WPŁYW ZMIANY REFERENCYJNEJ STOPY PROCENTOWEJ NA WOLUMEN OBROTÓW NA GIEŁDZIE PAPIERÓW WARTOŚCIOWYCH W WARSZAWIE
IMPACT OF CHANGES IN REFERENCE INTEREST RATE ON THE VOULME OF TRADING ON THE WARSAW STOCK EXCHANGE

Summary/Abstract: The issue presents the relationship between capital market and monetary policy. The event study methodology is used to assess the effects of reference interest rate changes in volume of trading on The Warsaw Stock Exchange. Special attention was paid to the study of literature, in which is shown the relationship between monetary policy and capital market. Based on these results show, there is no short-term relationship between the number of shares in trade and changes in reference interest rate.

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