Central bank independence and stock market returns in emerging economies |
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| Authors: | Thomas Fö rchUwe Sunde |
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| Affiliation: | a University of St. Gallen, Switzerlandb University of St. Gallen, CEPR, Switzerland |
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| Abstract: | We investigate the effect of central bank independence on stock market returns in emerging economies. We find evidence for a positive overall effect, but economic independence of the central bank appears to be more relevant than political independence. |
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| Keywords: | E5 G1 |
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