出版社：“Victor Slăvescu‿Centre for Financial and Monetary Research
摘要：This paper examines the reaction of the Romanian financial markets to the changes of monetary policies in the US during 2013. Using daily data for Bucharest Stock Exchange main equity index, EURRON exchange rate, 5 and 2 year government bond price index and 5 year government CDS (USD) price, we found a statistically significant negative reaction to the tapering news, similar in many respects with the reactions of other financial developed and emerging markets in the region. Also, we found that the reactions only manifested on the short term and were reduced in amplitude.
