[AGGARWAL, R., (1981), Exchange Rates and Stock Prices: A Study of U.S. Capital Market under Floating Exchange Rates, Akron Business and Economic Review, Vol. 3, No. 9, pp.7–12.]Search in Google Scholar
[AIZENMAN, J., CHINN, M. D., ITO, H., (2016), Monetary policy spillovers and the trilemma in the new normal: Periphery country sensitivity to core country conditions, Journal of International Money and Finance, Vol. 68, pp.298-330. DOI: 10.1016/j.jimonfin.2016.02.00810.1016/j.jimonfin.2016.02.008]Search in Google Scholar
[ALBERTAZZI, U., BECKER, B., BOUCINHA, M., (2018), Portfolio rebalancing and the transmission of large-scale asset programmes: evidence from the euro area, ECB Working Paper No. 2125. Available at SSRN: https://ssrn.com/abstract=3116084.10.2139/ssrn.3116084]Search in Google Scholar
[BERNANKE, B. S., REINHART, V. R., SACK, B., (2004), Monetary policy alternatives at the zero bound: An empirical assessment, Brookings papers on economic activity, 2004, Vol. 2, pp.1-100. DOI: 10.1353/eca.2005.000210.1353/eca.2005.0002]Search in Google Scholar
[BERNANKE, B. S., REINHART, V. R., (2004), Conducting monetary policy at very low short-term interest rates, American Economic Review, Vol. 94, No. 2, pp.85-90. DOI: 10.1257/000282804130211810.1257/0002828041302118]Search in Google Scholar
[BERNANKE, B. S., (2012), Monetary Policy since the Onset of the Crisis, Remarks at the Federal Reserve Bank of Kansas City Economic Symposium, Jackson Hole, Wyoming, 2012.09.31., Online: http://www.federalreserve.gov/newsevents/speech/bernanke20120831a.pdf.]Search in Google Scholar
[BLANCHARD, O., CERUTTI, E., SUMMERS, L., (2015), Inflation and Activity - Two Explorations and their Monetary Policy Implications, IMF Working Papers, 2015/230.10.3386/w21726]Search in Google Scholar
[BORIO, C., DISYATAT, P., (2010), Unconventional monetary policies: an appraisal, The Manchester School, Vol. 78, pp.53-89. DOI: 10.1111/j.1467-9957.2010.02199.x10.1111/j.1467-9957.2010.02199.x]Search in Google Scholar
[BRŮHA, J., TONNER, J., (2018), Independent Monetary Policy Versus a Common Currency: A Macroeconomic Analysis for the Czech Republic Through the Lens of an Applied DSGE Model, CNB Working Paper Series, Czech National Bank, No. 2018/19.]Search in Google Scholar
[CIARLONE, A., COLABELLA, A., (2018), International Spillovers of Non-standard Monetary Policy: Evidence From Central and Eastern Europe In. FERRARA et al. (eds.), International Macroeconomics in the Wake of the Global Financial Crisis, Springer International Publishing AG, Vol. 46, pp. 271-300.10.1007/978-3-319-79075-6_14]Search in Google Scholar
[CSIKI, M., KISS, G. D., (2018), Capital Market Contagion in the Stock Markets of Visegrád Countries Based on the Heckman Selection Model, Financial and Economic Review, Vol. 17, No. 4, pp.23-52.10.25201/FER.17.4.2352]Search in Google Scholar
[CZECZELI, V., (2017), Az EKB mennyiségi lazítási programjának tapasztalatai’, Európai tükör, Vol. 20, No. 1, pp.103-126.]Search in Google Scholar
[DEMIR, İ., (2014), Monetary policy responses to the exchange rate: Empirical evidence from the ECB, Economic Modelling, Vol. 39, pp.63-70. DOI: 10.1016/j.econmod.2014.02.02410.1016/j.econmod.2014.02.024]Search in Google Scholar
[ELLISON, M., TISCHBIREK, A., (2014), Unconventional government debt purchases as a supplement to conventional monetary policy, Journal of Economic Dynamics and Control, Vol. 43, pp.199-217. DOI: 10.1016/j.jedc.2014.03.01210.1016/j.jedc.2014.03.012]Search in Google Scholar
[EKSI, O., TAS, B. K. O., (2017), Unconventional monetary policy and the stock market’s reaction to Federal Reserve policy actions, The North American Journal of Economics and Finance, Vol. 40, pp.136-147. DOI: 10.1016/j.najef.2017.02.00410.1016/j.najef.2017.02.004]Search in Google Scholar
[ESER, F., SCHWAAB, B., (2016), Evaluating the impact of unconventional monetary policy measures: Empirical evidence from the ECB׳ s Securities Markets Programme, Journal of Financial Economics, Vol. 119, No. 1, pp.147-167. DOI: 10.1016/j.jfineco.2015.06.00310.1016/j.jfineco.2015.06.003]Search in Google Scholar
[FALAGIARDA, M., MCQUADE, P., TIRPÁK, M., (2015), Spillovers from the ECB’s non-standard monetary policies on non-euro area EU countries: evidence from an event-study analysis, No. 1869. ECB working paper.]Search in Google Scholar
[FARMER, R. E. A., (2013), Qualitative easing: a new tool for the stabilisation of financial markets, Bank of England Quarterly Bulletin, Vol. 53, No. 4, pp.405–413.]Search in Google Scholar
[FASSAS, A. P., PAPADAMOU, S., (2018), Unconventional monetary policy announcements and risk aversion: evidence from the US and European equity markets, The European Journal of Finance, Vol. 24, No. 18, pp.1885-1901. DOI: 10.1080/1351847X.2018.149694310.1080/1351847X.2018.1496943]Search in Google Scholar
[FAUSCH, J., SIGONIUS, M., (2018), The impact of ECB monetary policy surprises on the German stock market, Journal of Macroeconomics, Vol. 55, pp.46-63. DOI: 10.1016/j.jmacro.2017.09.00110.1016/j.jmacro.2017.09.001]Search in Google Scholar
[FELCSER, D., SOÓS, G. D., VÁRADI, B., (2015), A kamatcsökkentési ciklus hatása a magyar makrogazdaságra és a pénzügyi piacokra, Hitelintézeti Szemle, Vol. 14, pp.39-59.]Search in Google Scholar
[FRANKEL, J., (2011), Monetary Policy in Emerging Markets, in: FRIEDMAN B. M., Woodford M. (eds.): Handbook of Monetary Economics, Elsevier, pp.1441-1499]Search in Google Scholar
[FRATZSCHER, M., DUCA, M. L., STRAUB, R., (2016), ECB unconventional monetary policy: Market impact and international spillovers, IMF Economic Review, Vol. 64, No. 1, pp.36-74. DOI: 10.1057/imfer.2016.510.1057/imfer.2016.5]Search in Google Scholar
[FRATZSCHER, M., (2012), Capital flows, push versus pull factors and the global financial crisis, Journal of International Economics, Vol. 88, No. 2, pp.341-356. DOI: 10.1016/j.jinteco.2012.05.00310.1016/j.jinteco.2012.05.003]Search in Google Scholar
[GABRISCH, H., (2017), Monetary policy independence reconsidered: evidence from six non-euro members of the European Union, Empirica, Vol. 44, No. 3, pp.567-584. DOI: 10.1007/s10663-016-9337-310.1007/s10663-016-9337-3]Search in Google Scholar
[GAGNON, J. E., BAYOUMI, T., LONDONO, J. M., SABOROWSKI, C., SAPRIZA, H., (2017), Direct and spillover effects of unconventional monetary and exchange rate policies, Open Economies Review, Vol. 28, No. 2, pp.191-232. DOI: 10.1007/s11079-017-9437-010.1007/s11079-017-9437-0]Search in Google Scholar
[GERTLER, M., KARADI, P., (2011), A model of unconventional monetary policy, Journal of monetary Economics, Vol. 58, No. 1, pp.17-34. DOI: 10.1016/j.jmoneco.2010.10.00410.1016/j.jmoneco.2010.10.004]Search in Google Scholar
[GOLDSTEIN, I., WITMER, J., YANG, J., (2018), Following the Money: Evidence for the Portfolio Balance Channel of Quantitative Easing, Bank of Canada, Staff Working Paper 2018-33.]Search in Google Scholar
[GREENE, W. H., (2003), Econometric analysis, Pearson Education, India.]Search in Google Scholar
[HABIB, M. M., STRACCA, L. (2012), Getting beyond carry trade: What makes a safe haven currency?, Journal of International Economics, Vol. 87, No. 1, pp.50-64. DOI: 10.1016/j.jinteco.2011.12.00510.1016/j.jinteco.2011.12.005]Search in Google Scholar
[HAITSMA, R., UNALMIS, D., de HAAN, J., (2016), The impact of the ECB’s conventional and unconventional monetary policies on stock markets, Journal of Macroeconomics, Vol. 48, pp.101-116. DOI: 10.1016/j.jmacro.2016.02.00410.1016/j.jmacro.2016.02.004]Search in Google Scholar
[HAMORI, S., HAMORI, N., (2010), Introduction of the euro and the monetary policy of the European Central Bank, World Scientific, 2010.10.1142/7169]Search in Google Scholar
[HERYÁN, T., TZEREMES, P. G., (2017), The bank lending channel of monetary policy in EU countries during the global financial crisis, Economic modelling, Vol. 67, pp.10-22. DOI: 10.1016/j.econmod.2016.07.01710.1016/j.econmod.2016.07.017]Search in Google Scholar
[HOFMANN, B., TAKÁTS, E., (2015), International Monetary Spillovers, BIS Quarterly Review, September 2015, Available at SSRN: https://ssrn.com/abstract=2661596.]Search in Google Scholar
[IM, K. S., PESARAN, M. H., Shin, Y., (2003), Testing for unit roots in heterogeneous panels, Journal of econometrics, Vol. 115, No. 1, pp.53-74. DOI: 10.1016/S0304-4076(03)00092-710.1016/S0304-4076(03)00092-7]Search in Google Scholar
[ITO, T., (2014), We are all QE-sians now, Institute for Monetary and Economic Studies, Bank of Japan, Discussion Paper, (2014-E), Vol. 5.]Search in Google Scholar
[JÄGER, J., GRIGORIADIS, T., (2017), The effectiveness of the ECB’s unconventional monetary policy: Comparative evidence from crisis and non-crisis Euro-area countries, Journal of International Money and Finance, Vol. 78, pp.21-43. DOI: 10.1016/j.jimonfin.2017.07.02110.1016/j.jimonfin.2017.07.021]Search in Google Scholar
[JAMMAZI, R., FERRER, R., JARENO, F., HAMMOUDEH, S., (2017), Main driving factors of the interest rate-stock market Granger causality, International Review of Financial Analysis, Vol. 52, pp.260–280. DOI: 10.1016/j.irfa.2017.07.00810.1016/j.irfa.2017.07.008]Search in Google Scholar
[JOYCE, M., MILES, D., SCOTT, A., VAYANOS, D., (2012), Quantitative easing and unconventional monetary policy–an introduction, The Economic Journal, Vol. 122, No. 564, pp.F271-F288. DOI: 10.1111/j.1468-0297.2012.02551.x10.1111/j.1468-0297.2012.02551.x]Search in Google Scholar
[KENOURGIOS, D., DRAKONAKI, E., DIMITRIOU, D., (2019), ECB’s unconventional monetary policy and cross-financial-market correlation dynamics, The North American Journal of Economics and Finance, Vol. 50, 101045. DOI: 10.1016/j.najef.2019.10104510.1016/j.najef.2019.101045]Search in Google Scholar
[KHOLODILIN, K., MONTAGNOLI, A., NAPOLITANO, O.,SILIVERSTOVS, B., (2009), Assessing the impact of the ECB’s monetary policy on the stock markets: A sectoral view, Economics Letters, Vol. 105, No. 3, pp.211-213. DOI: 10.1016/j.econlet.2009.08.00610.1016/j.econlet.2009.08.006]Search in Google Scholar
[KISS, Á., SZILÁGYI, K., (2014), Miért más ez a válság, mint a többi? Az adósságleépítés szerepe a nagy recesszióban, Közgazdasági Szemle, Vol. 61, No. 9, pp.949-974.]Search in Google Scholar
[KISS, G. D., CSIKI, M., VARGA, J. Z., (2019), Comparing the IMF and the ESM through Bond Market Premia in the Eurozone, Public Finance Quarterly, Vol. 64, No. 2, pp.281-296.]Search in Google Scholar
[KREKÓ, J., BALOGH, Cs., LEHMANN, K., MÁTRAI, R., PULAI, G,, VONNÁK, B., (2012), Nemkonvencionális jegybanki eszközök alkalmazásának nemzetközi tapasztalatai és hazai lehetőségei, MNB-Tanulmányok 100., Budapest.]Search in Google Scholar
[KRYZANOWSKI, L., ZHANG, J., ZHONG, R., (2017), Cross-financial-market correlations and quantitative easing, Finance Research Letters, Vol. 20, pp.13-21. DOI: 10.1016/j.frl.2016.06.01110.1016/j.frl.2016.06.011]Search in Google Scholar
[KUCHARČUKOVÁ, O. B., CLAEYS, P., VAŠÍČEK, B., (2016), Spillover of the ECB’s monetary policy outside the euro area: How different is conventional from unconventional policy?, Journal of Policy Modeling, Vol. 38, No. 2, pp. 199-225. DOI: 10.1016/j.jpolmod.2016.02.00210.1016/j.jpolmod.2016.02.002]Search in Google Scholar
[LIPPAI-MAKRA, E., RÁDÓCZI, Zs., KOVÁCS, Zs., (2019), Intellectual capital disclosure of Hungarian and Czech Listed firms, European Financial and Accounting Journal, [forthcoming]10.18267/j.efaj.229]Search in Google Scholar
[MAGGIO, M. D., KERMANI, A., PALMER, C., (2016), How quantitative easing works: Evidence on the refinancing channel, No. w22638, National Bureau of Economic Research.10.3386/w22638]Search in Google Scholar
[PÁL, T., (2018), Characteristics and perspectives of the European quantitative easing, Review of Economics Theory and Practice, Vol. 13, No. 4, pp.138-167.10.14267/RETP2018.04.07]Search in Google Scholar
[PELLE, A,. VÉGH, M., (2019), How has the Eurozone Changed Since its Inception?, Public Finance Quarterly, Vol. 64, No. 1, pp.127-145.]Search in Google Scholar
[RANALDO, A., SÖDERLIND, P., (2010), Safe Haven Currencies, Review of Finance, Vol. 14, No. 3, pp.385-407. DOI: 10.1093/rof/rfq00710.1093/rof/rfq007]Search in Google Scholar
[RIGOBON, R., (2003), Identification through heteroskedasticity, Review of Economics and Statistics, Vol. 85, No. 4, pp.777-792. DOI: 10.1162/00346530377281572710.1162/003465303772815727]Search in Google Scholar
[ROBINSON, T., STONE, A., (2006), Monetary Policy, Asset-Price Bubbles, and the Zero Lower Bound, In Monetary Policy with Very Low Inflation in the Pacific Rim, NBER-EASE, Vol. 15, pp.43-90. University of Chicago Press.10.7208/chicago/9780226379012.003.0003]Search in Google Scholar
[SÁGI, J., LENTNER, C., (2019), Post-crisis trends in household credit market behavior: evidence from Hungary, Banks and Bank Systems, Vol. 14, No. 3, pp.162-174. DOI: 10.21511/bbs.14(3).2019.1410.21511/bbs.14(3).2019.14]Search in Google Scholar
[SHIRAI, S., (2014), Japan’s monetary policy in a challenging environment, Eurasian Economic Review, Vol. 4, No.1, pp.3-24. DOI: 10.1007/s40822-014-0006-110.1007/s40822-014-0006-1]Search in Google Scholar
[STAVÁREK, D., (2010), Exchange Market Pressure and De Facto Exchange Rate Regimes in the Euro Candidates, Romanian Journal of Economic Forecasting, Vol. 0, No. 2, pp.119-139.]Search in Google Scholar
[STEELEY, J. M., (2017), The effects of quantitative easing on the integration of UK capital markets, The European Journal of Finance, Vol. 23, No. 11, pp.999-1024. DOI: 10.1080/1351847X.2015.106763510.1080/1351847X.2015.1067635]Search in Google Scholar
[TAYLOR, J. B., WILLIAMS J. C., (2011), Simple and Robust Rules for Monetary Policy, in: FRIEDMAN B. M., WOODFORD M. (eds.): Handbook of Monetary Economics, Elsevier, pp.829-856.10.1016/B978-0-444-53454-5.00003-7]Search in Google Scholar
[TAMAKOSHI, G., HAMORI, S., (2014), Co–movements among major European exchange rates: A multivariate time-varying asymmetric approach, International Review of Economics and Finance, Vol. 31, pp.105-113. DOI: 10.1016/j.iref.2014.01.01610.1016/j.iref.2014.01.016]Search in Google Scholar
[TARAFÁS, I., (2016), Kinyílnak-e az őszirózsák? Kitekintés a válság utáni monetáris politikára, Közgazdasági Szemle, Vol. 63, No. 5, pp.548-563. DOI: 10.18414/KSZ.2016.5.54810.18414/KSZ.2016.5.548]Search in Google Scholar
[THORNTON, D. L., (2014), QE: is there a portfolio balance effect?, Federal Reserve Bank of St. Louis Review, Vol. 96, No. 1, pp.55-72.10.20955/r.96.55-72]Search in Google Scholar
[VARGHESE, R., ZHANG, Y. S., (2018), A New Wave of ECB’s Unconventional Monetary Policies: Domestic Impact and Spillovers, International Monetary Fund.10.2139/ssrn.3120338]Search in Google Scholar
[WANG, Y. C., WANG, C. W., HUANG, C. H., (2015), The impact of unconventional monetary policy on the tail risks of stock markets between US and Japan, International Review of Financial Analysis, Vol. 41, pp.41-51. DOI: 10.1016/j.irfa.2015.05.02010.1016/j.irfa.2015.05.020]Search in Google Scholar
[WOODFORD, M., (2012), Inflation targeting and financial stability, NBER Working Paper No.17967, National Bureau of Economic Research, 2012.10.3386/w17967]Search in Google Scholar