أثر التضخم ومعدلات الفائدة على أداء سوق الأوراق المالية - دراسة حالة سوق عمان للأوراق المالية للفترة1990-2017 -

Abstract

The situation of the stock markets is a reflection of the overall economic situation in the country, as it is the main component of the financial structure of any economic system. The stability of these markets is a measure of the success of the general economic policy of the country. Hence the attempt to understand the volatility of securities prices and their relation to macroeconomic variables , Which have direct and indirect effects on the movement of equity and bond indices in the stock markets. This study attempted to address the problem of the effects of macroeconomic variables (inflation and interest rates) on the performance of the stock market, with reference to the Amman Stock Exchange during the period (1990-2017), analysis and measurement. The study used the methodology of the )ARDL(. The most important conclusions of the study were the existence of a significant correlation between the interest rate and the performance indicators of the Amman Stock Exchange, while the long-term correlation between the inflation rate and the performance indicators of the Amman Stock Exchange was not proven. Keywords: Stock Exchange, Inflation Rate, Interest Rates, Stock Market Performance Indicators, Amman Stock Exchange.