method to classify variables is introduced as an alternative to principal component analysis when dealing with stock-exchange price time-series. The method is based on a particular principal component analysis applied to pairs of variables, each one...