Please use this identifier to cite or link to this item:
Full metadata record
DC FieldValueLanguage
dc.description.abstractWe do not know for certain the exact transmission effect monetary policy has, or how significant this transmission effect on key economic variables may have on the equity market. There have been many school of thoughts along with different opinions. In fact several commentators believe that accommodative monetary policy i.e. low interest rates will result in the equity market to boom. However, in reality it may not always be the case, as a rise in interest rates contributed higher equity returns. This research attempted to analyse the effects of the transmission of monetary policy on the equity market, through interest rates and other economic indicators, across Europe, the United States and United Kingdom. This was examined by use of a multiple regression model and VAR model via a Granger Causality Test and Impulse Response Function. For the first part of the model, via the regression model, the research results confirm what certain financial institutions have discussed- that it is generally a rise in interest rates that would make the equity market to increase. However, when adopting a VAR approach, the results retrieved via an Impulse Response Function were not as bold and clear as that found from the regression model.en_GB
dc.subjectMonetary policyen_GB
dc.subjectStock exchangesen_GB
dc.subjectVector analysisen_GB
dc.subjectAutoregression (Statistics)en_GB
dc.titleThe transmission effects of monetary policy on the equity marketen_GB
dc.rights.holderThe copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder.en_GB
dc.publisher.institutionUniversity of Maltaen_GB
dc.publisher.departmentFaculty of Economics, Management and Accountancy. Department of Banking & Financeen_GB
dc.contributor.creatorMuscat, Mark
Appears in Collections:Dissertations - FacEma - 2015
Dissertations - FacEMABF - 2015

Files in This Item:
File Description SizeFormat 
  Restricted Access
2.92 MBAdobe PDFView/Open Request a copy

Items in OAR@UM are protected by copyright, with all rights reserved, unless otherwise indicated.