Impact of the domestic and the US macroeconomic news on the Romanian stock market

Razvan Stefanescu, Ramona Dumitriu and Costel Nistor

MPRA Paper from University Library of Munich, Germany

Abstract: This paper explores the effects of domestic and US macroeconomic announcement on the Romanian stock market. We found that some domestic macroeconomic announcement linked by the monetary policy had a consistent influence on the stock prices evolution. We also identify that some US macroeconomic news have a significant impact on the Romanian stock exchange, a fact explained by the linkages between the Romanian stock market and the international financial markets.

Keywords: Macroeconomic News Announcement; Romanian Stock Market; Financial Linkages (search for similar items in EconPapers)
JEL-codes: E00 G14 (search for similar items in EconPapers)
Date: 2011-09-08, Revised 2011-09-08
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:41623

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