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Impact of the Domestic and the US Macroeconomic News on the Romanian Stock Market


Razvan Stefanescu


University Dunarea de Jos Galati

Ramona Dumitriu


University Dunarea de Jos Galati

Costel Nistor


University Dunarea De Jos Galati
October 6, 2011


Abstract:     
This paper explores the effects of domestic and US macroeconomic announcement on the Romanian stock market. We found that some domestic macroeconomic announcement linked by the monetary policy had a consistent influence on the stock prices evolution. We also identify that some US macroeconomic news have a significant impact on the Romanian stock exchange, a fact explained by the linkages between the Romanian stock market and the international financial markets.

Number of Pages in PDF File: 5

Keywords: macroeconomic news announcement, Romanian stock market, financial linkages

JEL Classification: G02, G10, G14, E20

working papers series


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Date posted: February 22, 2012  

Suggested Citation

Stefanescu, Razvan, Dumitriu, Ramona and Nistor, Costel, Impact of the Domestic and the US Macroeconomic News on the Romanian Stock Market (October 6, 2011). Available at SSRN: http://ssrn.com/abstract=2009188 or http://dx.doi.org/10.2139/ssrn.2009188

Contact Information

Razvan Stefanescu (Contact Author)
University Dunarea de Jos Galati ( email )
Str. Domnească, nr. 47
Galati, 800008
Romania
Ramona Dumitriu
University Dunarea de Jos Galati ( email )
111, Domnească Street,
Galati, 800201
Romania
Costel Nistor
University Dunarea De Jos Galati ( email )
Feedback to SSRN (Beta)


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