The Cost of Transacting in the Jordanian Capital Market

Ghassan Omet ()
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Ghassan Omet: Department of Finance, University of Jordan

No 101, Working Papers from Economic Research Forum

Abstract: This paper provides a measure of transaction costs in the Amman Stock Exchange (ASE) and examines its determinants. After discussing the economic importance of financial systems in general and stock markets in particular, this paper argues that transaction costs are an essential prerequisite for stock markets in fulfilling their economic roles. Based on the statistical analysis, it is concluded that transaction costs in ASE are relatively high and that trading volume and price volatility are major determinant factors of this cost.

Pages: 10 pages
Date: 2001-04-01, Revised 2001-04-01
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Citations: View citations in EconPapers (1)

Published by The Economic Research Forum (ERF)

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