Impact of money supply on stock bubbles

Sirucek, Martin (2013): Impact of money supply on stock bubbles. Published in: Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis , Vol. 7, No. LXI (November 2013)

Abstract

This article is focus on the effect and implications of changes in money supply in US on stock bubble rise on the US capital market, which is represented by the Dow Jones Industrial Average index. This market was chosen according to the market capitalization. The attention of paper is focused on problems, if according to the results of empirical analysis is the money supply significant factor which cause the bubbles and if during the time growth the significancy and impact of this macroeconomic factor on stock index.

• Item Type: MPRA Paper
• Language: English
• Keywords: money supply, stock market, stock bubbles, granger causality, Dickey-Fuller test
• Subjects: E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E52 - Monetary Policy; G - Financial Economics > G1 - General Financial Markets > G15 - International Financial Markets

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