The effects of the Ecb’s unconventional monetary policies on stock markets

Detalhes bibliográficos
Autor(a) principal: Freire, Gonçalo Manuel Pereira
Data de Publicação: 2017
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/26972
Resumo: The purpose of this research is to analyse the impact of the ECB’s unconventional monetary policies on European Stock Markets since the beginning of the financial crisis. In order to do so, I conduct an event study founded on the application of three different models, which are robust to the heteroscedasticity and autocorrelation of daily stock returns. My results suggest that the ECB’s unconventional monetary policy announcements had significant and positive effects on Italian, Spanish and Portuguese equities. Contrarily, the impact is negative for German stocks. Regarding the industries, the highest positive impact was on the banking sector.
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spelling The effects of the Ecb’s unconventional monetary policies on stock marketsECB unconventional policiesEuropean stock marketsEvent studyDomínio/Área Científica::Ciências Sociais::Economia e GestãoThe purpose of this research is to analyse the impact of the ECB’s unconventional monetary policies on European Stock Markets since the beginning of the financial crisis. In order to do so, I conduct an event study founded on the application of three different models, which are robust to the heteroscedasticity and autocorrelation of daily stock returns. My results suggest that the ECB’s unconventional monetary policy announcements had significant and positive effects on Italian, Spanish and Portuguese equities. Contrarily, the impact is negative for German stocks. Regarding the industries, the highest positive impact was on the banking sector.Boons, MartijnLania, LeonardoRUNFreire, Gonçalo Manuel Pereira2018-09-20T00:30:24Z2017-09-202017-09-20T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/26972TID:201756323enginfo:eu-repo/semantics/embargoedAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T04:14:12Zoai:run.unl.pt:10362/26972Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:28:35.443655Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv The effects of the Ecb’s unconventional monetary policies on stock markets
title The effects of the Ecb’s unconventional monetary policies on stock markets
spellingShingle The effects of the Ecb’s unconventional monetary policies on stock markets
Freire, Gonçalo Manuel Pereira
ECB unconventional policies
European stock markets
Event study
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short The effects of the Ecb’s unconventional monetary policies on stock markets
title_full The effects of the Ecb’s unconventional monetary policies on stock markets
title_fullStr The effects of the Ecb’s unconventional monetary policies on stock markets
title_full_unstemmed The effects of the Ecb’s unconventional monetary policies on stock markets
title_sort The effects of the Ecb’s unconventional monetary policies on stock markets
author Freire, Gonçalo Manuel Pereira
author_facet Freire, Gonçalo Manuel Pereira
author_role author
dc.contributor.none.fl_str_mv Boons, Martijn
Lania, Leonardo
RUN
dc.contributor.author.fl_str_mv Freire, Gonçalo Manuel Pereira
dc.subject.por.fl_str_mv ECB unconventional policies
European stock markets
Event study
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic ECB unconventional policies
European stock markets
Event study
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description The purpose of this research is to analyse the impact of the ECB’s unconventional monetary policies on European Stock Markets since the beginning of the financial crisis. In order to do so, I conduct an event study founded on the application of three different models, which are robust to the heteroscedasticity and autocorrelation of daily stock returns. My results suggest that the ECB’s unconventional monetary policy announcements had significant and positive effects on Italian, Spanish and Portuguese equities. Contrarily, the impact is negative for German stocks. Regarding the industries, the highest positive impact was on the banking sector.
publishDate 2017
dc.date.none.fl_str_mv 2017-09-20
2017-09-20T00:00:00Z
2018-09-20T00:30:24Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/26972
TID:201756323
url http://hdl.handle.net/10362/26972
identifier_str_mv TID:201756323
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/embargoedAccess
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repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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