000			01423nam a2200229 4500
999			_c52997 _d52997
003			OSt
005			20191203131536.0
008			191203b ||||| |||| 00| 0 eng d
100			_aRai, Anoop _935256
245			_aCentral bank target rates and term structure of interest rates: A study of six Asia-Pacific countries
300			_a223-238 p.
520			_aGranger causality tests find that the official interest rate (OIR) changes made by the central banks of Australia, China, India, South Korea, Philippines, and Taiwan cause OIR changes at other central banks, but no central bank dominates in its impact. Event study tests show that OIR announcements impact short-term market interest rates more than long-term market interest rates in their own countries. Our study shows that announcements by India and China have the largest impact on the other four countries. Markets anticipate OIR changes consistent with the objective of transparency by monetary authorities to reduce economy uncertainty for market participants.
653			_aOfficial discount rate
653			_aMonetary transmission
653			_aTarget rates
653			_aTerm structure C
653			_acentral bank announcements
700			_aSeth, rama _935257
700			_aWhite, Nancy _935258
773	0		_026346 _977275 _aRAVI aNSHUMAN V. _dBANGOLRE IIM BANGALORE 2011 _o55511085 _tIIMB Management Review _x09793896
942			_2ddc _cJA-ARTICLE