Stock Prices and Real Exchange Rate Movements in the Gulf Cooperation Council
In this paper, we examine the interaction between stock prices and the real and nominal exchange rates in the Gulf Cooperation Council (GCC) economies (including only Kuwait (KW) and Saudi Arabia (SA). We consider the real and the nominal exchange rates of US dollar in terms of the Saudi Riyal and...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
EconJournals
2017-01-01
|
| Series: | International Journal of Economics and Financial Issues |
| Online Access: | https://www.econjournals.com/index.php/ijefi/article/view/3631 |
| _version_ | 1797921529097355264 |
|---|---|
| author | Khalifa Hassanain |
| author_facet | Khalifa Hassanain |
| author_sort | Khalifa Hassanain |
| collection | DOAJ |
| description |
In this paper, we examine the interaction between stock prices and the real and nominal exchange rates in the Gulf Cooperation Council (GCC) economies (including only Kuwait (KW) and Saudi Arabia (SA). We consider the real and the nominal exchange rates of US dollar in terms of the Saudi Riyal and Kuwaiti Dinar and the values of Saudi and Kuwaiti Exchange Stock Exchange indexes. The purpose is to investigate relationship between the volatility in stock prices in these markets and the large swings in global currencies given their alternative exchange rate arrangements.
Keywords: Stock prices, Exchange rate, real exchange rate
JEL Classifications: F32 G15
|
| first_indexed | 2024-04-10T14:17:13Z |
| format | Article |
| id | doaj.art-21258a44d62448168a46614a17530f49 |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T14:17:13Z |
| publishDate | 2017-01-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-21258a44d62448168a46614a17530f492023-02-15T16:09:28ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382017-01-0171Stock Prices and Real Exchange Rate Movements in the Gulf Cooperation CouncilKhalifa Hassanain In this paper, we examine the interaction between stock prices and the real and nominal exchange rates in the Gulf Cooperation Council (GCC) economies (including only Kuwait (KW) and Saudi Arabia (SA). We consider the real and the nominal exchange rates of US dollar in terms of the Saudi Riyal and Kuwaiti Dinar and the values of Saudi and Kuwaiti Exchange Stock Exchange indexes. The purpose is to investigate relationship between the volatility in stock prices in these markets and the large swings in global currencies given their alternative exchange rate arrangements. Keywords: Stock prices, Exchange rate, real exchange rate JEL Classifications: F32 G15 https://www.econjournals.com/index.php/ijefi/article/view/3631 |
| spellingShingle | Khalifa Hassanain Stock Prices and Real Exchange Rate Movements in the Gulf Cooperation Council International Journal of Economics and Financial Issues |
| title | Stock Prices and Real Exchange Rate Movements in the Gulf Cooperation Council |
| title_full | Stock Prices and Real Exchange Rate Movements in the Gulf Cooperation Council |
| title_fullStr | Stock Prices and Real Exchange Rate Movements in the Gulf Cooperation Council |
| title_full_unstemmed | Stock Prices and Real Exchange Rate Movements in the Gulf Cooperation Council |
| title_short | Stock Prices and Real Exchange Rate Movements in the Gulf Cooperation Council |
| title_sort | stock prices and real exchange rate movements in the gulf cooperation council |
| url | https://www.econjournals.com/index.php/ijefi/article/view/3631 |
| work_keys_str_mv | AT khalifahassanain stockpricesandrealexchangeratemovementsinthegulfcooperationcouncil |