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Financial stability communication: the case of the Bank of England practices

Author

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  • Hamdi Jbir

    (LéP (Laboratoire d'économie de Poitiers), University of Poitiers)

Abstract

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.

Suggested Citation

  • Hamdi Jbir, 2024. "Financial stability communication: the case of the Bank of England practices," Economics Bulletin, AccessEcon, vol. 44(4), pages 1500-1512.
    • Handle: RePEc:ebl:ecbull:eb-23-00493
    as

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    File URL: http://www.accessecon.com/Pubs/EB/2024/Volume44/EB-24-V44-I4-P120.pdf
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    References listed on IDEAS

    as
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    4. Nikkinen, Jussi & Sahlstrom, Petri, 2004. "Impact of the federal open market committee's meetings and scheduled macroeconomic news on stock market uncertainty," International Review of Financial Analysis, Elsevier, vol. 13(1), pages 1-12.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Central bank communication; Financial stability; Communication practices; Event study;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty

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    Access and download statistics

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