Pith Number

pith:5RJLXH7A

pith:2026:5RJLXH7A3APS5TCJWIZR4TTZBD

not attested not anchored not stored refs pending

The Asset Price Channel of Monetary Policy: Evidence from Regional Stock-Market Developments in the Successor States of Former Yugoslavia

Stefan Tanevski

Monetary policy transmits through stock prices in finance and telecom sectors across former Yugoslav states but not in manufacturing or electricity.

arxiv:2605.14575 v1 · 2026-05-14 · econ.GN · q-fin.EC · stat.ME

Open paper page JSON Open Graph Bundle Merged state Verified badge What is a Pith Number?

Add to your LaTeX paper

\usepackage{pith}
\pithnumber{5RJLXH7A3APS5TCJWIZR4TTZBD}

Prints a linked badge after your title and injects PDF metadata. Compiles on arXiv. Learn more · Embed verified badge

Record completeness

1 Bitcoin timestamp

2 Internet Archive

3 Author claim open · sign in to claim

4 Citations open

5 Replications open

✓ Portable graph bundle live · download bundle · merged state

The bundle contains the canonical record plus signed events. A mirror can host it anywhere and recompute the same current state with the deterministic merge algorithm.

Claims

C1strongest claim

Overall, we document presence of the asset price channel in the finance and telecom sectors, likely driven by the established multinational corporate networks fostering sub-market regionalization. Yet, this is not the case for the manufacturing and electricity sectors.

C2weakest assumption

That the constructed regional sectoral indices and the panel VAR plus PMG framework can isolate the asset price channel of monetary policy without significant identification problems, omitted variables, or data fragmentation issues that would invalidate the sector-specific impulse responses.

C3one line summary

Monetary policy transmits through the asset price channel in finance and telecom sectors of former Yugoslav states but shows no such effect in manufacturing or electricity.

Receipt and verification

First computed	2026-05-17T23:39:05.426576Z
Builder	pith-number-builder-2026-05-17-v1
Signature	Pith Ed25519 (`pith-v1-2026-05`) · public key
Schema	pith-number/v1.0

Canonical hash

ec52bb9fe0d81f2ecc49b2331e4e7908ffdd4f205347893c885ce753fc7695af

Aliases

arxiv: 2605.14575 · arxiv_version: 2605.14575v1 · doi: 10.48550/arxiv.2605.14575 · pith_short_12: 5RJLXH7A3APS · pith_short_16: 5RJLXH7A3APS5TCJ · pith_short_8: 5RJLXH7A

Agent API

Resolver JSON Graph JSON Events JSON Schema Signing key

Verify this Pith Number yourself

curl -sH 'Accept: application/ld+json' https://pith.science/pith/5RJLXH7A3APS5TCJWIZR4TTZBD \
  | jq -c '.canonical_record' \
  | python3 -c "import sys,json,hashlib; b=json.dumps(json.loads(sys.stdin.read()), sort_keys=True, separators=(',',':'), ensure_ascii=False).encode(); print(hashlib.sha256(b).hexdigest())"
# expect: ec52bb9fe0d81f2ecc49b2331e4e7908ffdd4f205347893c885ce753fc7695af

Canonical record JSON

{
  "metadata": {
    "abstract_canon_sha256": "250e9121239afaefa28336a0af05d5574dbefc4d9d5aa4f91ffde004ff7e973b",
    "cross_cats_sorted": [
      "q-fin.EC",
      "stat.ME"
    ],
    "license": "http://creativecommons.org/licenses/by/4.0/",
    "primary_cat": "econ.GN",
    "submitted_at": "2026-05-14T08:48:02Z",
    "title_canon_sha256": "9ded61753edf480d57efedf828d4635811a2691f01f4f165106d6c707d1f973d"
  },
  "schema_version": "1.0",
  "source": {
    "id": "2605.14575",
    "kind": "arxiv",
    "version": 1
  }
}