Proceedings of the 6th International Conference on Electronic, Mechanical, Information and Management Society

Impacts of the Monetary Policy on the Stock Markets: Case Studies in Vietnam and Shenzhen China

Authors
Nguyen Trung Thanh, Do Thi Linh
Corresponding Author
Nguyen Trung Thanh
Available Online April 2016.
DOI
10.2991/emim-16.2016.37How to use a DOI?
Keywords
Monetary policy;Stock prices;ARDL model
Abstract

The sensitivity of the stock market to the monetary policy leading to the study of the impact of monetary policy on stock market is extremely important (For each different market, reactions of stock index also differ. Therefore, this paper is conducted to assess the impact of monetary policy on the stock price index in Vietnam market and Shenzhen (China) from 2006 to 2015. The authors use the ARDL model to find out and compare the impact of monetary policy on stock price in two markets. As a result, it shows that the monetary policies are significant in changing the stock price. In particular, interest rates, money supply and reserved ratio have opposite effects on stock prices in Vietnam; For the Shenzhen market, the reserved ratio have immediate positive impact on the stock price of Shenzhen.

Copyright
© 2016, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 6th International Conference on Electronic, Mechanical, Information and Management Society
Series
Advances in Computer Science Research
Publication Date
April 2016
ISBN
978-94-6252-176-6
ISSN
2352-538X
DOI
10.2991/emim-16.2016.37How to use a DOI?
Copyright
© 2016, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Nguyen Trung Thanh
AU  - Do Thi Linh
PY  - 2016/04
DA  - 2016/04
TI  - Impacts of the Monetary Policy on the Stock Markets: Case Studies in Vietnam and Shenzhen China
BT  - Proceedings of the 6th International Conference on Electronic, Mechanical, Information and Management Society
PB  - Atlantis Press
SP  - 160
EP  - 166
SN  - 2352-538X
UR  - https://doi.org/10.2991/emim-16.2016.37
DO  - 10.2991/emim-16.2016.37
ID  - Thanh2016/04
ER  -