دورية أكاديمية
أعرض في EDS

RESPONSE OF FINANCIAL MARKETS TO ADJUSTMENTS IN THE BANK O.F ENGLANDS TARGET INTEREST RATE

التفاصيل البيبلوغرافية
العنوان: RESPONSE OF FINANCIAL MARKETS TO ADJUSTMENTS IN THE BANK O.F ENGLANDS TARGET INTEREST RATE
المؤلفون: Jeff Madura, Oliver Schnusenberg
المصدر: Global Business and Finance Review, Vol 5, Iss 2, Pp 1-12 (2000)
بيانات النشر: People & Global Business Association (P&GBA), 2000.
سنة النشر: 2000
المجموعة: LCC:Business
LCC:Finance
مصطلحات موضوعية: britsh market, responsiveness of financial market, interest rate, equity returns, equity return of sensitivity, Business, HF5001-6182, Finance, HG1-9999
الوصف: Our general objective is to measure the responsiveness offinancial market participants to the Bank of Englands target interest rate adjustments. Using ofji_cial Bank ofEngland interest rate data from 1975 to 1996, we find that British money market interest rate movements are positively and significantly related to the Bank of Englands target interest rate adjustments. Furthermore, the degree of response is conditional on whether its meeting dates were known in advance. We also find that British money market interest rates move in tandem with the Bank ofEnglands target interest rate adjustment prior to the adjustment., Furthermore, the Bank ofEnglands adjustments are inversely and significantly related to British equity returns, although the degree ofsensitivity ofequity returns is conditioned on the direction ofthe adjustment in target interest rates.
نوع الوثيقة: article
وصف الملف: electronic resource
اللغة: English
تدمد: 1088-6931
2384-1648
Relation: http://www.gbfrjournal.org/pds/journal/thesis/20150625113220-3C0YB.pdf; https://doaj.org/toc/1088-6931; https://doaj.org/toc/2384-1648
URL الوصول: https://doaj.org/article/48ea5be8491d40b3932426c320de0664
رقم الأكسشن: edsdoj.48ea5be8491d40b3932426c320de0664
قاعدة البيانات: Directory of Open Access Journals
الوصف
تدمد:10886931
23841648