This paper investigates the impact of monetary policies in 3 countries (the Republic Korea, China and United States) on Korean stock markets (e.g., KOSPI), using a structural Vector Autoregression. We find that positive shock Money Supply (M2) all is to but degree response differs from one another. Surprisingly, KOSPI was largest China’s M2, reflecting Korea’s trading partner. From responses in...

The opinions and recommendations of the authors of this study do not necessarily reflect official positions of the SBA or other agencies of the U.S. government. Executive Summary The long expansion, two recessions, and financial disruptions affected businesses of all sizes over the past dozen years. Small businesses may be particularly exposed to recessions, banking conditions, and monetary pol...

achieving an acceptable level of price growth is one of the main objectives of economic policies. with consideration to the importance of food, information on food price response to monetary policies is important. to achieve the object, scholars recently emphasize the use of models in which a wide range of economic data are included. these models are created by inclusion of one or more factors ...