Pourrions-nous utiliser l'Euribor comme taux de rendement sans risque dans la région Arabe ?

BENDOB, Ali and Benahmed-Daho, Rachida (2017): Pourrions-nous utiliser l'Euribor comme taux de rendement sans risque dans la région Arabe ? Published in: Chercheur Economique No. 7 (11 June 2017): pp. 7-19.

Abstract

The analysts and evaluators in the financial market needs to risk free rate return (RFRR) to take the financing and investment decisions. This paper aims to study and analyze the causal relationship between Euribor rate and stock prices in the Arab stock exchanges, at level of nine Arab stock markets namely: Abu Dhabi, Bahrein, Morocco, Dubai, Egypt, Kuwait,Muscat, Qatar and Saudia during 2007 -2013. The results showed a strong inverse relationship between the Euribor rate and stock prices in the Arab stock exchanges, and that the Euribor rate can be used as an indicator for the pricing in Arab Stock markets.

• Item Type: MPRA Paper
• English Title: Could we use the Euribor as risk-free rate return in Arabic region?
• Language: French
• Keywords: EURIBOR, risk free rate return, Arab Stock market , interest rate .
• Subjects: C - Mathematical and Quantitative Methods > C3 - Multiple or Simultaneous Equation Models ; Multiple Variables > C32 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes ; State Space Models; G - Financial Economics > G1 - General Financial Markets > G12 - Asset Pricing ; Trading Volume ; Bond Interest Rates; G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages

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