Interest rates

Macroeconomic variables and stock market performance: testing for dynamic linkages with a known structural break

Abdul Rashid
Savings and Development Vol. 32(2008), No. 1, pp. 77-102

This paper investigates the dynamic interactions between four macroeconomic variables and stock prices in Pakistan, using cointegration and Granger causality tests that are robust to structural breaks. The results strongly suggest cointegration [...]

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Interest rate determination in developing countries

Troy Lorde, Brian Francis, Kimberly Waithe and Timothy G. Taylor
Savings and Development Vol. 32(2008), No. 1, pp. 31-50

This paper seeks to determine nominal interest rates in five small developing countries - The Bahamas, Barbados, Guyana, Jamaica, and Trinidad and Tobago. The traditional Fisher equation augmented with the US nominal interest rate is employed. [...]

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