To cite this article: Raad Mozib Lalon, Nusrat Jahan.
These macroeconomic variables are said to have strong impact on capital market. The purpose of this study is to find out if it is true for Dhaka Stock Exchange. For this purpose, data were collected for a period of twelve years from January to Decemberon variables.
Broad money supply M2 has been taken as a measure of money supply, days T-bill has been taken as a measure of short-term interest rate and CPI general inflation rate Base: Apart from that many rules and regulations were reviewed.
As to the relationship of the market indices, month-end DGEN Index and its percentage change were used in this paper. A unit root test has been done to see the stationarity of the variables because stationary data are needed for the analysis.
A pairwise correlation matrix shows that there was no multicolinearity problem. A simple OLS regression indicates a relationship with money growth, interest rate. But Granger causality test shows that there is only a slight relationship with short term interest rate, nothing else.
Overall though a short-run relationship is found between interest rate and market index; the relationship is not very strong. It is proposed that a study estimating long run impact of the explanatory variables should be taken up to know the full effect. Journal of Business and Technology Dhaka Vol.Impact of Selected Macro-Economic Variables on the Export Performance of Bangladesh Farhana Rahman Lecturer, Department of Business Administration in Finance and Banking, Bangladesh University of Professionals, Dhaka, Bangladesh Abstract: This paper investigates the short run and long run dynamics between export performance of.
and the economic variables. The VECM analyses provide some support for the argument that the lagged values of macroeconomic variables have a significant influence on the stock market. Unit Root Test Many studies have shown that most macroeconomic time series are not stationary, rather non-stationary with a deterministic trend.
Impact of Micro and Macroeconomic Variables on Emerging Stock Market Return: A Case on Dhaka Stock Exchange (DSE). Key Words- Macroeconomics, Exchange Rates, Variables 1.
Introduction. Exchange rate plays an imperative role in international trade of the country. The exchange rate is an important macroeconomic variable used as parameter for determining international competitiveness and indicates the global position of economy of the country. In this study, the impact of money supply, interest rate and inflation on Dhaka Stock Exchange (DSE) of Bangladesh is explored.
These macroeconomic variables are said to have strong impact on capital market. The purpose of this study is to find out if it is true for Dhaka Stock Exchange.
Oct 03, · The Impact of Macro Economic Variables on Stock Returns (An ARDL approach) INTRODUCTION The past few decades shows a great interaction of share returns and economic variables and that has also been a subject of interests.
And in finance it has been the most debatable topic in during last few decades. The stock returns are determined by the macroeconomic variables .