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http://dspace.bits-pilani.ac.in:8080/jspui/xmlui/handle/123456789/8873| Title: | Monetary policy and liquidity: Does investor sentiment matter? |
| Authors: | Debata, Byomakesh |
| Keywords: | Economics and Finance 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?via%3Dihub http://dspace.bits-pilani.ac.in:8080/xmlui/handle/123456789/8873 |
| Appears in Collections: | Department of Economics and Finance |
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