| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5060686 | Economics Letters | 2012 | 4 Pages |
Abstract
We investigate the effect of central bank independence on stock market returns in emerging economies. We find evidence for a positive overall effect, but economic independence of the central bank appears to be more relevant than political independence.
⺠We estimate the effect of central bank independence on stock market returns. ⺠The sample comprises emerging economies. ⺠The overall effect of central bank independence on stock market returns is positive. ⺠Economic independence is more important than political independence.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Thomas Förch, Uwe Sunde,