Impact of monetary policy changes on the Indian stock market and monetary market

Title

Impact of monetary policy changes on the Indian stock market and monetary market

Creator

Jothi M.; Suresh G.; Jayakumar K.

Description

Since the stock market is perceived as the channel of transmissions of monetary policy, it is worthy to study the relationship between the Monetary Policy and the volatility of stock prices in the stock market. This study has been conducted with the aim to examine the impact of monetary policy changes on the stock market. The variance methodology is applied in order to achieve the objective of this study. The concept of event window in the methodology involved as the identification of volatility of price in the stock market for11 days (i.e. 5 days before and after event day). The result shows that there is a positive influence on stock market because of change in money policy by the government. The results identified in this work having a signification amount of managerial implication to the different segment of the policy makers in Government, and Stock Market. 2019 Islamic Azad University.

Source

International Journal of Management and Business Research, Vol-9, No. 4, pp. 135-144.

Date

2019-01-01

Publisher

Islamic Azad University

Subject

Event window; Monetary policy; Stock market; Stock return

Coverage

Jothi M., Department of Accounting and Finance, Ambo University, Woliso, Ethiopia; Suresh G., CHRIST (Deemed to be University), Bangalore, India; Jayakumar K., Department of Commerce, CHRIST (Deemed to be University), Bangalore, India

Rights

Restricted Access

Relation

ISSN: 22287019

Format

Online

Language

English

Type

Article

Identifier

https://www.scopus.com/inward/record.uri?eid=2-s2.0-85081715921&partnerID=40&md5=a774ea36a8df17c44d1bb80a82f3adf7