Graduation Year

2016

Date of Submission

4-2016

Document Type

Campus Only Senior Thesis

Degree Name

Bachelor of Arts

Department

Economics

Reader 1

Marc Weidenmier

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Terms of Use for work posted in Scholarship@Claremont.

Rights Information

© 2016 James Q Markwith

Abstract

This paper examines U.K financial metric data to determine whether or not the founding of the Federal Reserve had real economic effects on the U.K financial markets. To measure for real effects I use a composite stock price index collected from a variety of industries. I develop the theory using empirical conclusions from past studies on the Federal Reserve and its impact on U.S financial markets to direct my examination of the U.K markets. Although the U.K data shows that the founding of the Federal Reserve influenced short-term interest rates, the analysis does not find real effects on U.K stock prices and long-term interest rates.

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