أثر المتغيرات النقدية على رسملة البورصة المصرية خلال الفترة (2004-2018

Abstract

This research aims at determining the relationship between the monetary variables and the performance index of the Egyptian stock exchange during the period from 2004 to 2018. To achieve this goal, we used the descriptive and analytical methods in the first and second axes and the standard method in the third axis/axe. The VAR models showed that there is no statistically significant relationship between the Egyptian pound exchange rate, the broad money supply, the deposits interest rate, and the market capitalization of the Egyptian stock exchange in long term. Granger's causality test showed also a one-way causal relationship from the deposit interest rate to the Egypt's market capitalization in short term.