The impact of monetary policy on banking and finance stock prices in China
DC Field | Value | Language |
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dc.contributor.author | Kim, Hyeyoen | - |
dc.contributor.author | Kim, Junyeup | - |
dc.contributor.author | Lee, Jaeram | - |
dc.contributor.author | Ryu, Doojin | - |
dc.date.available | 2021-03-09T07:40:17Z | - |
dc.date.created | 2021-03-09 | - |
dc.date.issued | 2014-12 | - |
dc.identifier.issn | 1350-4851 | - |
dc.identifier.uri | https://scholarworks.bwise.kr/gachon/handle/2020.sw.gachon/80352 | - |
dc.description.abstract | In this study, we examine the impacts of changes to the required reserve ratio (RRR) on banking and finance stock prices in China from 2007 to 2012 using multiple variance ratio tests and vector error correction models. The efficient market hypothesis is rejected during the earlier increases in required reserve ratio (2007-2008) in the Shanghai A-market, and A-share prices negatively respond to increases in RRR. In contrast, both Shanghai A- and Hong Kong H-markets are efficient, and negative effects of RRR are not clearly observed during periods of stable RRR (2009-2010) and during a recent increase in RRR (2010-2012). | - |
dc.language | 영어 | - |
dc.language.iso | en | - |
dc.publisher | ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD | - |
dc.relation.isPartOf | APPLIED ECONOMICS LETTERS | - |
dc.title | The impact of monetary policy on banking and finance stock prices in China | - |
dc.type | Article | - |
dc.type.rims | ART | - |
dc.description.journalClass | 1 | - |
dc.identifier.wosid | 000343599800002 | - |
dc.identifier.doi | 10.1080/13504851.2014.920472 | - |
dc.identifier.bibliographicCitation | APPLIED ECONOMICS LETTERS, v.21, no.18, pp.1257 - 1261 | - |
dc.description.isOpenAccess | N | - |
dc.identifier.scopusid | 2-s2.0-84908604693 | - |
dc.citation.endPage | 1261 | - |
dc.citation.startPage | 1257 | - |
dc.citation.title | APPLIED ECONOMICS LETTERS | - |
dc.citation.volume | 21 | - |
dc.citation.number | 18 | - |
dc.contributor.affiliatedAuthor | Lee, Jaeram | - |
dc.type.docType | Article | - |
dc.subject.keywordAuthor | Chinese market | - |
dc.subject.keywordAuthor | market efficiency | - |
dc.subject.keywordAuthor | monetary policy | - |
dc.subject.keywordAuthor | required reserve ratio | - |
dc.subject.keywordAuthor | E52 | - |
dc.subject.keywordAuthor | G14 | - |
dc.subject.keywordAuthor | G15 | - |
dc.subject.keywordAuthor | G18 | - |
dc.subject.keywordPlus | RESERVE REQUIREMENTS | - |
dc.subject.keywordPlus | MARKET | - |
dc.subject.keywordPlus | TRANSMISSION | - |
dc.subject.keywordPlus | VOLATILITY | - |
dc.subject.keywordPlus | EFFICIENCY | - |
dc.relation.journalResearchArea | Business & Economics | - |
dc.relation.journalWebOfScienceCategory | Economics | - |
dc.description.journalRegisteredClass | ssci | - |
dc.description.journalRegisteredClass | scopus | - |
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