 International Capital Markets and the Global Real EconomyAdam Szyszka ()
Chapter Chapter 4 in Effective Investments on Capital Markets, 2019, pp 53-67 from Springer Abstract: Abstract This text focuses on two aspects of the relations between the financial sector and the global real economy. First, it discusses the impact of quantitative easing programs (QE) on the situation on global capital markets. The efficiency of such programs as tools to stimulate economic growth is analyzed and compared across different countries. The author puts forward a hypothesis that the efficiency of QE depends on the capital market model in a given country and the different channels of transferring capital between the financial sector and the real economy. The second aspect of the relations between capital markets and the economy discussed in this article is the problem of market efficiency. The thesis advanced here is that capital market inefficiency not only leads to wrong asset pricing and wealth transfer between investors, but also contributes to the wrong allocation of resources and underinvestment or overinvestment in given real sectors, bringing about significant losses for the entire economy. Keywords: Quantitative easing (QE); Capital market models; Capital market efficiency; Asset pricing (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-030-21274-2_4 Ordering information: This item can be ordered from DOI: 10.1007/978-3-030-21274-2_4 Access Statistics for this chapter More chapters in Springer Proceedings in Business and Economics from Springer |
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