For a long time, academia has had two common views about the monetary policies' affects on development environment, especially the stock market, which could be summarized as direct impacts on stock market and positive correlated relationships between stock market and money supply. Based on these two points, many people believe that the stock bubble occurred in Japan at the end of last century was caused by the loose monetary policy which was executed at that time. However, empirical results do not support such ideas.
Study on the Development Environment of Loose Monetary Policy
International Conference On Civil Engineering And Urban Planning 2012 ; 2012 ; Yantai, China
2012-07-25
Conference paper
Electronic Resource
English
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