EXAMINING LONG RUN RELATIONSHIP BETWEEN STOCK PRICE INDEX AND MONETARY VARIABLES IN IRAN

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

KARIMZADEH M.; KARIMZADEH M.A.

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: Iranian Journal of Economic Research Year:2006 | Volume:8 | Issue:26 Page(s): 41-54

Download Full-Text

Persian Verion

View:

4,092

Download:

Cites:

Information Journal Paper

Title

EXAMINING LONG RUN RELATIONSHIP BETWEEN STOCK PRICE INDEX AND MONETARY VARIABLES IN IRAN

Author(s)

KARIMZADEH M. | KARIMZADEH M.A. | Issue Writer Certificate

Keywords

STOCK PRICE INDEXQ3

REAL EXCHANGE RATEQ2

PORTFOLIO THEORYQ3

CAPITAL ASSETQ3

PRICING MODELQ3

FISHER THEORYQ2

ARDL APPROACHQ2

Abstract

In this paper, we study the long run relationship between the monetary variables, monetary policy, and the stock prices in Iran. Theoretical basis of the model rely upon portfolio and Fisher theories. Monetary variables such as M2, interest rate and foreign exchange rate can explain the fluctuations of STOCK PRICE INDEX. We find a long run relationship among these variables using the cointegration ARDL APPROACHes. Results show that there is a significant and positive long run relationship between TEPIX (Tehran STOCK PRICE INDEX) and M2 a negative relationship between TEPIX and foreign exchange rate and a negative but weak relationship between TEPIX and interest rate.

Cites

References

Cite

APA: Copy

KARIMZADEH, M., & KARIMZADEH, M.A.. (2006). EXAMINING LONG RUN RELATIONSHIP BETWEEN STOCK PRICE INDEX AND MONETARY VARIABLES IN IRAN. IRANIAN ECONOMIC RESEARCH, 8(26), 41-54. SID. https://sid.ir/paper/2668/en

Vancouver: Copy

KARIMZADEH M., KARIMZADEH M.A.. EXAMINING LONG RUN RELATIONSHIP BETWEEN STOCK PRICE INDEX AND MONETARY VARIABLES IN IRAN. IRANIAN ECONOMIC RESEARCH[Internet]. 2006;8(26):41-54. Available from: https://sid.ir/paper/2668/en

IEEE: Copy

M. KARIMZADEH, and M.A. KARIMZADEH, “EXAMINING LONG RUN RELATIONSHIP BETWEEN STOCK PRICE INDEX AND MONETARY VARIABLES IN IRAN,” IRANIAN ECONOMIC RESEARCH, vol. 8, no. 26, pp. 41–54, 2006, [Online]. Available: https://sid.ir/paper/2668/en

Related Journal Papers