2023
DOI: 10.1016/j.heliyon.2023.e15758
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Stock market reaction to US interest rate hike: evidence from an emerging market

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Cited by 8 publications
(3 citation statements)
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“…Huong T.T Le and Lai Van Vo explored the effect of interest hikes on the stability of the banks in the US, and they proved that the interest rates are correlated with the bank's unrealized losses, will have a great influence on the HIM and a rise in interest rates could lead to huge losses for banks [2]. A study by Jeongsim Kim shows that the hikes pose greater challenges for emerging countries, different firms react differently based on their size, amount of exports, and foreign investors [3]. Kim evaluated the global impacts of this hike and focused on the Korean economy.…”
Section: Literature Reviewmentioning
confidence: 99%
See 1 more Smart Citation
“…Huong T.T Le and Lai Van Vo explored the effect of interest hikes on the stability of the banks in the US, and they proved that the interest rates are correlated with the bank's unrealized losses, will have a great influence on the HIM and a rise in interest rates could lead to huge losses for banks [2]. A study by Jeongsim Kim shows that the hikes pose greater challenges for emerging countries, different firms react differently based on their size, amount of exports, and foreign investors [3]. Kim evaluated the global impacts of this hike and focused on the Korean economy.…”
Section: Literature Reviewmentioning
confidence: 99%
“…Emerging economies are facing some financial crises and difficulties in capital outflow due to appreciated dollars and striking debt. For example countries like Korea, where many investors changed their market and left the Korean market, which influenced the Korean economy and the stock market [3].…”
Section: Fig 2 Us Inflation Rate [6]mentioning
confidence: 99%
“…In emerging market countries, capital outflow to the U.S. caused by the hikes is not likely to return to the original economy in the short run, thus requiring monetary authorities in those countries to take action to prevent a shrinking economy [3]. Another study, with the goal of evaluating the postpandemic interest rate hikes' impact on stock market values, discovered solid proof that exports and overseas investors significantly influence company worth when there is a U.S. interest rate shock [4].…”
Section: Literature Reviewmentioning
confidence: 99%