Format:
Online-Ressource (45 p)
Edition:
Online-Ausg.
ISBN:
1462309291
,
9781462309290
Series Statement:
IMF Working Papers Working Paper No. 11/183
Content:
Event studies are used to analyze the impact of U.S. financial, fiscal, and monetary policies from US to foreign asset prices across a range of G20 countries and Switzerland. The initial announcement that the Administration supported tighter regulation of banks led to a generalized fall in advanced economy bank shares compared to local equity markets. For later Dodd-Frank announcements, however, falls in U.S. bank equity prices were accompanied by increases in U.K. and Swiss valuations, implying a potential for regulatory arbitrage. Turning to macro policies, the 2008/9 fiscal and monetary stimulus packages generally supported foreign activity, while the impact of similar stimulus in 2010 is less clear
Additional Edition:
Erscheint auch als Druck-Ausgabe Bayoumi, Tamim Unforeseen Events Wait Lurking: Estimating Policy Spillovers From U.S. to Foreign Asset Prices Washington, D.C. : International Monetary Fund, 2011 ISBN 9781462309290
Language:
English
DOI:
10.5089/9781462309290.001
