Investigating Iran's Financial Markets Influenceability of the Global Economy Using Continuous Wavelet Transform
Global economic activities and economic policies uncertainty can affect a country's financial markets and the performance of financial markets has also a strong impact on other parts of the economy. In this study, we try to examine Iran's Financial Markets Influenceability of the Global Ec...
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| Format: | Article |
| Language: | fas |
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Alzahra University
2022-12-01
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| Series: | راهبرد مدیریت مالی |
| Subjects: | |
| Online Access: | https://jfm.alzahra.ac.ir/article_6791_bfc272cb88d641a8141b53e39f669caa.pdf |
| _version_ | 1797903333992693760 |
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| author | Parvin Hosseininia Shahram Fattahi Kiomars Sohaili |
| author_facet | Parvin Hosseininia Shahram Fattahi Kiomars Sohaili |
| author_sort | Parvin Hosseininia |
| collection | DOAJ |
| description | Global economic activities and economic policies uncertainty can affect a country's financial markets and the performance of financial markets has also a strong impact on other parts of the economy. In this study, we try to examine Iran's Financial Markets Influenceability of the Global Economy using continuous wavelet transform. For this purpose, the dynamic relationship among Kilian global economic index and Uncertainty of global economic policy with Iran's financial markets, including gold coin, currency and stock markets, is analyzed. The time period used is the period from January 1, 2003 to June 31, 2019, and on a monthly basis. The results show that fluctuations in the Killian index have significant effects on stock market and gold market fluctuations. The highest correlation between Kilian index and financial markets has occurred in the medium and long term. However, the correlation between economic policy uncertainty index and financial markets has been mainly in the long or medium term. There is a correlation between three markets of gold, currency and stocks throughout the sample period. |
| first_indexed | 2024-04-10T09:31:13Z |
| format | Article |
| id | doaj.art-ab1f666ef7804212bc9f7ffa50a14627 |
| institution | Directory Open Access Journal |
| issn | 2345-3214 2538-1962 |
| language | fas |
| last_indexed | 2024-04-10T09:31:13Z |
| publishDate | 2022-12-01 |
| publisher | Alzahra University |
| record_format | Article |
| series | راهبرد مدیریت مالی |
| spelling | doaj.art-ab1f666ef7804212bc9f7ffa50a146272023-02-19T04:55:50ZfasAlzahra Universityراهبرد مدیریت مالی2345-32142538-19622022-12-01104315410.22051/jfm.2023.38377.26136791Investigating Iran's Financial Markets Influenceability of the Global Economy Using Continuous Wavelet TransformParvin Hosseininia0Shahram Fattahi1Kiomars Sohaili2Master of Economic Sciences, Faculty of Social Sciences, Razi UniversityAssociate Professor of Economics, Department of Economics, Faculty of Social Sciences, Razi UniversityAssociate Professor of Economics, Department of Economics, Faculty of Social Sciences, Razi UniversityGlobal economic activities and economic policies uncertainty can affect a country's financial markets and the performance of financial markets has also a strong impact on other parts of the economy. In this study, we try to examine Iran's Financial Markets Influenceability of the Global Economy using continuous wavelet transform. For this purpose, the dynamic relationship among Kilian global economic index and Uncertainty of global economic policy with Iran's financial markets, including gold coin, currency and stock markets, is analyzed. The time period used is the period from January 1, 2003 to June 31, 2019, and on a monthly basis. The results show that fluctuations in the Killian index have significant effects on stock market and gold market fluctuations. The highest correlation between Kilian index and financial markets has occurred in the medium and long term. However, the correlation between economic policy uncertainty index and financial markets has been mainly in the long or medium term. There is a correlation between three markets of gold, currency and stocks throughout the sample period.https://jfm.alzahra.ac.ir/article_6791_bfc272cb88d641a8141b53e39f669caa.pdfkilian indexeconomic policy uncertaintyiranian financial marketswavelet coherency |
| spellingShingle | Parvin Hosseininia Shahram Fattahi Kiomars Sohaili Investigating Iran's Financial Markets Influenceability of the Global Economy Using Continuous Wavelet Transform راهبرد مدیریت مالی kilian index economic policy uncertainty iranian financial markets wavelet coherency |
| title | Investigating Iran's Financial Markets Influenceability of the Global Economy Using Continuous Wavelet Transform |
| title_full | Investigating Iran's Financial Markets Influenceability of the Global Economy Using Continuous Wavelet Transform |
| title_fullStr | Investigating Iran's Financial Markets Influenceability of the Global Economy Using Continuous Wavelet Transform |
| title_full_unstemmed | Investigating Iran's Financial Markets Influenceability of the Global Economy Using Continuous Wavelet Transform |
| title_short | Investigating Iran's Financial Markets Influenceability of the Global Economy Using Continuous Wavelet Transform |
| title_sort | investigating iran s financial markets influenceability of the global economy using continuous wavelet transform |
| topic | kilian index economic policy uncertainty iranian financial markets wavelet coherency |
| url | https://jfm.alzahra.ac.ir/article_6791_bfc272cb88d641a8141b53e39f669caa.pdf |
| work_keys_str_mv | AT parvinhosseininia investigatingiransfinancialmarketsinfluenceabilityoftheglobaleconomyusingcontinuouswavelettransform AT shahramfattahi investigatingiransfinancialmarketsinfluenceabilityoftheglobaleconomyusingcontinuouswavelettransform AT kiomarssohaili investigatingiransfinancialmarketsinfluenceabilityoftheglobaleconomyusingcontinuouswavelettransform |