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Pourrions-nous utiliser l'Euribor comme taux de rendement sans risque dans la région Arabe ?

Could we use the Euribor as risk-free rate return in Arabic region?

Ali Bendob () and Benahmed-Daho, Rachida

MPRA Paper from University Library of Munich, Germany

Abstract: The analysts and evaluators in the financial market needs to risk free rate return (RFRR) to take the financing and investment decisions. This paper aims to study and analyze the causal relationship between Euribor rate and stock prices in the Arab stock exchanges, at level of nine Arab stock markets namely: Abu Dhabi, Bahrein, Morocco, Dubai, Egypt, Kuwait,Muscat, Qatar and Saudia during 2007 -2013. The results showed a strong inverse relationship between the Euribor rate and stock prices in the Arab stock exchanges, and that the Euribor rate can be used as an indicator for the pricing in Arab Stock markets.

Keywords: EURIBOR; risk free rate return; Arab Stock market; interest rate . (search for similar items in EconPapers)
JEL-codes: C32 G12 G21 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ara and nep-cfn
Date: 2017-03, Revised 2017-06
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Published in Chercheur Economique 7 (2017): pp. 7-19

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