Impact of the domestic and the US macroeconomic news on the Romanian stock market

Stefanescu, Razvan and Dumitriu, Ramona and Nistor, Costel (2011): Impact of the domestic and the US macroeconomic news on the Romanian stock market. Published in: Vanguard Scientific Instruments in Management 2011 , Vol. 1(4)/2, (8 September 2011): pp. 29-34.

Abstract

This paper explores the effects of domestic and US macroeconomic announcement on the Romanian stock market. We found that some domestic macroeconomic announcement linked by the monetary policy had a consistent influence on the stock prices evolution. We also identify that some US macroeconomic news have a significant impact on the Romanian stock exchange, a fact explained by the linkages between the Romanian stock market and the international financial markets.

• Item Type: MPRA Paper
• Language: English
• Keywords: Macroeconomic News Announcement, Romanian Stock Market, Financial Linkages
• Subjects: G - Financial Economics > G1 - General Financial Markets > G14 - Information and Market Efficiency ; Event Studies ; Insider Trading; E - Macroeconomics and Monetary Economics > E0 - General > E00 - General

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