TY - JOUR
T1 - Do interest rate, exchange rate effect stock returns?
T2 - a Pakistani perspective
AU - Ahmad, Muhammad Ishfaq
AU - Rehman, Ramiz Ur
AU - Raoof, Awais
N1 - Discontinued
PY - 2010/10/1
Y1 - 2010/10/1
N2 - This study examines the relationship between stock return, interest rate and exchange rates in Pakistani economy. For this, the data of short term interest rate, exchange rate (Rs/US $) and stock market returns (KSE-100) over the period of 1998-2009 is collected. A multiple regression model is applied to test the significance of change in interest rate and exchange on stock returns. The results show that both the change in interest rate and change in exchange rate has a significant impact on stock returns over the sample period.
AB - This study examines the relationship between stock return, interest rate and exchange rates in Pakistani economy. For this, the data of short term interest rate, exchange rate (Rs/US $) and stock market returns (KSE-100) over the period of 1998-2009 is collected. A multiple regression model is applied to test the significance of change in interest rate and exchange on stock returns. The results show that both the change in interest rate and change in exchange rate has a significant impact on stock returns over the sample period.
UR - http://www.scopus.com/inward/record.url?scp=77958126792&partnerID=8YFLogxK
M3 - Article
AN - SCOPUS:77958126792
SN - 1450-2887
SP - 146
EP - 150
JO - International Research Journal of Finance and Economics
JF - International Research Journal of Finance and Economics
IS - 50
ER -