THE RELATIONSHIP BETWEEN THE OIL PRICES AND STOCK PRICES: AN APPLICATION IN BIST CHEMICAL, OIL, PLASTIC INDEX

This paper investigates factors affecting Vietnam’s stock prices including US stock prices, foreign exchange rates, gold prices and crude oil prices. Using the daily data from 2005 to 2012, the results indicate that Vietnam’s stock prices are influenced by crude oil prices. In addition, Vietnam’s stock prices are also affected significantly by US stock prices, and foreign exchange rates over the period before the 2008 Global Financial Crisis. There is evidence that Vietnam’s stock prices are highly correlated with US stock prices, foreign exchange rates and gold prices for the same period. Furthermore, Vietnam’s stock prices were cointegrated with US stock prices both before and after the crisis, and with foreign exchange rates, gold prices and crude oil prices only during and after the crisis.

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Dynamic Relationship between Crude Oil and Stock Prices in India: Before And After the Subprime Financial Crisis 2008

GIS Business ◽

10.26643/gis.v14i6.11683 ◽

2019 ◽

Vol 14 (6) ◽

pp. 96-104

Author(s):

P. Sakthivel ◽

S. Rajaswaminathan ◽

R. Renuka ◽

N. R.Vembu

Keyword(s):

Financial Crisis ◽

Crude Oil ◽

Stock Prices ◽

Oil Prices ◽

Energy Index ◽

Data Set ◽

Dynamic Relationship ◽

Crude Oil Prices ◽

Long Run ◽

Before And After

This paper empirically discovered the inter-linkages between stock and crude oil prices before and after the subprime financial crisis 2008 by using Johansan co-integration and Granger causality techniques to explore both long and short- run relationships. The whole data set of Nifty index, Nifty energy index, BSE Sensex, BSE energy index and oil prices are divided into two periods; before crisis (from February 15, 2005 to December31, 2007) and after crisis (from January 1, 2008 to December 31, 2018) are collected and analyzed. The results discovered that there is one-way causal relationship from crude oil prices to Nifty index, Nifty energy index, BSE Sensex and BSE energy index but not other way around in both periods. However, a bidirectional causality relationship between BSE Energy index and crude oil prices during post subprime financial crisis 2008. The co-integration results suggested that the absence of long run relationship between crude oil prices and market indices of BSE Sensex, BSE energy index, Nifty index and Nifty energy index before and after subprime financial crisis 2008.

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The Relationship Between Stock Prices and Characteristics of the Trading Volume Changes: KOSPI 200 Sector and Index Trading

Journal of Korea Research Association of International Commerce ◽

10.29331/jkraic.2019.10.19.5.1 ◽

2019 ◽

Vol 19 (5) ◽

pp. 1-23

Author(s):

Jung-Do Roh ◽

Sang-Won Hwang

Keyword(s):

Stock Prices ◽

Trading Volume ◽

Volume Changes ◽

The Relationship

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An Empirical Research on the Relationship between Real Estate Prices and Inflation

Applied Mechanics and Materials ◽

10.4028/www.scientific.net/amm.55-57.1992 ◽

2011 ◽

Vol 55-57 ◽

pp. 1992-1996

Author(s):

Tie Qun Li

Keyword(s):

Real Estate ◽

Stock Prices ◽

Test Analysis ◽

Social Demand ◽

The Real Estate ◽

Key Factor ◽

Negative Effect ◽

Labor Service ◽

Real Estate Prices ◽

The Relationship

The former researches referring to inflation and real estate prices concentrated mainly on the stock prices rather than the real estate prices. Owing to the enlarging ratio of real estate industry in national economy with each passing day, as well as the overheating real estate prices in recent years, the relationship between real estate prices and inflation is particularly vital to the monetary policy making for the monetary authorities. According to the test analysis of data from 2001 to 2009, it is found that real estate prices is Granger Cause of inflation while inflation is not the Granger Cause of real estate prices in this paper. Through the Effects of Wealth, Credit and Tobin, real estate prices drive the growth of social consumption and investments and expand the total social demand which possess an positive effect on inflation; nevertheless the rising of real estate prices causes the rising of currency for real estate purchasing, which, under the circumstance of that currency supply remains, will inevitably bring about the reduction of currency for other consumption and investments and restrain the total social demand which would mean a suppression of continuous rising of prices of other commodity and labor service. All these show that real estate also has a negative effect on inflation. The cancellations between the two effects make the long-term influence real estate bearing on inflation is not obvious. The experimental results indicate that when the price of real estate rises 1%, inflation only rises 0.058%. Consequently, a strict controlling of the amount of money issued is the key factor for keeping the over rapid rising of real estate prices from leading to inflation.

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