Gulf Cooperation Council Stock Returns and the Effect of Domestic Monetary Policy Shocks
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 r...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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EconJournals
2016-04-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | http://mail.econjournals.com/index.php/ijefi/article/view/2161 |
| _version_ | 1828020642561130496 |
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| author | Rashid Sbia Helmi Hamdi Bedri Kamil Onur Tas Sahel Al Rousane |
| author_facet | Rashid Sbia Helmi Hamdi Bedri Kamil Onur Tas Sahel Al Rousane |
| author_sort | Rashid Sbia |
| collection | DOAJ |
| description |
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: Stock Market, Monetary Policy, Gulf Cooperation Council Countries
JEL Classifications: G17, G18, E43, E47
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| first_indexed | 2024-04-10T11:42:09Z |
| format | Article |
| id | doaj.art-966b6cc3a1c643868a004bbf9a9f0373 |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T11:42:09Z |
| publishDate | 2016-04-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-966b6cc3a1c643868a004bbf9a9f03732023-02-15T16:17:31ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382016-04-0162Gulf Cooperation Council Stock Returns and the Effect of Domestic Monetary Policy ShocksRashid Sbia0Helmi HamdiBedri Kamil Onur TasSahel Al RousaneSolvay Brussels School of Economics and Management 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: Stock Market, Monetary Policy, Gulf Cooperation Council Countries JEL Classifications: G17, G18, E43, E47 http://mail.econjournals.com/index.php/ijefi/article/view/2161 |
| spellingShingle | Rashid Sbia Helmi Hamdi Bedri Kamil Onur Tas Sahel Al Rousane Gulf Cooperation Council Stock Returns and the Effect of Domestic Monetary Policy Shocks International Journal of Economics and Financial Issues |
| title | Gulf Cooperation Council Stock Returns and the Effect of Domestic Monetary Policy Shocks |
| title_full | Gulf Cooperation Council Stock Returns and the Effect of Domestic Monetary Policy Shocks |
| title_fullStr | Gulf Cooperation Council Stock Returns and the Effect of Domestic Monetary Policy Shocks |
| title_full_unstemmed | Gulf Cooperation Council Stock Returns and the Effect of Domestic Monetary Policy Shocks |
| title_short | Gulf Cooperation Council Stock Returns and the Effect of Domestic Monetary Policy Shocks |
| title_sort | gulf cooperation council stock returns and the effect of domestic monetary policy shocks |
| url | http://mail.econjournals.com/index.php/ijefi/article/view/2161 |
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