Quantitative Easing and Emerging Markets
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Authors
Guo, Joanne
Dorr, Timothy G.
Issue Date
2017-03-24
Type
Presentation
Language
en_US
Keywords
Emerging markets , Federal Reserve , Quantitative easing
Alternative Title
Abstract
This research uses an event-study approach to analyze the effect of Federal Reserve quantitative easing announcements on emerging market economies. Using a daily panel data of fifteen emerging economies, the period examined is from November 1, 2008 to December 1, 2014; from one month before the first announcement of quantitative easing to one month after the last announcement of tapering. Results show that markets have a larger response to tapering news than easing news.