Journal Article
Do international reactions of stock and bond markets reflect macroeconomic fundamentals?
Abstract: Using quarterly data for the United States, Japan, and the United Kingdom, this article investigates the relationship between changes in fundamental economic conditions and the international reactions of stock and bond markets. The author assesses the degree to which the transmission of information about fundamentals prompts the stock or bond markets in different countries to move together.
Keywords: Stock market; Bonds; International finance;
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Bibliographic Information
Provider: Federal Reserve Bank of New York
Part of Series: Quarterly Review
Publication Date: 1991
Volume: 16
Issue: Aut
Pages: 1-13