Impact of Monetary Drivers on a Global Firm.docx

Protests during the national anthem alleging that the

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protests during the national anthem, alleging that the protests were what was causing the NFL's decline in ratings, and thereby Papa John's decline in sales. These comments and the alleged pressure Papa John's has put on the NFL to resolve the issue caused a furor that led to Schnatter's ousting as CEO. The market responded negatively to the headlines, and the stock languished below $60.00 for several weeks from a high in the mid 80s earlier this year. As in any headline effect driven decline in stock price, this may represent a dislocation from the stock's fundamentals
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References Avdjiev, S., Bruno, V., Koch, C., & Shin, H. S. (2018). The dollar exchange rate as a global risk factor: evidence from investment. IMF Economic Review , 1-23. Banerjee, R., Devereux, M. B., & Lombardo, G. (2016). Self-oriented monetary policy, global financial markets and excess volatility of international capital flows. Journal of International Money and Finance , 68 , 275-297. McCauley, R. N., McGuire, P., & Sushko, V. (2015). Global dollar credit: links to US monetary policy and leverage. Economic Policy , 30 (82), 187-229.
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  • Spring '16
  • Economics, International Monetary Fund

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