Performance of Stock and Treasury Bills under Inflation and Floating: Evidence from Egypt

Osama Wagdi, Yasmin Tarek and Nihad Edres

International Journal of Economics and Finance, 2018, vol. 10, issue 6, 160-173

Abstract: The aim of this study is comparing the performance of common stock & treasury bills, according to the central bank of Egypt and their monetary policy during the time period between ¡°1994-2017¡±, using descriptive & inferential statistical methods. The Study concluded that there is a strong positive relationship between inflation rate & returns of Egyptian treasury bills, as the same relation as with floating Egyptian pound. in addition, the study found the impact of Inflation and Floating on the return of Egyptian T-bills, but don¡¯t found this impact on the return of Egyptian common stock. Finally, the study founds the same average return but a different at variances of this return & the Coefficient of variation.

Keywords: financial market; financial instrument; stock; treasury bills; inflation; floating; interest rate; monetary policy; Egypt; EGX (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ibn:ijefaa:v:10:y:2018:i:6:p:160-173

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