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

5 Pages Posted: 22 Feb 2012  

Razvan Stefanescu

University Dunarea de Jos Galati

Ramona Dumitriu

University Dunarea de Jos Galati

Costel Nistor

University Dunarea De Jos Galati

Date Written: 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.

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

JEL Classification: G02, G10, G14, E20

Suggested Citation

Stefanescu, Razvan and 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: https://ssrn.com/abstract=2009188 or http://dx.doi.org/10.2139/ssrn.2009188

Razvan Stefanescu (Contact Author)

University Dunarea de Jos Galati ( email )

Str. Domneasc─â, nr. 47
Galati, 800008
Romania

Ramona Dumitriu

University Dunarea de Jos Galati ( email )

111, Domneasc─â Street,
Galati, 800201
Romania

Costel Nistor

University Dunarea De Jos Galati ( email )

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