The Impact of the Volatility of the US Government Bonds Rate on the Islamic Index Return
Journal Title: Eurasian Journal of Business and Economics - Year 2018, Vol 11, Issue 21
Abstract
This study investigates the impact of the US monetary policy, represented through the volatility of the US government bonds rate, on the return of Dow Jones UK Islamic index. Monthly observations spans, in the period between December 2006 and June 2017, are obtained from the International Monetary Fund database. The OLS regression and granger causality analysis are used to investigate the impact. The results of the analysis show that there is significant impact of the US monetary policy on the Dow Jones UK Islamic index return
Authors and Affiliations
Irfan DJEDOVIĆ, Ugur ERGUN
Keywords
Related Articles
- EP ID EP600932
- DOI 10.17015/ejbe.2018.021.05
- Views 54
- Downloads 0
Firm Specific and Macroeconomic Determinants of Capital Structure: Evidence from Fragile Five Countries
This study is based on the non-financial companies within the fragile five countries (Turkey, Brazil, South Africa, India and Indonesia) during the period of 2004-2013. The factors affecting capital structure were assess...
Predictors of Students` Desire to be an Entrepreneur: Kyrgyzstan, Georgia, and the United States
Entrepreneurship is an important element of national economic growth, and college business students represent an important feeder pool for a nation’s supply of entrepreneurs. The purpose of this study is to identify and...
Relationship between Risk-taking, Capital Regulation and Bank Performance: Empirical Evidence from Bangladesh
This paper attempts to analyse the relationships between risk-taking, capital regulation and performance in banking sector of Bangladesh. We use Generalized Methods of Moments (GMM) in an unbalanced panel data using 38 c...
Patterns of Capital Structure Adjustment by Listing Type: Evidence from European Firms
This study analyzed the questions of whether capital structure adjustment in European firms differed by listing type and by current debt ratio. Major issues are concerned with (1) the adjustment speed toward target debt...
Macroeconomic Determinants of the Stock Market Index and Policy Implications: The Case of a Central European Country
This paper examines the relationship between Hungary’s stock market index and relevant macroeconomic variables. The GARCH model is applied in empirical work. It finds that Hungary’s stock market index has a positive rela...