91 resultados para Equity Premium
Filtro por publicador
- Academic Research Repository at Institute of Developing Economies (2)
- Acceda, el repositorio institucional de la Universidad de Las Palmas de Gran Canaria. España (1)
- AMS Tesi di Dottorato - Alm@DL - Università di Bologna (2)
- AMS Tesi di Laurea - Alm@DL - Università di Bologna (2)
- Aquatic Commons (3)
- Archive of European Integration (18)
- Archivo Digital para la Docencia y la Investigación - Repositorio Institucional de la Universidad del País Vasco (4)
- Aston University Research Archive (41)
- Biblioteca de Teses e Dissertações da USP (1)
- Biblioteca Digital - Universidad Icesi - Colombia (1)
- Biblioteca Digital da Produção Intelectual da Universidade de São Paulo (3)
- Bibloteca do Senado Federal do Brasil (9)
- BORIS: Bern Open Repository and Information System - Berna - Suiça (14)
- Boston University Digital Common (1)
- Brock University, Canada (1)
- CaltechTHESIS (1)
- Cambridge University Engineering Department Publications Database (4)
- CentAUR: Central Archive University of Reading - UK (51)
- Cochin University of Science & Technology (CUSAT), India (2)
- Comissão Econômica para a América Latina e o Caribe (CEPAL) (74)
- CORA - Cork Open Research Archive - University College Cork - Ireland (1)
- Corvinus Research Archive - The institutional repository for the Corvinus University of Budapest (1)
- Dalarna University College Electronic Archive (2)
- Deakin Research Online - Australia (193)
- Digital Commons at Florida International University (11)
- Digital Peer Publishing (1)
- DigitalCommons@The Texas Medical Center (4)
- DigitalCommons@University of Nebraska - Lincoln (2)
- Doria (National Library of Finland DSpace Services) - National Library of Finland, Finland (2)
- Duke University (5)
- Ecology and Society (2)
- Greenwich Academic Literature Archive - UK (4)
- Harvard University (1)
- Helda - Digital Repository of University of Helsinki (11)
- Illinois Digital Environment for Access to Learning and Scholarship Repository (2)
- Institute of Public Health in Ireland, Ireland (1)
- Instituto Politécnico de Bragança (1)
- Instituto Superior de Psicologia Aplicada - Lisboa (2)
- Lume - Repositório Digital da Universidade Federal do Rio Grande do Sul (5)
- Memoria Académica - FaHCE, UNLP - Argentina (8)
- Ministerio de Cultura, Spain (5)
- Publishing Network for Geoscientific & Environmental Data (4)
- QUB Research Portal - Research Directory and Institutional Repository for Queen's University Belfast (44)
- Queensland University of Technology - ePrints Archive (91)
- RCAAP - Repositório Científico de Acesso Aberto de Portugal (2)
- RDBU - Repositório Digital da Biblioteca da Unisinos (2)
- Repositório Científico da Universidade de Évora - Portugal (2)
- Repositório digital da Fundação Getúlio Vargas - FGV (90)
- Repositorio Institucional de la Universidad de El Salvador (1)
- Repositorio Institucional de la Universidad Nacional Agraria (1)
- Repositório Institucional UNESP - Universidade Estadual Paulista "Julio de Mesquita Filho" (1)
- Repositorio Institucional Universidad EAFIT - Medelin - Colombia (1)
- RUN (Repositório da Universidade Nova de Lisboa) - FCT (Faculdade de Cienecias e Technologia), Universidade Nova de Lisboa (UNL), Portugal (30)
- SAPIENTIA - Universidade do Algarve - Portugal (1)
- The Scholarly Commons | School of Hotel Administration; Cornell University Research (1)
- Universidad de Alicante (2)
- Universidad del Rosario, Colombia (8)
- Universidad Politécnica de Madrid (13)
- Universidade Complutense de Madrid (1)
- Universidade Metodista de São Paulo (3)
- Universidade Técnica de Lisboa (4)
- Universitat de Girona, Spain (1)
- Université de Lausanne, Switzerland (2)
- Université de Montréal, Canada (5)
- University of Canberra Research Repository - Australia (2)
- University of Connecticut - USA (4)
- University of Innsbruck Digital Library - Austria (1)
- University of Michigan (95)
- University of Queensland eSpace - Australia (43)
- University of Southampton, United Kingdom (1)
- University of Washington (2)
- WestminsterResearch - UK (3)
Resumo:
Owing to the discrete disclosure practices of the Reserve Bank of Australia, this paper provides new evidence on the channels of monetary policy triggered by central bank actions (monetary policy announcements) and statements (explanatory minutes releases), in the Australian equity market. Both monetary policy announcements and explanatory minutes releases are shown to have a significant and comparable impact on the returns and volatility of the Australian equity market. Further, distinct from US and European studies that find strong evidence of the interest rate, bank loan and balance sheet channels and no evidence of the exchange rate channel following central bank actions, this paper finds that monetary policy impacts the Australian equity market via the exchange rate, interest rate and bank loan channels of monetary policy, with only weak evidence of the balance sheet channel of monetary policy. These channels are found to be operating irrespective of the trigger (monetary policy announcements or explanatory minutes releases), though results are somewhat weaker when examining the explanatory minutes releases. These results have important implications for central bank officials and financial market participants alike: by confirming a comparable avenue to affect monetary policy; and providing an explication of its impact on the Australian equity market.