Browsing by Author "Fathi, Adam"

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    Exchange rates and stock markets
    (2013-07-04) Fathi, Adam; Staf, Christian; University of Gothenburg/Department of Economics; Göteborgs universitet/Institutionen för nationalekonomi med statistik
    The study employs a vector error correction model, cointegration analysis and Granger causality test to examine the short- and long-run dynamic relationship between the USD/SEK exchange rate and the OMXS30. In the short-run we found statistical evidence of OMXS30 granger causing the USD/SEK currency exchange rate positively but no statistical evidence that the USD/SEK exchange rate granger cause OMXS30. In the long-run we found statistically significant evidence of the USD/SEK exchange rate and OMXS30 being cointegrated. The effect of a shock to the USD/SEK currency exchange has a long-run positive effect on the OMXS30. While the effect of a shock to the OMXS30 has a long-run negative effect on the USD/SEK exchange rate.
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    The Market Maker - What impact does a market maker have on stock turnover?
    (2012-06-29) Fathi, Adam; Omed, Amir; Canovic, Mirnes; University of Gothenburg/Department of Business Administration; Göteborgs universitet/Företagsekonomiska institutionen
    This study will measure the effect a market maker has on stock turnover. Our results have been run through a regression analysis. The results from the regression analysis were statistically significant from zero, but the results was not satisfying thus the increase was fairly small. Due this problem, we compared the relationship between the stock turnover and index turnover before and after the market maker and found that the market maker has a statistically significant effect on stock turnover with 6,2%.