EFFECT OF U.S DOLLAR RATE SHOCKS ON TSE MAIN INDICES REACTIONJournal: Theoretical & Applied Science (Vol.22, No. 02)
Publication Date: 2015-02-28
Authors : MAHDI SHARIFIFAR; MOHSEN GHOBADI; Hossein Ostadi;
Page : 88-95
Keywords : Dollar rate shocks; Tehran stock market; Technical analysis;
Evidence is presented that a change in the value of the Rial does not have a significant immediate nor lagged impact on the Iranian stock market as a whole. Using abnormal rates of return, Automobiles is the only industrial sector for which a two-year lagged relationship is confirmed. Overall, "the falling Rial" or the mighty Rial did not hurt the Iranian economy over the 2004-2014 period; it actually improved the stock market performance of several specific industries.
Other Latest Articles
Last modified: 2015-03-07 16:57:02