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Hamdi Jbir |
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''Financial stability communication: the case of the Bank of England practices'' |
( 2024, Vol. 44 No.4 ) |
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This paper investigates the impact of the Bank of England's (BoE) financial stability communication practices on the stock market returns of banking and non-banking institutions. The communication practices are reflected in frequency, tools and scheduling of communication. The event study results show that the practices have no effect on market participants' reaction. Furthermore, the results show that market participants react to information content independently of practices. |
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Keywords: Central bank communication, Financial stability, Communication practices, Event study |
JEL: G2 - Financial Institutions and Services: General D8 - Information, Knowledge, and Uncertainty: General |
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Manuscript Received : Oct 28 2023 | | Manuscript Accepted : Dec 30 2024 |
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