Please use this identifier to cite or link to this item:
https://ir.iimcal.ac.in:8443/jspui/handle/123456789/892Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Prabu A, Edwin | |
| dc.contributor.author | Bhattacharyya, Indranil | |
| dc.contributor.author | Ray, Partha | |
| dc.date.accessioned | 2021-08-26T05:54:58Z | - |
| dc.date.available | 2021-08-26T05:54:58Z | - |
| dc.date.issued | 2016 | |
| dc.identifier.uri | https://www.scopus.com/inward/record.uri?eid=2-s2.0-84991213982&doi=10.1016%2fj.iref.2016.09.007&partnerID=40&md5=4a7d37396f26f9559c2a7f1680bfab7f | |
| dc.identifier.uri | https://ir.iimcal.ac.in:8443/jspui/handle/123456789/892 | - |
| dc.description | Prabu A, Edwin, Reserve Bank of India, Mumbai, 400001, India; Bhattacharyya, Indranil, Reserve Bank of India, Mumbai, 400001, India; Ray, Partha, Indian Institute of Management Calcutta, Kolkata, 700104, India | |
| dc.description | ISSN/ISBN - 10590560 | |
| dc.description | pp.166-179 | |
| dc.description | DOI - 10.1016/j.iref.2016.09.007 | |
| dc.description.abstract | This study uses �event study� and �identification through heteroscedasticity� methodology to study the impact of Indian monetary policy announcements on stock indices during 2004�14. Although stock indices decline after announcement of policy tightening, the results are statistically insignificant. Unanticipated policy announcements have weakly significant impact, particularly on banking stocks. Dominance of the banking channel and ineffectiveness of the asset price channel in monetary transmission could have contributed to this non-confirmative result. Finally, UMP announcements of the US Fed also do not impact Indian stock returns except for a few events of LSAP in 2008 and Operation Twist in 2011. � 2016 Elsevier Inc. | |
| dc.publisher | SCOPUS | |
| dc.publisher | International Review of Economics and Finance | |
| dc.publisher | Elsevier Inc. | |
| dc.relation.ispartofseries | 46 | |
| dc.subject | Event Study | |
| dc.subject | Identification through Heteroscedasticity | |
| dc.subject | India | |
| dc.subject | Monetary policy announcements | |
| dc.subject | Stock market | |
| dc.title | Is the stock market impervious to monetary policy announcements: Evidence from emerging India | |
| dc.type | Article | |
| Appears in Collections: | Economics | |
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.