Macroeconomic impact on Mongolian stock market return
Date Issued
2016
Date
2016
Author(s)
Bayanmunkh, Gankhuyag
Abstract
Mongolia is one of the fastest growing economy in the world in last few years. Starting from 2008, country itself started to be in main target of international big investors. Then Mongolian economy was booming since 2008 to 2012 and somehow started to decline after political changes and international commodity price decline. I define this situation as political crisis in Mongolia. This thesis focuses mainly on Mongolia’s economy and stock market before and after the Mongolian economy transition. In addition, this thesis identifies the relationship between macroeconomic variables such as inflation rate, exchange rate, foreign direct investment, export value, copper price, coal price and stock market return within the time frame of political crisis 2008 to 20015. Result showed that Mongolian stock market return had a positive correlation with copper price, export value and a negative relationship with inflation rate, exchange rate, foreign direct investment and coal price. Therefore, copper price and export value had significant impact on the stock return, whereas the linkage between other four variables and stock market return were not significant.
Subjects
Mongolia
economy
political crisis
stock market
macroeconomic variables
SDGs
Type
thesis
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