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Impact of the domestic and the US macroeconomic news on the Romanian stock market

Author

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  • Stefanescu, Razvan
  • Dumitriu, Ramona
  • Nistor, Costel

Abstract

This paper explores the effects of domestic and US macroeconomic announcement on the Romanian stock market. We found that some domestic macroeconomic announcement linked by the monetary policy had a consistent influence on the stock prices evolution. We also identify that some US macroeconomic news have a significant impact on the Romanian stock exchange, a fact explained by the linkages between the Romanian stock market and the international financial markets.

Suggested Citation

  • Stefanescu, Razvan & Dumitriu, Ramona & Nistor, Costel, 2011. "Impact of the domestic and the US macroeconomic news on the Romanian stock market," MPRA Paper 41623, University Library of Munich, Germany, revised 08 Sep 2011.
    • Handle: RePEc:pra:mprapa:41623
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Macroeconomic News Announcement; Romanian Stock Market; Financial Linkages;
    All these keywords.

    JEL classification:

    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • E00 - Macroeconomics and Monetary Economics - - General - - - General

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