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

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

video

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

sound

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

Persian Version

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

View:

379
مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Download:

0
مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Cites:

Information Journal Paper

Title

The Test of Money Neutrality In Stock Market of Iran

Pages

  137-162

Abstract

 In recent years, the role of stock market in the economy of Iran is growing. Therefore, it is important to recognize the factors affecting to this market. Changes in the money supply can be one of this factors, so this study investigates long run Neutrality of Money in the stock market of Iran. In this regard, quarterly data of monetary aggregates M1, M2 and the real stock indexes that is total index, industrial index and financial index are employed in this study over the period 1380 to 1394. Then, Hegy test was used for unit root test of seasonal data. The Fisher-Seater (FS) methodology is used to do the Neutrality test in this research. The empirical results indicated that there was long-run Neutrality of Money (defined as M1) with respect to all real stock indexes. Similar results were also obtained for money defined as M2. In general, the results support that money is neutral in the stock market of Iran.

Cites

  • No record.

    • References

  • No record.

    • Cite

    APA: Copy

    MONJAZEB, MOHAMMAD REZA, RAFEI, MEYSAM, & AHMADI, MARYAM. (2020). The Test of Money Neutrality In Stock Market of Iran. JOURNAL OF APPLIED THEORIES OF ECONOMICS, 6(4 ), 137-162. SID. https://sid.ir/paper/399161/en

    Vancouver: Copy

    MONJAZEB MOHAMMAD REZA, RAFEI MEYSAM, AHMADI MARYAM. The Test of Money Neutrality In Stock Market of Iran. JOURNAL OF APPLIED THEORIES OF ECONOMICS[Internet]. 2020;6(4 ):137-162. Available from: https://sid.ir/paper/399161/en

    IEEE: Copy

    MOHAMMAD REZA MONJAZEB, MEYSAM RAFEI, and MARYAM AHMADI, “The Test of Money Neutrality In Stock Market of Iran,” JOURNAL OF APPLIED THEORIES OF ECONOMICS, vol. 6, no. 4 , pp. 137–162, 2020, [Online]. Available: https://sid.ir/paper/399161/en

    Related Journal Papers

  • No record.

    • Related Seminar Papers

  • No record.

    • Related Plans

  • No record.

    • Recommended Workshops






    Move to top
    telegram sharing button
    whatsapp sharing button
    linkedin sharing button
    twitter sharing button
    email sharing button
    email sharing button
    email sharing button
    sharethis sharing button