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Journal of Money & Economy


(رتبه علمی-پژوهشی)

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:: year 6, Issue 15 (spring 2013) ::
JMBR 2013, 6(15): 1-26 Back to browse issues page
Analysis of the Role of Economic Liberalization on Performance of Financial Markets in Some MENA Countries With Emphasis on Financial and Monetary Liberalization
Hossein Sharifi Renani *1, Mariam Mirfattah, Hasan Molla Esmaeili
Abstract:   (4775 Views)

Because of in most developing countries economic variable like stock index and also economic liberalization are not in the capacities that are needed, so with emphasis on economic liberalization we can provide the area for improving the performance of financial markets especially increase in the stock index in the country. The purpose of this article is to analyze the role of economic liberalization on the performance of financial markets in some developing countries with emphasis on financial and monetary liberalization using panel vector autoregressive (P-VAR) analysis covering the period 1986-2009. The results indicate the significant effect of each variable discussed on the stock price in exchange market. Base on the results of the current study, economic policy makers are recommended to establish sustainable efforts for the exchange interaction in the country with other international financial markets, so that the capital market can be able to achieve the excellence level in the region by providing a dynamic policy and help to financial growth of countries in stock exchange, promote the country’s financial market and consequently improve the country’s economy.

JEL Classification Codes: A10, A12, C01, E44

Full-Text [PDF 543 kb]   (3409 Downloads)    
Type of Study: Empirical Study |
Received: 2014/08/9 | Accepted: 2014/08/9 | Published: 2014/08/9
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Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
year 6, Issue 15 (spring 2013) Back to browse issues page
فصلنامه پژوهش‌های پولی-بانکی Journal of Monetary & Banking Research
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