IDEAS home Printed from https://ideas.repec.org/p/erg/wpaper/0723.html
   My bibliography  Save this paper

On the Linkage between Monetary Policy and MENA Stock Markets

Author

Listed:
  • Samy Bennaceur

    (Laboratoire d’Economie et Finance Appliquées)

  • Adel Boughrara
  • Samir Ghazouani

Abstract

Using a sample of eight MENA region countries this study tries to understand whether there is an interaction between asset markets and monetary policy. The nature of the relationship between asset price movements and monetary policy is currently a hotly debated topic in macroeconomics. Relatively little empirical evidence is available that estimates the relationship between asset price movements and monetary policy measures. From a comparative perspective, promising results reflect a significant effect of an appropriate monetary policy on stock market development especially in Bahrain, Egypt, Morocco, Saudi Arabia and Tunisia using a VAR methodology. On the other hand, the responsiveness of stock markets differs across these MENA countries. In some countries stock market return depicts an upward tendency while in other countries it declines or do react at all.

Suggested Citation

  • Samy Bennaceur & Adel Boughrara & Samir Ghazouani, 2007. "On the Linkage between Monetary Policy and MENA Stock Markets," Working Papers 0723, Economic Research Forum, revised Dec 2007.
    • Handle: RePEc:erg:wpaper:0723
    as

    Download full text from publisher

    File URL: http://www.erf.org.eg/CMS/getFile.php?id=1175
    Download Restriction: no
    File URL: http://www.erf.org.eg/cms.php?id=NEW_publication_details_working_papers&publication_id=933
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:erg:wpaper:0723. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sherine Ghoneim (email available below). General contact details of provider: https://edirc.repec.org/data/erfaceg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.