Gulf cooperation council stock returns and the effect of domestic monetary policy shocks

Rashid Sbia, Helmi Hamdi, Bedri Kamil Onur Tas and Sahel Al Rousan

ULB Institutional Repository from ULB -- Universite Libre de Bruxelles

Abstract: The aim of this paper is to analyze the effect of monetary policy on stock returns and stock return variability in the Gulf Cooperation Council (GCC) countries namely; Bahrain, Kuwait, Oman, Qatar and Saudi Arabia (United Arab Emirates was excluded for non-availability of the data). The empirical results reveal that the impact of policy interest rates on stock markets varies among GCC countries. These results have an important policy implication for the single market project and monetary union between GCC countries.

Keywords: Gulf cooperation council countries; Monetary policy; Stock market (search for similar items in EconPapers)
Date: 2016
Note: SCOPUS: ar.j
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Published in: International Journal of Economics and Financial Issues (2016) v.6 n° 2,p.629-639

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Journal Article: Gulf Cooperation Council Stock Returns and the Effect of Domestic Monetary Policy Shocks (2016)
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