The Relation between Stock Prices and Money Supply in Pakistan : An Investigation

This paper examines the causal relationship between money supply and stock prices. The analysis indicates a long-run relationship between stock prices and money supply. The analysis further indicates unidirectional causality from Money Supply to KSE 100 Index both in the short run and in the long run. This implies that the stock market is not efficient with respect to M2 and past information regarding monetary assets can be helpful to predict movements in stock prices

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Year of publication:	2012
Authors:	Ahmad, Nawaz
Other Persons:	Husain, Fazal (contributor)
Publisher:	[2012]: [S.l.] : SSRN
Subject:	Geldmenge \| Money supply \| Pakistan \| Börsenkurs \| Share price \| Kointegration \| Cointegration \| Kausalanalyse \| Causality analysis

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Extent:	1 Online-Ressource (3 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Journal of Independent Studies and Research (JISR) Volume 5, Number2, July 2007 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 13, 2006 erstellt
Classification:	E1 - General Aggregative Models ; E4 - Money and Interest Rates ; G1 - General Financial Markets
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013106118