| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5107309 | Research in International Business and Finance | 2017 | 10 Pages |
Abstract
This paper addresses the issue of impacts of central banks' independence on stock market volatility. Using a simple theoretical macroeconomic model, we analytically find a positive link between stock prices volatility and central bank independence. By applying panel data analysis on a set of 29 countries from 1998 to 2005, sufficient evidence for this positive relationship is provided using two different measures of stock market volatility.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Business and International Management
Authors
Stephanos Papadamou, Moïse Sidiropoulos, Eleftherios Spyromitros,