Volcker rule spillover effects benefited Europe and Asia: IMF paper
An International Monetary Fund paper, published on Monday, says the announcement of the Volcker rule in the US led to a marginal increase in bank share prices abroad.
Tamim Bayoumi and Trung Bui, the paper authors, investigate how event analysis using daily financial market data can provide insight into the impact of recent and likely future US policies. In particular, the authors look at the spillover effects into Asia and Europe from the Volcker rule, a piece of US legislation that limits
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