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Performance of Stock and Treasury Bills under Inflation and Floating: Evidence from Egypt

Author

Listed:
  • Osama Wagdi
  • Yasmin Tarek
  • Nihad Edres

Abstract

The aim of this study is comparing the performance of common stock & treasury bills, according to the central bank of Egypt and their monetary policy during the time period between ¡°1994-2017¡±, using descriptive & inferential statistical methods. The Study concluded that there is a strong positive relationship between inflation rate & returns of Egyptian treasury bills, as the same relation as with floating Egyptian pound. in addition, the study found the impact of Inflation and Floating on the return of Egyptian T-bills, but don¡¯t found this impact on the return of Egyptian common stock. Finally, the study founds the same average return but a different at variances of this return & the Coefficient of variation.

Suggested Citation

  • Osama Wagdi & Yasmin Tarek & Nihad Edres, 2018. "Performance of Stock and Treasury Bills under Inflation and Floating: Evidence from Egypt," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 10(6), pages 160-173, June.
    • Handle: RePEc:ibn:ijefaa:v:10:y:2018:i:6:p:160-173
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    More about this item

    Keywords

    financial market; financial instrument; stock; treasury bills; inflation; floating; interest rate; monetary policy; Egypt; EGX;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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