rates exchange rates and stock market index

... between stock prices and exchange rates Although theory such as the flow and portfolio models, and the money demand equation hypothesise that a relationship should exist between exchange rates and stock ... influence the domestic stock market 21 July 2007 The Interaction Between Exchange Rates and Stock Prices: An Australian Context References Aggarwal, R 1981, “Exchange Rates and Stock Prices: A Study ... Exchange Rates and Stock Prices: An Australian Context Soenen, L.A and Hennigar, E.S 1988, “An Analysis of Exchange Rates and Stock Prices: The US Experience Between 1980 and 1986”, Akron Business and

Ngày tải lên: 19/02/2018, 23:15

... standardized and squared standardized residuals, respectively Fig 2 plots the evolution of exchange market returns and european stock prices over time The figure shows that exchange rate and stock ... effect on stock prices of exchange rates, however, the findings are not uniform (Ibrahim, 2000) Some studies give evidence of negative effects on exchange rates on stock markets (Soenen and Henningar, ... responses in correlations among the three European stock prices and exchange rate Moreover, the results indicate an increase of exchange rates and stock prices correlations during the crisis periods,

Ngày tải lên: 01/02/2020, 22:41

... to domestic stock market development (Adam and Tweneboah) FDI which was found to be a complement of stock market development has positively correlated with market capitalization and domestic ... large market capitalization firms Some studies demonstrated that foreign investors tend to prefer large market capitalization and strong financial firms (Kang and Stulz,1997; Lin and Shiu,2001; and ... higher stock returns than large-size firms (Banz,1981; Keim,1983 and Basu,1983) In regard to PB and PE ratio, some showed a negative relationship between PB ratio and stock returns ( Fama and French,1992;

Ngày tải lên: 29/11/2018, 23:54

... in Vietnam market so far This thesis tried to investigate the relationship between FII and the stock market return in Vietnam represented by Ho Chi Minh Stock market (HOSE) in mean and volatility ... Exchange NSE National Stock Exchange of India SIC Schwartz Bayesian Information Criterion SMR Stock Market Return VAR Vector Auto Regression VN-Index Vietnam Ho Chi Minh Stock Index iv TABLE OF CONTENTS ... FII flow and stock market return in three periods of time .28 Table 4.2: The results of unit root testing for FII and stock market return in periods considering intercept and trend

Ngày tải lên: 07/12/2018, 00:07

... FAZ-Index and its moving averages, the present bond market index and its first order difference and the Dollar-Mark exchange rate along with its first order difference The value of the FAZ index ... the stock market The efficient market hypothesis says that stock prices rapidly adjust to new information by the time the information becomes public knowledge, so that prediction of stock market ... additional fundamental and financial factors as inputs This project explores the effect that short and long term interest rates have on the stock market, in particular on the S&P 500 index It is well

Ngày tải lên: 13/12/2018, 16:08

... discount rates and investment strategies (Klumpes and Whittington, 2003) and the stock market reacts diff erently to the pension funding sta-tus under diff erent accounting assumptions (Klumpes and ... weighted market index and the return of the monthly return on 3 month Treasury b ills, S MBt i s t he d iff erence be tween t he r eturns o n va lue-weighted small- and big-stock portfolios and HMLt ... Sections 25.5 and 25.6 present the regression results for the market value and asset pricing models, respectively Th e last section summarizes the chapter 25.2 RELATED RESEARCH ON THE STOCK MARKET

Ngày tải lên: 28/08/2019, 08:50

... CHAPTER 8 Stocks, Stock Valuation, and  Stock Market Equilibrium   Topics in Chapter     Features of common stock Determining common stock values Efficient markets Preferred stock   Common Stock: Owners,  ... shareholders, their goal should be:   Maximize stock price   Classified Stock    Classified stock has special provisions Could classify existing stock as  founders’ shares, with voting rights but  ... a company with public stock issues  additional shares After an IPO or SEO, the stock trades in  the secondary market, such as the  NYSE or Nasdaq   Different Approaches for  Valuing Common Stock   

Ngày tải lên: 16/01/2020, 18:56

... profitability measures as ROE and ROA to stock market developments ROE and ROA are the research dependent variables (DVs) and the stock market developments (market capitalization and trading volume) are ... quality and Trang 4growth as well as profitability and market value and found that growth drove both profitability and market value [28] and [11] examined firm performance by using ROE and ROA ... significant association between market value and growth and significant and strong association between market value and profitability The ratio of the total value of stocks traded divided by GDP

Ngày tải lên: 01/02/2020, 22:43

... of this study will help stockbrokers and fund managers to understand investor behavior and advise the investors appropriately The Nairobi Securities Exchange and other market players can use these ... individual stocks that they own The independent variable was utility of gains and losses stock and price-dividend ratio The dependent variable was Stock Returns for individual and portfolio stocks ... operationalized Stock Market Reactions Stock market reaction was measured using abnormal returns Excess return ARit were computed as the difference between the stock return and the market portfolio

Ngày tải lên: 01/02/2020, 22:53

... size and stock market liquidity as stock market indicators, and found that stock market liquidity has dominance over market size He discovered that while there is a two-way causation between stock ... between stock market development and economic growth, with clear direction from stock market development to economic growth Ovat (2012) investigated the Nigerian stock market, using stock market ... GGDP and the ASI and the GGDP and market capitalization Both charts exhibit a positive correlation between market growth and stock market indicators Table 2: Descriptive statistics All-Share Index

Ngày tải lên: 01/02/2020, 22:54

... the relation between stock market and oil in GCC countries One supports the idea that there is a relationship between stock market and oil in GCC countries (see Ravichandran and Alkhathlan 2010), ... all GCC stock markets However, not all of these stock markets do have a causal relationship with oil In other words, with the exception of Bahrain’s stock market returns, all GCC stock markets ... believed that stock markets in the GCC region are positively correlated with oil Indeed, both investors and policy makers need to understand the relationship between GCC stock markets returns and oil

Ngày tải lên: 26/03/2020, 04:09

... Malaysian stock market index and the results are provided in Tables III and IV In Table III, the pre- and post-impact of the GST is examined on the volatility of Malaysian stock market index using ... factors can explain stock index return (Ross, 1976) APT takes into 19 Malaysian stock market index volatility Trang 4account the influence of economic factors on the stock market index return (Buhl ... implementation on the Malaysian stock index and provides evidence by first examining the pre- and post-GST announcement on the Malaysian stock market index volatility and second, investigating whether

Ngày tải lên: 05/06/2020, 04:09

... with firm value and stock market performance during two respective periods: 2002-2005 and 20062009 Also tested was whether an improvement could be observed for firm value and stock market performance ... value and stock market performance for the period 2006-2009 The relationships, again either positive or negative, between each Corporate Governance sub-indices with firm value and stock market ... value of listed companies as measured by Tobin Q and stock market performances of listed companies as measured by Total Return to Shareholders and Market Value Added What is represented in this...

Ngày tải lên: 06/01/2015, 19:49

... the stock exchange and the National Market System’, Journal of finance, Vol 33, pp.487–503 Heflin, F and Shaw, W.K (2000) ‘Blockholder ownership and market liquidity’, Journal of Financial and ... Comerton-Forde and Rydge (2006) Trading volume has a negative and statistically significant effect on spreads and PIMP and positive and significant effect on depth and turnover Firm size has a negative and ... al Dennis, P.J and Weston, J.P (2001) Who’s Informed? An Analysis of Stock Ownership and Informed Trading, AFA 2002 Fang, V.W., Noe, T.H and Tice, S (2009) Stock market liquidity and firm value’,...

Ngày tải lên: 19/09/2016, 11:54

... include: • exchange rate basics • basic facts about exchange rate behavior • the foreign exchange market • two key market mechanisms: arbitrage and expectations Exchange Rate Essentials • An exchange ...  Cross rate • The right-hand expression, a ratio of two exchange rates, is called a cross rate 4 Arbitrage and Spot Exchange Rates FIGURE 13-7 Arbitrage and Cross Rates Triangular arbitrage ... official market for foreign exchange and issue a law requiring people to buy and sell in that market at officially set rates But illicit dealings can persist “on the street” in black markets or...

Ngày tải lên: 23/12/2015, 15:57

... monthly exchange rate data for the following: Solutions a b c d b ■ Chapter Introduction to Exchange Rates & the Foreign Exchange Market Canada (dollar), 1980–2009 China (yuan), 1999–2005 and 2005–2009 ... forward exchange market The actions of traders seeking to exploit the arbitrage opportunity will cause the spot and forward rates to change d If the spot rate is 1.5 euros per pound, and interest rates ... release quotes these exchange rates as U.S dollars per unit of foreign currency in line with longstanding market conventions Answer: Answers will vary Consider the United States and the countries...

Ngày tải lên: 13/01/2016, 21:16

... Monetary policy and market interest rates 1.1 Central bank rates and money market rates The Eurosystem is only able to directly influence very shortterm money market interest rates It does so ... Sources : NBB, ECB (1) Germany, Austria, Finland, France and the Netherlands 38 2011 2010 2009 2011 2010 2009 2008 Central bank rates, market rates and retail bank rates in the euro area in the context ... Reserve After Central bank rates, market rates and retail bank rates in the euro area in the context of the recent crisis Chart 1 Use of the deposit facility and euro area money market interest rate...

Ngày tải lên: 15/02/2014, 05:20

... lognormal LIBOR market model and derives the FRA and forward rates dynamics under different measures and the pricing formulas for caplets and swaptions Section introduces stochastic volatility and derives ... November 25, 2008 Strikes and vols are expressed as differences from the respective ATM values Source: Bloomberg Andersen and Andreasen (2002), Piterbarg (2005), Wu and Zhang (2006) and Zhu (2007) In ... Jamshidian, F (1997) LIBOR and Swap Market Models and Measures Finance and Stochastics 1, 293-330 [17] Kijima, M., K Tanaka and T Wong (2008) A Multi-Quality Model of Interest Rates, Quantitative Finance...

Ngày tải lên: 15/03/2014, 07:20

... between exchange rates and interest rates is negative for expansionary depreciations and positive for contractionary ones The exact timing of such response of interest rates and exchange rates ... between exchange rates and interest rates is negative for expansionary depreciations and positive for contractionary ones The exact timing of such response of interest rates and exchange rates ... involving the link between interest rates and exchange rates in EMEs Figures through show the behaviour of real e¤ective exchange rates (REER) and short-term interest rates - together with some other...

Ngày tải lên: 22/03/2014, 23:20

... only for the years of floating exchange rates Movements in these exchange rates are discussed in the next section INTEREST RATES AND EXCHANGE RATES 243 Average exchange rate 150 125 Relative ... within the EMS 11.3 EXCHANGE RATES Real and nominal exchange rates Some of the main exchange rates against sterling are shown in figure 11.8 The problem with using any individual exchange rate to ... interest rates, and the bottom panel UK rates There are five main conclusions to draw from figures 11.6 and 11.7 238 MONEY AND FINANCE Box 11.1 FORWARD MARKETS AND EXPECTED CHANGES IN THE EXCHANGE...

Ngày tải lên: 29/03/2014, 01:20