Central bank independence and stock market returns in emerging economies

C-Tier

Journal: Economics Letters

Year: 2012

Volume: 115

Issue: 1

Pages: 77-80

Authors (2)

Förch, Thomas (not in RePEc) Sunde, Uwe (Ludwig-Maximilians-Universität...)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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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.

Central bank independence and stock market returns in emerging economies

Authors (2)

Abstract

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