Stock Prices and Real Exchange Rate Movements in the Gulf Cooperation Council

Khalifa Hassanain

EN

Stock Prices and Real Exchange Rate Movements in the Gulf Cooperation Council

Abstract

In this paper, we examine the interaction between stock prices and the real and nominal exchange rates in the Gulf Cooperation Council (GCC) economies (including only Kuwait (KW) and Saudi Arabia (SA). We consider the real and the nominal exchange rates of US dollar in terms of the Saudi Riyal and Kuwait Dinar and the values of Saudi and Kuwait exchange stock exchange indexes. The purpose is to investigate relationship between the volatility in stock prices in these markets and the large swings in global currencies given their alternative exchange rate arrangements. Real exchange rate appears to be insignificant in the case of Kuwait but significant in the case of Saudi Arabia.

Keywords

Stock prices, Exchange rate, real exchange rate

Details

Primary Language

English

Subjects

-

Journal Section

-

Authors

Khalifa Hassanain This is me

Publication Date

March 1, 2017

Submission Date

March 1, 2017

Acceptance Date

-

Published in Issue

Year 2017 Volume: 7 Number: 1

IZ

https://izlik.org/JA98ZL53WS

Cite

RIS / Bibtex

APA

Hassanain, K. (2017). Stock Prices and Real Exchange Rate Movements in the Gulf Cooperation Council. International Journal of Economics and Financial Issues, 7(1), 92-96. https://izlik.org/JA98ZL53WS

AMA

1.Hassanain K. Stock Prices and Real Exchange Rate Movements in the Gulf Cooperation Council. IJEFI. 2017;7(1):92-96. https://izlik.org/JA98ZL53WS

Chicago

Hassanain, Khalifa. 2017. “Stock Prices and Real Exchange Rate Movements in the Gulf Cooperation Council”. International Journal of Economics and Financial Issues 7 (1): 92-96. https://izlik.org/JA98ZL53WS.

EndNote

Hassanain K (March 1, 2017) Stock Prices and Real Exchange Rate Movements in the Gulf Cooperation Council. International Journal of Economics and Financial Issues 7 1 92–96.

IEEE

[1]K. Hassanain, “Stock Prices and Real Exchange Rate Movements in the Gulf Cooperation Council”, IJEFI, vol. 7, no. 1, pp. 92–96, Mar. 2017, [Online]. Available: https://izlik.org/JA98ZL53WS

ISNAD

Hassanain, Khalifa. “Stock Prices and Real Exchange Rate Movements in the Gulf Cooperation Council”. International Journal of Economics and Financial Issues 7/1 (March 1, 2017): 92-96. https://izlik.org/JA98ZL53WS.

JAMA

1.Hassanain K. Stock Prices and Real Exchange Rate Movements in the Gulf Cooperation Council. IJEFI. 2017;7:92–96.

MLA

Hassanain, Khalifa. “Stock Prices and Real Exchange Rate Movements in the Gulf Cooperation Council”. International Journal of Economics and Financial Issues, vol. 7, no. 1, Mar. 2017, pp. 92-96, https://izlik.org/JA98ZL53WS.

Vancouver

1.Khalifa Hassanain. Stock Prices and Real Exchange Rate Movements in the Gulf Cooperation Council. IJEFI [Internet]. 2017 Mar. 1;7(1):92-6. Available from: https://izlik.org/JA98ZL53WS