Macroeconomic Determinants of the Stock Market Index for a Major Latin American Country and Policy Implications

Macroeconomic Determinants of the Stock Market Index for a Major Latin American Country and Policy Implications

by Yu Hsing

NOOK Book(eBook)

$2.99
Available on Compatible NOOK Devices and the free NOOK Apps.
LendMe® See Details
Want a NOOK ? Explore Now

Overview

Macroeconomic Determinants of the Stock Market Index for a Major Latin American Country and Policy Implications by Yu Hsing, Michael Budden, Antoinette Phillips

Applying the exponential GARCH model and based on a quarterly sample during
1998.Q1-2011.Q2, we find that the Argentine stock market index is positively associated with
real GDP, the ratio of M2 money supply to GDP, the peso/USD exchange rate and the U.S.
stock market index. It is negatively influenced by the money market rate, government
spending as a percent of GDP and the inflation rate. Hence, a strong domestic economy, a
lower interest rate, an increased money supply as a percent of GDP, lower government
spending as a percent of GDP, depreciation of the Argentine peso, a lower inflation rate, or a
robust U.S. stock market would help the Argentine stock market.

Product Details

BN ID: 2940148462545
Publisher: ReadCycle
Publication date: 10/08/2013
Sold by: Barnes & Noble
Format: NOOK Book
File size: 128 KB

Customer Reviews

Most Helpful Customer Reviews

See All Customer Reviews