Development of Relationship between Stock Market Indices and Money Supply in Poland, Czech Republic and Euro Area
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F07%3A%230000050" target="_blank" >RIV/47813059:19520/07:#0000050 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Development of Relationship between Stock Market Indices and Money Supply in Poland, Czech Republic and Euro Area
Original language description
This study is concerned to investigate the relation among stock market prices and money supply in Poland, Czech Republic and Euro Area countries. If money supply is significantly and consistently priced in stock market returns, or if developments of stock market prices are reflected in the money supply they should be cointegrated. Our study confirms this hypothesis and this relation really exists by results of our analysis. The cointegration relation indicates direct long-run and equilibrium relations with stock market indices and monetary aggregates. On the other hand, the equilibrium relation between stock markets and monetary aggregates enforces very difficult and slow.
Czech name
Vývoj vzájemné vazby mezi indexy kapitálového trhu a peněžní nabídkou v Polsku, České republice a Eurozóně
Czech description
This study is concerned to investigate the relation among stock market prices and money supply in Poland, Czech Republic and Euro Area countries. If money supply is significantly and consistently priced in stock market returns, or if developments of stock market prices are reflected in the money supply they should be cointegrated. Our study confirms this hypothesis and this relation really exists by results of our analysis. The cointegration relation indicates direct long-run and equilibrium relations with stock market indices and monetary aggregates. On the other hand, the equilibrium relation between stock markets and monetary aggregates enforces very difficult and slow.
Classification
Type
C - Chapter in a specialist book
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
<a href="/en/project/GA402%2F05%2F2758" target="_blank" >GA402/05/2758: Integration of the financial sector of the new EU member countries into the EMU</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2007
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Book/collection name
OWSIAK, S. Finasowe warunki rozwoju regionalnego po wejściu Polski do Unii Europejskiej
ISBN
83-922148-9-7
Number of pages of the result
12
Pages from-to
401-412
Number of pages of the book
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Publisher name
WSBiF Bielsko-Biala
Place of publication
Bielsko-Biala
UT code for WoS chapter
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