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We study the correlation between pairs of bond and stock markets in Canada and the United States between January 1998 … communication by the Bank of Canada and the Federal Reserve significantly affect the co-movement of financial markets. We find that … stock markets as well as between Canadian and US financial markets. -- Bank of Canada ; Central Bank Communication …
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We study the correlation between pairs of bond and stock markets in Canada and the United States between January 1998 … communications by the Bank of Canada and the Federal Reserve significantly affect the conditional co-movement of financial markets (i …) within Canada and (ii) between Canada and the United States. We find that central bank communication significantly increases …
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