연구정보
Effects of Macroeconomic and Global Variables on Stock Market Performance in Mexico and Policy Implicatio
멕시코 국외연구자료 기타 Yu Hsing, Antoinette S. Phillips, Carl Phillips Research in Applied Economics 발간일 : 2014-03-05 등록일 : 2016-03-24 원문링크
Based on a sample during 1985.Q4-2011.Q2 and applying the exponential GARCH model, we find that the stock market index in Mexico is positively associated with real GDP, the peso/USD exchange rate, the M3/GDP ratio and the U.S. stock market index and negatively affected by the interest rate, the ratio of the government deficit to GDP and the expected inflation rate. Hence, a stronger domestic economy, a lower interest rate, a weaker peso, more money supply as a percent of GDP, fiscal prudence, a stronger U.S. stock market and a lower inflation rate would help stock market performance in Mexico.