The DrivingFactors and Mechanism Behind the Global Financial Markets Turbulence
Abstract
Global fi nancial market witnessed some extreme volatilities in recent months. From the European gas price, to the Trea-sury bond yield of the developed economies, as well as Nasdaq and other stock markets also experienced unusual turbulence. How exactly the ‘epic perfect storm’ which hit worldwide fi nancial market looks like? And what’s the driving power and mechanism behind these impressive phenomena? Research has shown that the Russia-Ukraine confl ict, the infl ation problem, and the shifting attitude of the FED consist the complex and interacting driving factors.
Keywords
Financial market; Interest rate; European gas price; Ukraine; War; China; Fed; Infl ation; Covid
Full Text:
PDFReferences
[1] McCallum, Bennett T. (1991), “Targets, Indicators, and Instruments of Monetary Policy,” NBER Working Papers, No. 3047.
[2] Mishkin, Frederic S. (1995), “symposium on the Monetary Transmission Mechanism,” Journal of Economic Perspectives, Vol. 9,No. 4, pp. 3-10.
[3] Rossa, Robert V. (1951), “interest Rates and the Central Bank,” in Money, Trade, and Economic Growth, in Honor of John Henry Williams, New York, Macmillan: pp. 270-295.
DOI: http://dx.doi.org/10.18686/ahe.v6i19.6279
Refbacks
- There are currently no refbacks.
