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Author: | Conover, C. M. Jensen, G. R. Johnson, R. R. |
Title: | Monetary environments and international stock returns |
Journal: | Journal of Banking and Finance
1999 : SEP, VOL. 23:9, p. 1357-1381 |
Index terms: | Finance Investments Monetary policy Discount rate USA |
Freeterms: | International finance |
Language: | eng |
Abstract: | This paper focuses in determining whether stock returns in foreign markets are associated with both local and U.S. monetary environments. Consistent with the U.S. market results, it is found that foreign stock returns are generally higher in expansive U.S. and local monetary environments than they are in restrictive environments. |
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