Capital market efficiency and the relationship between equity returns, interest rates, and monetary aggregates in Australia

1982 ◽  
Vol 34 (4) ◽  
pp. 377-385 ◽  
Author(s):  
W.P. Hogan ◽  
I.G. Sharpe ◽  
P.A. Volker
Keyword(s):  
Interest Rates ◽  
Market Efficiency ◽  
Capital Market ◽  
Equity Returns ◽  
Monetary Aggregates ◽  
The Relationship

scholarly journals PENGARUH TINGKAT INFLASI, SUKU BUNGA BI, DAN NILAI TUKAR RUPIAH TERHADAP IHSG

2021 ◽  
Vol 10 (2) ◽  
pp. 118-129
Author(s):  
Desi Ratjaya Ningsih ◽  
Nur Aida Arifah Tara ◽  
Muhdin Muhdin
Keyword(s):  
Exchange Rate ◽  
Interest Rates ◽  
Capital Market ◽  
Stock Prices ◽  
Stock Price ◽  
Quantitative Methods ◽  
Price Index ◽  
Market Conditions ◽  
Negative Effect ◽  
The Relationship

The Composite Stock Price Index (IHSG) is a description of information regarding the movements of all stock prices that affect capital market conditions and produce a trend. There are three factors that mainly influence the IHSG, namely inflation, BI interest rates, and the rupiah exchange rate. The purpose of this study was to examine the relationship between inflation, BI interest rates, rupiah exchange rate and the IHSG in the period of 2016-2020. The method in this research used quantitative methods. The results showed that inflation and BI interest rates have a negative and insignificant effect on the IHSG, while the Rupiah exchange rate has a significant negative effect on the IHSG.Keywords :IHSG, Inflasi, Suku Bunga BI, Nilai Tukar Rupiah

scholarly journals Money and inflation in Switzerland

2022 ◽  
Vol 158 (1) ◽  
Author(s):  
Peter Kugler ◽  
Samuel Reynard
Keyword(s):  
Monetary Policy ◽  
Interest Rates ◽  
Money Demand ◽  
Economic Activity ◽  
Monetary Aggregates ◽  
The Past ◽  
Exchange Rate Fluctuations ◽  
Policy Transmission ◽  
Secular Decline ◽  
The Relationship

AbstractThis paper characterizes the relationship between monetary aggregates, inflation and economic activity in Switzerland since the mid-1970s. Traditional forms of money demand and quantity theory relationships have remained stable over the whole period. Broad money excesses over trend values, accounting for a secular decline in interest rates and thus in trend velocity, have been followed by persistently higher inflation and output with the usual monetary policy transmission lags. Money and exchange rate fluctuations can explain the major inflation developments in Switzerland over the past four decades.

scholarly journals Effective capital market and the enterprise accounting system

2018 ◽  
Vol 49 (4) ◽  
pp. 63-74
Author(s):  
Małgorzata Białas-Szymańska
Keyword(s):  
Market Efficiency ◽  
Market Economy ◽  
Capital Market ◽  
Positive Feedback ◽  
Accounting System ◽  
Effective Functioning ◽  
Financial Economy ◽  
The Relationship ◽  
The Capital Market

The topic of the article is to examine the nature and structure of the relationship between the transparency of the accounting system and the efficiency of the capital market. This dependence has the character of correlation. This is a positive feedback because rational, efficient and effective functioning of the market economy, and especially the capital market, requires far-reaching transparency. Countries with a mature financial economy have introduced a number of institutional and legislative solutions that ensure the proper course of these processes. In this article the author’s concept of maps of coupling between market efficiency and complexity (transparency) of accounting is presented and discussed.

On the Efficiency of Markets for Agricultural Products: Rice Prices and Capital Markets in Java, 1823–1853

2004 ◽  
Vol 64 (4) ◽  
pp. 1028-1055 ◽  
Author(s):  
JAN LUITEN VAN ZANDEN
Keyword(s):  
Economic Development ◽  
Interest Rates ◽  
Capital Markets ◽  
Capital Market ◽  
Agricultural Products ◽  
Market Failures ◽  
Seasonal Fluctuations ◽  
Marketing System ◽  
Rice Prices ◽  
The Relationship

I use rice prices in three cities to analyze the efficiency of the marketing system and the institutional framework of Javanese agriculture, 1823–1853. I show that imperfections in rural capital markets caused the extreme fluctuations in rice prices and that the segmentation of the capital market modifies the McCloskey and Nash interpretation of the relationship between seasonal fluctuations of grain (or rice) prices and interest rates. I argue that these fluctuations proxy peasants' stress. Finally, I hypothesize that institutional and market failures explain the “noneconomic” behavior of Javanese peasants in Boeke's theory of dualistic economic development.

scholarly journals Análise da relação entre riscos e remuneração dos executivos nas empresas listadas na B3

2020 ◽  
Vol 19 (1) ◽  
pp. 149-169
Author(s):  
Rodrigo Rengel ◽  
Allison Manoel de Sousa ◽  
Januário José Monteiro ◽  
Rodrigo Malta Meurer
Keyword(s):  
Interest Rates ◽  
Executive Compensation ◽  
Capital Market ◽  
Residential Buildings ◽  
Developed Countries ◽  
Descriptive Statistics ◽  
Risk Compensation ◽  
Corporate Risk ◽  
Transmission And Distribution ◽  
The Relationship

Objective: To analyze the relationship between executive compensation and the risk of companies from different sectors of B3.Methodology: The relationship between executive compensation and the risk of 61 companies in the Abattoir sectors analyzed; Banks; Construction of residential buildings; Generation, transmission and distribution of electricity; Rental of Real Estate, and; Telecommunications, between 2011 and 2017 through descriptive statistics and through the multivariate panel model.Relevance: The influence of executive compensation on companies' risk discussed, in which the results are divergent and performed in emerging and developed countries that do not present macroeconomic characteristics, such as high rates of inflation and interest rates in the case of Brazil. In this way, this study presents evidence in this different perspective.Main Results: The findings show that executive compensation is negatively associated with corporate risk. However, the change in executive compensation influences the companies' risk. Additionally, it found that the size of the organizations is positively associated with the companies' risk, unlike the profitability of the asset, which negatively related to the risk of the companies.Theoretical contributions: The present study presents contributions regarding the incentive implications of risk compensation in companies from different sectors of the Brazilian capital market, especially considering that managers can, from their decisions, select projects that influence the risk of the company's operations.

scholarly journals A Critical Analysis of Relationship between Gold Prices and NEPSE Index

Pravaha ◽  
2020 ◽  
Vol 25 (1) ◽  
pp. 129-140
Author(s):  
Nischal Risal
Keyword(s):  
Interest Rates ◽  
Capital Market ◽  
Critical Analysis ◽  
Direct Relationship ◽  
Annual Reports ◽  
Interesting Issue ◽  
Market Index ◽  
Gold Market ◽  
Analytical Research ◽  
The Relationship

The investors’ prioritization towards the gold investment and capital market investment is really interesting issue. To clear the issue in the context of Nepal,the research paper seeks the relationship between gold prices on Nepalese capital market. The descriptive and analytical research design has been adopted in the study. The study is based on quantitative approach. The data has been collected from July 2015 to July 2018. The information on market index and gold price has been collected for the same period. The information has been collected from the annual reports of NEPSE, Nepal Gem and Jewellery Association (NEGJA),Nepal gold market and Federation of Nepal Gold and Silver Dealer’s Association(FENEGOSIDA). The comparative analyses of gold market and capital market have shown the direct relationship between these two markets. The investors ‘tendency to switch to gold investment is found risky. The gold prices and interest rates have influence on NEPSE.

International Trade and the Evolution of the American Capital Market, 1888–1911

1985 ◽  
Vol 45 (2) ◽  
pp. 405-410 ◽  
Author(s):  
William Clark ◽  
Charlie Turner
Keyword(s):  
United States ◽  
International Trade ◽  
Interest Rates ◽  
Capital Market ◽  
Credit Markets ◽  
The United States ◽  
Central Pacific ◽  
North Central ◽  
The Relationship ◽  
West North Central

We examine the relationship between international trade and regional American credit markets. The evidence presented suggests that foreign payment flows had a significant effect on the level of interest rates in the East North Central, West North Central, Pacific, and Southern regions of the United States.

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