Money and Stock Prices in Czech Republic, Turkey 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%2F08%3A%230000142" target="_blank" >RIV/47813059:19520/08:#0000142 - isvavai.cz</a>
Result on the web
—
DOI - Digital Object Identifier
—
Alternative languages
Result language
angličtina
Original language name
Money and Stock Prices in Czech Republic, Turkey and Euro Area
Original language description
The main objective is to investigate and evaluate long-run equilibrium relationships between money supply and stock prices as well as short-run dynamics using Vector Error Correction Model in Czech Republic, Turkey and Euro Area. The empirical part of study exploits contemporary econometric tools such as unit root tests, Granger causality tests, cointegration analysis. Cointegration tests within the framework of the Johansen procedure are used to determine whether a long-run relationship exists betweenboth narrow and broad money and stock market indices. In cases for which the absence of a long-run relationship has been rejected we move to error-correction modeling. The resulting error correction model is used to determine the long run and short run direction of causality. In analysis are used monthly data for the sample period from January 1996 to December 2007.
Czech name
Peníze a ceny akcií v České republice, Turecku a Eurozóně
Czech description
Cílem příspěvku je zkoumat dlouhodobý rovnovážný vztah mezi nabídkou peněz a cenami akcií a také jejich vzájemné krátkodobé interakce. Výzkum je zaměřen na Českou republiku, Turecko a eurozónu v období leden 1996 - prosinec 2007. V empirické části jsou použity testy jednotkového kořene, Grangerovy testy kauzality a kointegrační analýza. V případech, kdy byla zamítnuta absence konitegrační vazby je použit model korekce chyby.
Classification
Type
D - Article in proceedings
CEP classification
AH - Economics
OECD FORD branch
—
Result continuities
Project
<a href="/en/project/GA402%2F08%2F0067" target="_blank" >GA402/08/0067: Financial Integration of the EU New Member States with Eurozone</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2008
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Impact of Social Responsibility Projects on Business World
ISBN
978-975-8100-78-1
ISSN
—
e-ISSN
—
Number of pages
7
Pages from-to
—
Publisher name
Çanakkale Onsekiz Mart University, Turkey
Place of publication
Çanakkale
Event location
Çanakkale
Event date
Jan 1, 2008
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
—