scholarly journals Impact of money supply on stock bubbles

2013 ◽  
Vol 61 (7) ◽  
pp. 2835-2842 ◽  
Author(s):  
Martin Širůček
Keyword(s):  
Money Supply ◽  
Empirical Analysis ◽  
Capital Market ◽  
Stock Index ◽  
Bubble Rise ◽  
Market Capitalization ◽  
Macroeconomic Factor ◽  
Dow Jones Industrial Average ◽  
The Us ◽  
Average Index

This article focuses on the effect and implications of changes in money supply in the US on stock bubble rise on the US capital market, which is represented by the Dow Jones Industrial Average index. This market was chosen according to the market capitalization. The attention of the paper is drawn to issues – if according to the results of empirical analysis, the money supply is a significant factor which causes the bubbles and if during the time the significance and impact of this macroeconomic factor on stock index increase.

scholarly journals Effect of money supply on the Dow Jones Industrial Average stock index

2012 ◽  
Vol 60 (2) ◽  
pp. 399-408
Author(s):  
Martin Širůček
Keyword(s):  
Stock Market ◽  
Money Supply ◽  
Asset Prices ◽  
Share Price ◽  
Stock Index ◽  
Price Indices ◽  
Monetary Aggregate ◽  
Dow Jones Industrial Average ◽  
The Us ◽  
The Usa

This focus of this paper are the effects and implications of a change in the money supply for share price indices in the USA during 1959–2011. The money supply will be measured by the M2 and MZM aggregates (money with zero maturity). The US stock market is represented by the Dow Jones Industrial Average index. The objective of this paper is to find, describe and evaluate the effects of changes to the money supply (M2 and MZM) on the US stock market. A partial objective of this paper is to determine whether a change in the monetary aggregate shows in the stock index immediately or with a delay of several weeks. Another aim is to determine whether asset prices influence the money supply.

scholarly journals TINGKAT INTEGRASI PASAR MODAL INDONESIA DENGAN PASAR MODAL GLOBAL

2018 ◽  
Vol 4 (2) ◽  
Author(s):  
Dedy Saputra
Keyword(s):  
Correlation Coefficient ◽  
Capital Markets ◽  
Capital Market ◽  
Composite Index ◽  
Stock Index ◽  
Analysis Tool ◽  
Global Capital ◽  
Market Index ◽  
Dow Jones Industrial Average ◽  
German Stock

This study aims to determine the level of capital market interation Indonesia (Jakarta Composite Index) with American capital markets (Dow Jones Industrial Average), England (FTSE 100 Index), German (Deutsche Borse AG German Stock Index), Hongkong (Hang Seng) and Japan (Nikkei 225). The result of this study expected to become an information for investment actors in deciding to invest at the stockmarket. These variables include the Indonesian capital market as the dependent variable and the global capital markets as an independent variable. Analysis tool is the correlation coefficient and t test. It is used to determine the significance of the correlation coefficient between independent variables and the dependent variable. Based on the calculation of the correlation coefficient is exemplified that the market index Indonesian capital market and the five major global capital markets has been integrated on various classification levels of relationships or different integration. The level of integration between Indonesian capital market and capital markets of America and Japan are very strong level of integration, the German stock market has stronglevel integration, and England and Hong Kong capital market has low level integration.

scholarly journals Pengaruh Jumlah Uang Beredar terhadap Inflasi dan BI Rate serta Dampaknya terhadap Indeks LQ45 di Bursa Efek Indonesia (BEI) Periode 2010 – 2014

2018 ◽  
Vol 8 (1) ◽  
pp. 27
Author(s):  
Fathorrahman Fathorrahman ◽  
Imam Suaydi
Keyword(s):  
Money Supply ◽  
Capital Market ◽  
Stock Exchange ◽  
Capital City ◽  
Stock Index ◽  
Test Results ◽  
Analysis Method ◽  
Supply Effect ◽  
Positive Effect ◽  
The Capital Market

The capital market is an important instrument in the economy of a country, because the capital market also reflects the state of the country's economy. Capital market in Indonesia is the Indonesia Stock Exchange (IDX) based in the capital city, Jakarta. In the Indonesian stock exchange there are different classifications of stock indices, but the stock index movements are frequently used reference is LQ45. Many factors affect the movement of shares in the Indonesia Stock Exchange (IDX) especially LQ45, among others, the money supply, inflation and the BI Rate. On the other hand, the money supply also has an influence on inflation and BI Rate. The purpose of this study was to determine how the effect of the money supply directly against inflation and BI Rate, and how it impacts indirectly against LQ45 through inflation and BI Rate in Indonesia during the period 2010-2014. In this study, the population used is LQ45 and sample research is LQ45 period 2010-2014. Data analysis method used in this research is the analysis of the path (path analysis). In this study the data Inflation, BI Rate in the data each month during the study period of 2010 to 2014 on the website of Bank Indonesia (BI) (www.bi.go.id) and the data amount of money every month during the study period of 2010 to 2014 in Central Bureau of Statistics. The test results show the effect of which has been carried out during the study period (2010 - 2014) that the first structure money supply shows the influence of the (positive) is significant, in both structure money supply showed a positive effect (not significant), And the third structure shows that the money supply effect (positive) significant to LQ45, money supply no effect on inflation, money supply shows effect results (not significant) of the BI Rate. And for intervening results show that the variable inflation and BI rate can not be used as an intervening variable in the study

Religion and Religiosity in the US

2017 ◽  
Author(s):  
Detlef Pollack ◽  
Gergely Rosta
Keyword(s):  
Social Inequality ◽  
Empirical Analysis ◽  
Western Europe ◽  
Modern Society ◽  
Religion And Politics ◽  
Economic Conditions ◽  
Religious Practices ◽  
The Us ◽  
The Empirical Analysis

Although the countries of Western Europe are very similar to the US in terms of their social, political, and economic conditions, they differ greatly when it comes to religion. Chapter 10 discusses how these differences can be explained. The empirical analysis shows that, besides the considerable differences in the level of religiosity between the US and Western Europe, there are also surprising similarities in the weakening church ties and religious practices. The findings demonstrate that it is in many respects not Europe but America that is the exception. This relates among other things to the level of social inequality, which is unusually high for a modern society, the strong tendencies towards functional dedifferentiation, such as between religion and politics, and the traditionalism of the culturally accepted system of values.

scholarly journals The Innovation of Government Bonds in the Growth of an Emergent Capital Market

2021 ◽  
Vol 7 (1) ◽  
pp. 103
Author(s):  
Cordelia Onyinyechi Omodero ◽  
Philip Olasupo Alege
Keyword(s):  
Capital Market ◽  
Research Work ◽  
Government Bonds ◽  
Market Capitalization ◽  
Market Growth ◽  
Explanatory Variables ◽  
The Government ◽  
The Impact ◽  
Total Market ◽  
The Capital Market

The growth of an emerging capital market is necessary and requires all available resources and inputs from various sources to realize this objective. Several debates on government bonds’ contribution to Nigeria’s capital market developmental growth have ensued but have not triggered comprehensive studies in this area. The present research work seeks to close the breach by probing the impact of government bonds on developing the capital market in Nigeria from 2003–2019. We employ total market capitalization as the response variable to proxy the capital market, while various government bonds serve as the independent variables. The inflation rate moderates the predictor components. The research uses multiple regression technique to assess the explanatory variables’ impact on the total market capitalization. At the same time, diagnostic tests help guarantee the normality of the regression model’s data distribution and appropriateness. The findings reveal that the Federal Government of Nigeria’s (FGN) bond is statistically significant and positive in influencing Nigeria’s capital market growth. The other predictor variables are not found significant in this study. The study suggests that the Government should improve on the government bonds’ coupon, while still upholding the none default norm in paying interest and refunding principal to investors when due.

Rajeev Pundir

2021 ◽  
Vol 17 (2) ◽  
pp. 105-113
Author(s):  
Rajeev Pundir
Keyword(s):  
Capital Markets ◽  
Capital Market ◽  
Poverty Line ◽  
Vital Role ◽  
Capital Inflows ◽  
Share Price ◽  
Stock Index ◽  
Recent Past ◽  
Indian Government ◽  
Asset Class

Put not your trust in money, but put your money in trust.”A capital market can provide huge impetus to the development of any economy .so, it can be said that the growth and sustainability of capital markets plays an important role towards the development of the economy. It is being observed that huge fluctuations are happening in Indian capital market in recent past, but with the help of proper mechanism, which is being observed in India and after examining various risk factors involved in capital markets, we attempt to say that the growth which has been observed in Indian capital market in recent past is a realty, but not a myth. Right from the independence, thanks to steps initiated by the Indian government especially after the post liberalization era. A huge growth has been observed in the aspects of quality and quantity. Huge increase has been observed in the volumes of trade. We know that capital markets play a vital role in Indian economy, the growth of capital markets will be helpful in raising the per-capita income of the individuals, decrease the levels of un-employment, and thus reducing the number of people who lies below the poverty line. With the increasing awareness in the people they start investing in capital markets with long-term orientations, which would provide capital inflows to the sectors requiring financial assistance.“Hedge risk; make the derivatives market your investment option”Derivative is finally engineered instruments which derive its value from price of a specific asset. Value of Equity Derivatives is derived from share price of any company or share index. In India trading of two types of derivatives are permitted – Futures and Options. Derivatives trading desks face a growing number of challenges – more sophisticated derivative instruments, fiercer competition, and stricter risk reporting and compliance requirements. It is now common to trade options with multi-asset-class underlying instruments quoted in different currencies, such as an option offering the best return between a Brazilian bond and a U.S. stock index. Investor uses the derivatives as an edged sword. Derivatives instruments are like a mother’s womb that cares of her baby (Investor) from volatility in the market. In nutshell this study is an effort to analyze the trading mechanism which has been followed by the investors in current scenario.

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