Studying The Relationship Between Stock Prices And Exchange Rates In A Sample Of Arab Countries PDF Download
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| Author | : Linda Ismaiel |
| Publisher | : |
| Total Pages | : 19 |
| Release | : 2014 |
| Genre | : |
| ISBN | : |
Download Studying the Relationship Between Stock Prices and Exchange Rates in a Sample of Arab Countries Book in PDF, ePub and Kindle
This study aims to explore the nature of the relationship between stock prices and exchange rates in a sample of Arab countries that are facing political crises, those being: Syria, Tunisia, Egypt, and Bahrain. It applies monthly time series data of the nominal and real effective exchange rates and stock prices indices for the sample countries from January 2003 to July 2013. The study utilises the Johansen cointegration test, the Vector Error Correction Model (VECM), and the Granger causality in order to test the long run and short run dynamics between the two variables of interest. The results reveal that there is no short run or long run relationship between stock prices and exchange rates in Tunisia, this holds regardless of whether the nominal or the real effective exchange rate is used; however, for the rest of the countries, the results differ according to the period of study and the measure of exchange rate that has been used. Overall, the post crisis period produced different results than the pre crisis one, and the real effective exchange rate produced different results than the nominal one. Most of the results, except those related to Tunisia, have important implications for investors and policy makers.
| Author | : Parham Parsva |
| Publisher | : LAP Lambert Academic Publishing |
| Total Pages | : 176 |
| Release | : 2012 |
| Genre | : |
| ISBN | : 9783659223105 |
Download The Relationship Between Stock Prices and Exchange Rates Book in PDF, ePub and Kindle
In spite of fast economic growth in the Middle East, less attention has been paid by researchers and investigators to the region compared with other emerging markets in the Europe, Asia-Pacific region, etc. This study investigates the relationship between stock prices and exchange rates in ten Middle Eastern countries, namely, Bahrain, Egypt, Iran, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE) before and after the 2007 global financial crisis. The main findings from this research provide valuable insights into the characteristics and patterns of Middle Eastern stock markets and foreign exchange markets for policymakers, particularly in the area of exchange rate management.
| Author | : Mahfoudh Hussein Mgammal |
| Publisher | : |
| Total Pages | : 11 |
| Release | : 2018 |
| Genre | : |
| ISBN | : |
Download The Effect of Inflation, Interest Rates and Exchange Rates on Stock Prices Comparative Study Among Two GCC Countries Book in PDF, ePub and Kindle
The main purpose of this paper is to investigate whether stock prices and exchange rates are related to each other or not. Both the short term and the long term association between these variables are discovered. The study applies monthly and quarterly data on two gulf countries, including Kingdom Saudi Arabia (KSA) and United Arab Emirate (UAE) for the period January 2008 to December 2009. The results of this study in the short term found that the exchange rate influence positively on the stock market price index for United Arab Emirate and there is no association between them for Kingdom Saudi Arabia. Moreover the study in the long term found that the exchange rate influence negatively on stock market price index for the United Arab Emirate. While no association between these variables in Kingdom Saudi Arabia.
| Author | : Stoyanka Ivanova |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2012 |
| Genre | : Economics |
| ISBN | : |
Download Correlation Between Stock Prices and Exchange Rates in Selected European and Asian Countries Book in PDF, ePub and Kindle
| Author | : Mr.Hamid R Davoodi |
| Publisher | : International Monetary Fund |
| Total Pages | : 44 |
| Release | : 2003-09-05 |
| Genre | : Business & Economics |
| ISBN | : 9781589062290 |
Download Challenges of Growth and Globalization in the Middle East and North Africa Book in PDF, ePub and Kindle
The Middle East and North Africa (MENA) is an economically diverse region. Despite undertaking economic reforms in many countries, and having considerable success in avoiding crises and achieving macroeconomic stability, the region’s economic performance in the past 30 years has been below potential. This paper takes stock of the region’s relatively weak performance, explores the reasons for this out come, and proposes an agenda for urgent reforms.
| Author | : Steve Brito |
| Publisher | : International Monetary Fund |
| Total Pages | : 21 |
| Release | : 2018-05-10 |
| Genre | : Business & Economics |
| ISBN | : 1484356349 |
Download Real Exchange Rates, Economic Complexity, and Investment Book in PDF, ePub and Kindle
We show that the response of firm-level investment to real exchange rate movements varies depending on the production structure of the economy. Firms in advanced economies and in emerging Asia increase investment when the domestic currency weakens, in line with the traditional Mundell-Fleming model. However, in other emerging market and developing economies, as well as some advanced economies with a low degree of structural economic complexity, corporate investment increases when the domestic currency strengthens. This result is consistent with Diaz Alejandro (1963)—in economies where capital goods are mostly imported, a stronger real exchange rate reduces investment costs for domestic firms.
| Author | : Mr.Saíd El-Naggar |
| Publisher | : International Monetary Fund |
| Total Pages | : 312 |
| Release | : 1993-05-15 |
| Genre | : Business & Economics |
| ISBN | : 9781557753328 |
Download Economic Development of the Arab Countries Book in PDF, ePub and Kindle
This volume, edited by Said El-Naggar, is the fifth in a series of seminars dealing with economic issues of particular importance to the Arab countries. Held in Manama, Bahrain, in February 1993, it covered topics pertaining to economic development of the Arab countries in the nineties. The seven papers that were presented comprised economic reform in the Arab countries, including particularly structural issues; investment policies and capital flows; inter-Arab labor movements; environment and development; development of human resources; and European economic integration. An overview of the topics is presented by the seminar moderator, Said El-Naggar.
| Author | : |
| Publisher | : Universal-Publishers |
| Total Pages | : 34 |
| Release | : |
| Genre | : |
| ISBN | : 1612337147 |
Download International Journal of Finance and Policy Analysis Book in PDF, ePub and Kindle
| Author | : Shaista Arshad |
| Publisher | : Springer |
| Total Pages | : 136 |
| Release | : 2016-12-22 |
| Genre | : Business & Economics |
| ISBN | : 3319478036 |
Download Stock Markets in Islamic Countries Book in PDF, ePub and Kindle
This book explores the volatility, efficiency and integration of stock markets in Islamic countries. It presents recent trends, growth and performance, before moving on to explore how patterns change during different business cycles for short-term and long-term investors, and ranks the efficiency of the various markets. It addresses how the level of market integration has been affected during different economic periods, and concludes by summarising the performance of the stock markets, suggesting potential future directions for these markets.
| Author | : John Y. Campbell |
| Publisher | : University of Chicago Press |
| Total Pages | : 444 |
| Release | : 2008-11-15 |
| Genre | : Business & Economics |
| ISBN | : 0226092127 |
Download Asset Prices and Monetary Policy Book in PDF, ePub and Kindle
Economic growth, low inflation, and financial stability are among the most important goals of policy makers, and central banks such as the Federal Reserve are key institutions for achieving these goals. In Asset Prices and Monetary Policy, leading scholars and practitioners probe the interaction of central banks, asset markets, and the general economy to forge a new understanding of the challenges facing policy makers as they manage an increasingly complex economic system. The contributors examine how central bankers determine their policy prescriptions with reference to the fluctuating housing market, the balance of debt and credit, changing beliefs of investors, the level of commodity prices, and other factors. At a time when the public has never been more involved in stocks, retirement funds, and real estate investment, this insightful book will be useful to all those concerned with the current state of the economy.
