[PDF] Top 20 Does oil price uncertainty transmit to the Thai stock market?

... real stock market return is assumed to be dependent on the lag of real oil price change while the mean equation for real oil price change is assumed to be independent of the lag ... See full document

... less oil for production and thus are not affected by oil price shock and its ...the market capitalization weighted index and is the subset of the SET ...from stock prices of enterprises ... See full document

... of oil price volatility, extant studies show, however, that there is still no consensus as to the exact effects of oil price volatility on economy ( Schmidbauer and Kalaycioglu, ...of ... See full document

... of oil price volatility does not exercise a significant effect on Dow Jones volatility when all variables are taken into consideration (see specification 3 and ...real oil price ... See full document

... the market prices in reaction to the changing economic conditions, which might be an indication of market ...in oil price, a kind of downward price stickiness becomes also dominant in ... See full document

... the price of crude oil are often considered an important factor for understanding fluctuations in stock ...of oil price on stock prices prevail, as oil price effect ... See full document

... the oil-equity relationship in ...broad market index such as ...the oil-equity relationship based on ...between oil and gas equity index and the price of crude oil in ...the ... See full document

... After testing for the long run co-integration relationship between the variables within the period under study and found out the absence of long run relationship, the study proceeds with the estimation of unristricted ... See full document

... crude oil price and the petrol fees have been increasing over the years since 1970s in the world ...global market, the triad country (Japan, Unite State, and European union) and the quad countries ... See full document

... its price. Oil price has a positive relationship implying that gold may act as a good hedge against prices of commodities such as oil that are held by investors in their ... See full document

... of stock market bubbles and explosions on real estate financing systems and their consequences on the macroeconomic ...that does the brutality of financial flows and even more to consider the ... See full document

... the stock return moves in an opposite direction to the market ...the stock return is uncorrelated with the movement of the market ...Nam stock market, hardly we find out beta ... See full document

... the Thai stock market. The overall market performance is examined from SET index, which is the market value-weighted index of all stocks traded in the Stock Exchange of ...the ... See full document

... RELATIONS BETWEEN OIL PRICE AND STOCK PRICES Overall, the response of aggregate real stock returns is positive or negative, greatly depending on whether the increase in crude oil price i[r] ... See full document

... that stock market risk and WTI crude oil price risk are not con- stant over time (at least as measured by volatility) and while their prices, except for a long-term upward trend are not ... See full document

... semi-stock market hypothesis. In an efficient market, AAR should be 0 and CAAR should rise and later, decline suggesting that abnormal losses or returns are not possible after the ...daily ... See full document

... of oil shocks- expressed in both world and national real prices- on stock returns in 11 OECD countries using the Vector Error Correction (VECM) model introduced by Johansen (1988) and alternatively Vector ... See full document

... many stock return predictive models are outperformed by the simple historical average model, it is important to examine the power of our model in predicting the stock index returns in out-of-sample ...crude ... See full document

... the price of ...on oil price shocks, Hamilton continues this line of argument, by saying that fluctuations of price of oil, resulting political and other issues, led to recessions of ... See full document

... crude oil price, which means that crude oil price and gross domestic product move in the opposite direction to the extent of ...crude oil price. In order to ascertain the extent ... See full document