Impact of the domestic and the US macroeconomic news on the Romanian stock market
AbstractThis 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.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 41623.
Date of creation: 08 Sep 2011
Date of revision: 08 Sep 2011
Macroeconomic News Announcement; Romanian Stock Market; Financial Linkages;
Find related papers by 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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