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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 between both 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.
- 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 between both 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. (en)
- 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. (cs)
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Title
| - Money and Stock Prices in Czech Republic, Turkey and Euro Area
- Money and Stock Prices in Czech Republic, Turkey and Euro Area (en)
- Peníze a ceny akcií v České republice, Turecku a Eurozóně (cs)
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skos:prefLabel
| - Money and Stock Prices in Czech Republic, Turkey and Euro Area
- Money and Stock Prices in Czech Republic, Turkey and Euro Area (en)
- Peníze a ceny akcií v České republice, Turecku a Eurozóně (cs)
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skos:notation
| - RIV/47813059:19520/08:#0000142!RIV09-GA0-19520___
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http://linked.open...avai/riv/aktivita
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http://linked.open...avai/riv/aktivity
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http://linked.open...vai/riv/dodaniDat
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http://linked.open...aciTvurceVysledku
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http://linked.open.../riv/druhVysledku
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http://linked.open...iv/duvernostUdaju
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http://linked.open...titaPredkladatele
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http://linked.open...dnocenehoVysledku
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http://linked.open...ai/riv/idVysledku
| - RIV/47813059:19520/08:#0000142
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http://linked.open...riv/jazykVysledku
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http://linked.open.../riv/klicovaSlova
| - Money growth, stock prices, long-run relationship, cointegration, error-correction model (en)
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http://linked.open.../riv/klicoveSlovo
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http://linked.open...ontrolniKodProRIV
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http://linked.open...v/mistoKonaniAkce
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http://linked.open...i/riv/mistoVydani
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http://linked.open...i/riv/nazevZdroje
| - Impact of Social Responsibility Projects on Business World
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http://linked.open...in/vavai/riv/obor
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http://linked.open...ichTvurcuVysledku
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http://linked.open...cetTvurcuVysledku
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http://linked.open...vavai/riv/projekt
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http://linked.open...UplatneniVysledku
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http://linked.open...iv/tvurceVysledku
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http://linked.open...vavai/riv/typAkce
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http://linked.open.../riv/zahajeniAkce
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number of pages
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http://purl.org/ne...btex#hasPublisher
| - Çanakkale Onsekiz Mart University, Turkey
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https://schema.org/isbn
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http://localhost/t...ganizacniJednotka
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