Download or read book A Study of the Relationship Between Changes in Money Supply and Changes in Stock Prices written by Martin Casdin and published by . This book was released on 1976 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Relationship Between Changes in Money Supply and Changes in Share Prices written by Russel David Glass and published by . This book was released on 1993 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An analysis of the effect of changes in the money supply on stock prices written by Samuel S. Clayton and published by . This book was released on 1968 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Optimum Quantity of Money written by Nicholas Eberstadt and published by Routledge. This book was released on 2017-10-23 with total page 492 pages. Available in PDF, EPUB and Kindle. Book excerpt: This classic set of essays by Nobel Laureate and leading monetary theorist Milton Friedman presents a coherent view of the role of money, focusing on specific topics related to the empirical analysis of monetary phenomena and policy. The early chapters cover factors determining the real quantity of money held in a community and the welfare implications of policies that affect the quantity held. The following chapters formally restate why quantity analysis has become central to the science of economics. Friedman's presidential address to the American Economic Association, included here, provides a general summary of his views on the role of monetary policy, with an emphasis on its limitations and its possibilities. This theoretical framework is used in examining a number of empirical problems: the demand for money, the explanation of price changes in wartime periods, and the role of money in business cycles. These essays summarize some of the most important results of Friedman's extensive research over the course of his lifetime. The chapters on policy that follow survey the positions of earlier economists and deal with the importance of lags and the implications of destabilizing speculation in foreign markets. Taken as a whole, The Optimum Quantity of Money provides a comprehensive view of the body of monetary theory developed in leading centers of monetary analysis. This work is essential reading for economists and graduate students in the field. The volume will be no less important for practicing business and banking personnel as well. The new statement by Michael Bordo, a student of Friedman's and an expert in the field, provides a sense of where the field now stands in the economy and academy.
Download or read book Relationship Between Stock Market and Macroeconomics Variables written by Sharifah Syed Jaafar and published by . This book was released on 2013 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: Purpose - The purpose of this paper is to explore the extent to which macroeconomics variables effect the stock price fluctuation in Malaysia.Design/methodology/approach - This paper employs time series data as it use 60 months of observations of each macroeconomics variables. Findings - The result suggest that money supply (M3) and exchange rate seem to be suitable targets in order to stabilize the stock prices and to encourage more capital flows into the market. As for consumer price index (CPI) and Industrial performance index (IPI), the paper finds that these variables do not give effect to the stock prices.Research limitations/implications - The result of this study are limited to the 2008 stock market period until the beginning of the year 2013 for the stock prices in Malaysia.Practical implications - Originality/value - The paper adopts the latest time series econometrics technique to test for regression. And it is among the earliest attempts to investigate the relationship between the macroeconomics variables and the stock prices changes on the stock market in Malaysia.
Download or read book Monetary Policy Rules written by John B. Taylor and published by University of Chicago Press. This book was released on 2007-12-01 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely volume presents the latest thinking on the monetary policy rules and seeks to determine just what types of rules and policy guidelines function best. A unique cooperative research effort that allowed contributors to evaluate different policy rules using their own specific approaches, this collection presents their striking findings on the potential response of interest rates to an array of variables, including alterations in the rates of inflation, unemployment, and exchange. Monetary Policy Rules illustrates that simple policy rules are more robust and more efficient than complex rules with multiple variables. A state-of-the-art appraisal of the fundamental issues facing the Federal Reserve Board and other central banks, Monetary Policy Rules is essential reading for economic analysts and policymakers alike.
Download or read book The Great Inflation written by Michael D. Bordo and published by University of Chicago Press. This book was released on 2013-06-28 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.
Download or read book The Effect of Stock Prices on the Demand for Money Market Mutual Funds written by James P. Dow and published by . This book was released on 1998 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book On the Causal Relationship between Stock Prices and Exchange Rates written by Sorin Dumitrescu and published by . This book was released on 2009 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper investigates the dynamic links between stock prices and exchange rates in Romania, considering the changes in the exchange rate regime occurred after 1997. The research employs advanced econometric methods - cointegration and innovation accounting techniques, in order to capture the relationship between stock prices, exchange rates and other macroeconomic variables, applied to monthly data over the January 1998 - September 2007 period. We identify a long-term equilibrium relationship between stock prices, official reserves and nominal effective exchange rates, while the real exchange rate and the money supply are found not to be statistically significant in any of the models. The signs of variables in the cointegrating vectors are consistent with economic reasoning: we find there is a positive relationship between money supply and stock prices, on one hand, and between the nominal effective exchange rate and stock prices, on the other hand. Also, there is a negative relationship between official reserves and stock prices, and between the real effective exchange rate and stock prices. Conversely, while over the short run stock prices react mainly to their own one standard deviation shocks, over the long run we observe that shocks in money supply and reserves generate responses from stock prices.
Download or read book The Response of Common Stock Prices to Unanticipated Changes in the Money Supply written by Donna A. Chambers and published by . This book was released on 1985 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Reaction of Stock Prices to Unanticipated Changes in Money written by Douglas K. Pearce and published by . This book was released on 1982 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Liquidity Markets and Trading in Action written by Deniz Ozenbas and published by Springer Nature. This book was released on 2022 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book addresses four standard business school subjects: microeconomics, macroeconomics, finance and information systems as they relate to trading, liquidity, and market structure. It provides a detailed examination of the impact of trading costs and other impediments of trading that the authors call rictions It also presents an interactive simulation model of equity market trading, TraderEx, that enables students to implement trading decisions in different market scenarios and structures. Addressing these topics shines a bright light on how a real-world financial market operates, and the simulation provides students with an experiential learning opportunity that is informative and fun. Each of the chapters is designed so that it can be used as a stand-alone module in an existing economics, finance, or information science course. Instructor resources such as discussion questions, Powerpoint slides and TraderEx exercises are available online.
Download or read book The Money Supply and the Stock Market written by Michael S. Rozeff and published by . This book was released on 2005 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article examines several stock market trading rules that use publicly available money supply data. None of the rules predicts the future stock market behavior and none provides returns in excess of a comparison buy-and-hold rule. Stock returns are related to current and future money supply changes, however. That is, the stock market anticipates upcoming changes in money supply. Linear regression models that allow foresight of future money supply are able to beat the market. This shows that regression models are powerful enough to produce abnormal returns - if they have non-publicly available information.
Download or read book The Adjustment of Common Stock Prices to Announced Changes in the Money Supply written by John Meredith Simms and published by . This book was released on 1983 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Monetary Policy and the Housing Bubble written by Jane Dokko and published by . This book was released on 2009 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Money and Stock Prices written by Michael S. Rozeff and published by . This book was released on 2009 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines stock market efficiency with respect to money supply data by testing (1) regression models of stock returns on monetary variables and (2) trading rules based on money supply data. The evidence indicates no meaningful lag in the effect of monetary policy on the stock market and that no profitable trading rules using past values of the money supply exist. Therefore this evidence is consistent with the efficient market model. Current security returns incorporate all information contained in past money supply data and, in addition, appear to anticipate future changes in the money supply. A number of previous studies have concluded that lags exist and can be used in profitable trading rules. Analysis of these studies demonstrates that for a variety of reasons the evidence in these past studies does not sustain such conclusions.
Download or read book International Dimensions of Monetary Policy written by Jordi Galí and published by University of Chicago Press. This book was released on 2010-03-15 with total page 663 pages. Available in PDF, EPUB and Kindle. Book excerpt: United States monetary policy has traditionally been modeled under the assumption that the domestic economy is immune to international factors and exogenous shocks. Such an assumption is increasingly unrealistic in the age of integrated capital markets, tightened links between national economies, and reduced trading costs. International Dimensions of Monetary Policy brings together fresh research to address the repercussions of the continuing evolution toward globalization for the conduct of monetary policy. In this comprehensive book, the authors examine the real and potential effects of increased openness and exposure to international economic dynamics from a variety of perspectives. Their findings reveal that central banks continue to influence decisively domestic economic outcomes—even inflation—suggesting that international factors may have a limited role in national performance. International Dimensions of Monetary Policy will lead the way in analyzing monetary policy measures in complex economies.
