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| Author | : Gehan Saleh |
| Publisher | : |
| Total Pages | : 238 |
| Release | : 2008 |
| Genre | : |
| ISBN | : |
| Author | : Parham Parsva |
| Publisher | : LAP Lambert Academic Publishing |
| Total Pages | : 176 |
| Release | : 2012 |
| Genre | : |
| ISBN | : 9783659223105 |
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 | : Justin Nelson Michael |
| Publisher | : |
| Total Pages | : 9 |
| Release | : 2018 |
| Genre | : |
| ISBN | : |
The economy of a nation is driven by a robust securities market. The growth of a nation is indubitably based on the strength and stability of its secondary market systems and intermediaries. The mobilization of funds and its flow into diverse sectors of the economy in a regulated manner signifies dynamism and progress. The Egyptian economy has been in a trajectory of progress right since the establishment of its secondary market and its stock index EGX 30 in 2009. The Egyptian pound (EGP) has been focus of Egyptian monetary policy due to undue stress on the pound during the recent years. The Central Bank of Egypt (CBE) has been in the forefront of all monetary measures to stabilise the pound. The growth and development of a nation is charted by the changing economic and business environment. Any change in the foreign exchange market is sure to leave its footprint in the secondary market. All researchers in the field of foreign exchange management have been intrigued by the relationship between secondary market and forex market. Many an investigation has been undertaken to find if there is a significant relation between stock prices and exchange rates. The recent transition in Egyptian economy to a floating rate mechanism and efforts to stabilize the pound have attracted researchers to find out the effects of such a monetary change. The relationship between securities market and forex market has to be given a serious thought before any decision pertaining to forex market policy and regulation. This study analyses the dynamic relationship between stock market and exchange rate in Egypt using Engle-Granger cointegration methodology and Granger causality test.
| Author | : Linda Ismaiel |
| Publisher | : |
| Total Pages | : 19 |
| Release | : 2014 |
| Genre | : |
| ISBN | : |
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 | : Mahfoudh Hussein Mgammal |
| Publisher | : |
| Total Pages | : 11 |
| Release | : 2018 |
| Genre | : |
| ISBN | : |
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 | : Lokman Gunduz |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2002 |
| Genre | : |
| ISBN | : |
This paper examines the causality between the exchange rates and stock prices in the Middle East and North Africa Region before and after Asian financial crisis. Applying a non-causality testing procedure developed by Toda and Yamamoto (1995), we empirically find that there is a unidirectional Granger causality from exchange rates to stock prices for Israel and Morocco before and after the Asian financial crisis, and for Jordan only after the crisis. However the causality runs from stock prices to exchange rates for Turkey after the Asian financial crisis. Moreover, we do not find any support for causal relationship between these two variables for Egypt. These findings have implications regarding the influence of exchange rates on the development of stock markets and the effect of financial crises on the relation between stock prices and exchange rates.
| Author | : Priyanka Pahwa |
| Publisher | : |
| Total Pages | : 26 |
| Release | : 2013 |
| Genre | : |
| ISBN | : |
| Author | : Seteney Khalid Shami |
| Publisher | : NYU Press |
| Total Pages | : 502 |
| Release | : 2016-11-15 |
| Genre | : Education |
| ISBN | : 1479827789 |
Afterword: Middle East Studies for the New Millennium: Infrastructures of Knowledge -- Appendix: Producing Knowledge on World Regions: Overview of Data Collection and Project Methodology, 2000-Present -- About the Contributors -- Index
| Author | : |
| Publisher | : |
| Total Pages | : 576 |
| Release | : 2009-07 |
| Genre | : Dissertations, Academic |
| ISBN | : |
| Author | : Mr.Hamid R Davoodi |
| Publisher | : International Monetary Fund |
| Total Pages | : 44 |
| Release | : 2003-09-05 |
| Genre | : Business & Economics |
| ISBN | : 9781589062290 |
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.
