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- W2367079019 abstract "The paper investigates the impact of monetary policy adjustment on Chinese interest rate,foreign exchange rate and stock markets based on the extended T-GARCH model.It makes a special contribution to existing literature by separating the unanticipated and anticipated components of monetary policy changes.We have documented an asymmetric monetary policy effect on the interest rate market,foreign exchange rate and stock markets.Our empirical results also indicate that the monetary policy announcements have a significant and persistent effect on the interest rate market,but weakly on the foreign exchange rate and stock markets." @default.
- W2367079019 created "2016-06-24" @default.
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- W2367079019 date "2010-01-01" @default.
- W2367079019 modified "2023-09-26" @default.
- W2367079019 title "The Impact Test of Monetary Surprises on Financial Markets:An Extended T-GARCH Model Analysis" @default.
- W2367079019 hasPublicationYear "2010" @default.
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