Logo
Munich Personal RePEc Archive

Stock Market's Reaction to Monetary Policy Announcements in India

Sasidharan, Anand (2009): Stock Market's Reaction to Monetary Policy Announcements in India.

[thumbnail of MPRA_paper_24190.pdf]
Preview
PDF
MPRA_paper_24190.pdf

Download (273kB) | Preview

Abstract

The paper examines stock market behaviour on days preceding and succeeding the announcement of a change in the monetary policy stance. Market's plausible reactions are tested using nonparametric statistics. The tests reveals that there is no systematic pattern in its reaction, neither towards the type of policy stance (expansionary or contractionary), nor during the days corresponding to the `event'.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.