Gulf cooperation council stock returns and the effect of domestic monetary policy shocks

Rashid Sbia, Helmi Hamdi, Bedri Kamil Onur Tas, Sahel Al Rousan

Research output: Contribution to journalArticlepeer-review

1 Citation (Scopus)

Abstract

The aim of this paper is to analyze the effect of monetary policy on stock returns and stock return variability in the Gulf Cooperation Council (GCC) countries namely; Bahrain, Kuwait, Oman, Qatar and Saudi Arabia (United Arab Emirates was excluded for non-availability of the data). The empirical results reveal that the impact of policy interest rates on stock markets varies among GCC countries. These results have an important policy implication for the single market project and monetary union between GCC countries.

Original languageEnglish
Pages (from-to)629-639
Number of pages11
JournalInternational Journal of Economics and Financial Issues
Volume6
Issue number2
Publication statusPublished - 2016
Externally publishedYes

Keywords

  • Gulf cooperation council countries
  • Monetary policy
  • Stock market

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)

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