EFFECTS OF MACROECONOMIC VARIABLES ON STOCK PRICES OF THE BUCHAREST STOCK EXCHANGE (BSE)

被引：0

作者：

Sabau-Popa, Diana Claudia ^{[1
]}

Bolos, Marcel Ioan ^{[1
]}

Scarlat, Emil ^{[2
]}

Delcea, Camelia ^{[2
]}

Bradea, Ioana-Alexandra ^{[2
]}

机构：

[1] Univ Oradea, Oradea, Romania

[2] Bucharest Acad Econ Studies, Bucharest, Romania

来源：

ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH | 2014年 / 48卷 / 04期

关键词：

macroeconomic factors; volatility; stock prices; grey incidence analysis; grey models;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Through this study we intend to demonstrate that the capital market index in Romania is influenced by the real GDP, the stock exchange indices, the real interest rate, the exchange rate RON/USD and the inflation rate. Therefore, the grey systems theory has been used, namely the degrees of grey incidences have been calculated for the considered variables for the January 2010-August 2014 period. As a result, there have been determined a significant incidence between the benchmark index of the Bucharest Stock Exchange and the Romania's Gross Domestic Product. For this, in order to support a robust stock market, the authorities will need to maintain: the economic growth, the fiscal discipline, the currency appreciation and a low rate of interest and inflation.

引用

页码：103 / 113

页数：11

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