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Unconventional and Conventional Monetary Policy Spillovers to Advanced and Emerging Stock Markets

Pradiptarathi Panda et al.

Journal of Emerging Market Finance2026https://doi.org/10.1177/09726527251408565article
AJG 2ABDC B
Weight
0.37

Abstract

This article examines the impact of spillovers from unconventional and conventional monetary policies during and after the COVID-19 pandemic. The study analyses eight countries—five advanced economies (Australia, Canada, New Zealand, the United Kingdom, and the United States) and three emerging economies (Brazil, India, and South Africa), to assess monetary policy spillovers across eight sectors from 2019 to 2025, using the event study methodology. The results indicate that emerging markets experienced greater sectoral monetary policy spillovers than advanced economies. In the case of conventional monetary policy spillovers, both advanced and emerging markets responded similarly. Monetary policy is one of the most effective policies for guiding sectoral dynamics. The results of this study may help investors and policymakers. JEL Codes : E4, E44, E5

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https://doi.org/https://doi.org/10.1177/09726527251408565

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@article{pradiptarathi2026,
  title        = {{Unconventional and Conventional Monetary Policy Spillovers to Advanced and Emerging Stock Markets}},
  author       = {Pradiptarathi Panda et al.},
  journal      = {Journal of Emerging Market Finance},
  year         = {2026},
  doi          = {https://doi.org/https://doi.org/10.1177/09726527251408565},
}

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Unconventional and Conventional Monetary Policy Spillovers to Advanced and Emerging Stock Markets

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Evidence weight

0.37

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.16 × 0.4 = 0.06
M · momentum0.53 × 0.15 = 0.08
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

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