出版社：Economic Laboratory for Transition Research Podgorica
摘要：The development over the last decade has offered a new perspectiveon the interaction between the stock market and the realeconomy. The growth of government debts together with the effortsto eliminate the negative impacts of the financial crisis resultedinto a wider usage of new stimulation tools to kick-start thestock markets as well as the real economy. The recent experienceswith various fiscal and monetary tools used in the USA and inJapan show that the most important tool is the growth of themoney supply, i.e. quantitative easing. A lot of economists evaluateits positive results. Also the ECB initiated the quantitativeeasing in order to support the economic growth. The aim of thispaper is to investigate the connection between the growth of theM3 monetary aggregate in the Eurozone and the growth of theEurozone stock markets
