Central bank independence and stock market returns in emerging economies

Thomas Förch and Uwe Sunde

Munich Reprints in Economics from University of Munich, Department of Economics

Abstract: We investigate the effect of central bank independence on stock market returns in emerging economies. We find evidence for a positive overall effect, but economic independence of the central bank appears to be more relevant than political independence.

Date: 2012
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Published in Economics Letters 1 115(2012): pp. 77-80

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Persistent link: https://EconPapers.repec.org/RePEc:lmu:muenar:20361

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