@inproceedings{74a434e95d8e426faa6c7f5a01443192,
title = "How responsive is China's stock market to the monetary polices",
abstract = "The development of China deeply associate with the supports for dfferent industries from China Government, since the beginning to the middle of 2015, Central Bank of China has implement three reductions of deposit and loan interest rate and three reductions of deposit reserve rate of financial institution. These monetary policies which increase the liquidity of cash flows in the market certainly will bring positive stimulation to Chinese stock market. This study bases on these monetary policies mentioned above, utilizes Event Study Methodology and studies the response efficiency of Chinese stock market to those monetary policies issued by Central Bank. From the outcomes of the models, we find that there are varying degrees of feedback of Shanghai and Shenzhen Stock Market when the policies were enacted, and the impacts of every stimulation starts to fade out in the third trading days after the enaclion dates of each monetary policy.",
keywords = "Event study, Monetary policy, Response efficiency, Stock market",
author = "Chen, {Xin Kai} and Dejun Xie",
year = "2016",
language = "English",
series = "Lecture Notes in Engineering and Computer Science",
publisher = "Newswood Limited",
pages = "788--793",
editor = "Feng, {David Dagan} and Korsunsky, {Alexander M.} and Ao, {S. I.} and Craig Douglas and Oscar Castillo",
booktitle = "IMECS 2016 - International Multiconference of Engineers and Computer Scientists 2016",
note = "International Multiconference of Engineers and Computer Scientists 2016, IMECS 2016 ; Conference date: 16-03-2016 Through 18-03-2016",
}