Please use this identifier to cite or link to this item:
http://dspace.bits-pilani.ac.in:8080/jspui/handle/123456789/16407| Title: | Monetary policy and liquidity: Does investor sentiment matter? |
| Authors: | Debata, Byomakesh |
| Keywords: | Economics Investor sentiment Liquidity Monetary policy Emerging stock market |
| Issue Date: | Sep-2021 |
| Publisher: | Elsevier |
| Abstract: | We examine the relationship between monetary policy and liquidity effects at the macro (overall market) and micro (individual stocks) levels, using data from the Indian stock market. We also test the possible asymmetric effect of investor sentiment on the monetary policy – liquidity relationship. Results suggest strong predictability of monetary policy on liquidity at an aggregate market level and individual stock level. The effect of monetary policy on liquidity is stronger during low sentiment (pessimistic) periods as compared to high sentiment (optimistic) periods. |
| URI: | https://www.sciencedirect.com/science/article/pii/S0970389621000598 http://dspace.bits-pilani.ac.in:8080/jspui/handle/123456789/16407 |
| Appears in Collections: | Department of Economics and Finance |
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.