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Monetary Policy and the Price Behavior in Emerging Stock Markets

Monetary Policy and the Price Behavior in Emerging Stock Markets »

Volume/Issue: 1991/27

Series: IMF Working Papers

Author(s): Peter Cornelius

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1991

DOI: http://dx.doi.org/10.5089/9781451844429.001

ISBN: 9781451844429

Keywords: stock prices, stock markets, emerging stock markets, time series, stock market

This paper examines whether the six largest and most active emerging stock markets are informationally efficient with respect to changes in the money supply. To investigate if stock prices fully reflect the informa...