اختبار العلاقة بين يوريبور وأسعار الأسهم في البورصات الناشئة دراسة قياسية خلال الفترة 1999- 2010

Testing the relationship between EURIBOR and share prices in emerging stock markets Econometric study during the period 1999-2010

Fatma Bennaceur and Ali Bendob

MPRA Paper from University Library of Munich, Germany

Abstract: This study aims to highlight the impact of policy lending by international banks in Europe on equity prices in emerging stock markets (Argentina, Mexico, Tel Aviv, Malaysia, Hong Kong) during the period 1999-2010, using linear regression models and the concept of Granger causality tests in 1988, the study concluded and there is a significant inverse relationship between the rate of lending between international banks in Europe (EURIBOR) and Equity prices in emerging stock markets, as there is a causal relationship with the importance in both directions between them, which calls for policymakers in developing countries, taking into account the policy of lending by international banks in Europe when formulating monetary policy, economic, and strategic objectives.

Keywords: EURIBOR; share prices; emerging stock markets; the concept of Granger causality tests in 1988. (search for similar items in EconPapers)
JEL-codes: E12 G1 G11 G14 G21 (search for similar items in EconPapers)
Date: 2013-11, Revised 2014-02
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:76077

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