• 20年专注海外留学生essay代写

  • 50000+留学生essay代写首选品牌

  • 正规教育机构教你怎么写essay范文

当前位置: essay代写网 > ESSAY >

时间:2021-10-29 21:32 来源: Essay代写

摘要:股票市场在一个国家的经济增长中发挥了重要作用.宏观经济力量通过对预期未来现金流向对股票价格有着定期的影响......

股票市场在一个国家的经济增长中发挥了重要作用,证券交易所因为他们对经济活动的影响而在全球经济中发挥重要作用。例如股票交易所允许公司迅速地获得资本,由于游刃有余的交易来源。因此,证券交易所的交易活动在帮助发现宏观经济活动影响中发挥了重要作用。也有相当数量的著作研究关于股票价格的变动。可能是其中一个重要的主题得到越来越多经济学家,金融投资者和政策制定者的关注,这些活跃的宏观经济指针都对股票价格产生影响。宏观经济力量通过对预期未来现金流向对股票价格有着定期的影响。证券交易所的价格对于基本宏观经济指针非常敏感。经济的增长中不同的政策的影响可以通过证券交易所显示的价格增加计算出来(Abdullah, 1997)。

 

卡拉奇证券交易所是在巴基斯坦的卡拉奇于1947年9月18日成立的证券交易所,它从5所公司Rs.3700万的资本开始。它是巴基斯坦最大的和最古老的证券交易所,拥有许多巴基斯坦以及海外上市公司。其目前的前提是定位于卡拉奇商业区核心的证券交易所,卡拉奇证券交易所开始于50股指数。随着市场发展代表指数的需要。在贫穷的政治条件、社会问题、金融和其他问题下,卡拉奇证券交易所在巴基斯坦经济中扮演了至关重要的作用。KSE 100-指数显示有40.19%的回报率,并成为2007年最好交易市场第六名。最大的一个里程碑是在2008年4月20日,在卡拉奇证券交易所历史上第一次达到kse-100指数水平的15000点。另外,在2008年提高了7.4%百分点,这在所有新兴市场中是表现最好的。截至2009年6月1日在卡拉奇股市中有651家拥有市值264.8亿美元的上市公司,资本达到96.5亿美元。2010年6月19日,KSE 100-指数收于9645点。尽管在7月30日卡拉奇股市的总市值达到Rs2.95亿,大约350亿美元左右(Safi Ullah Khan and Faisal Rizwan, 2008).

 

货币供应和交易量-Money Supply And Trading Volumes

 

Stock market plays a significant role in the economic growth of a country. Stock exchange performance has an important role in global economics, because of their impact on economic activity. For example stock exchanges allow firms to acquire capital quickly, due to the effortlessness source of traded. Stock exchange activity, therefore, plays a significant role in helping to find out the effects of macroeconomic activities. The review of literature has considerable number of studies that look at the stock prices movements. Possibly one significant subject that has inward increasing interest from economists, financial investors and policy makers is on active effects of macroeconomic pointers on stock prices. Macroeconomic forces have regular influences on stock prices by way of their influences on expected future cash flows. Stock exchange prices are extremely sensitive to essential macroeconomic pointers. The effect of different policies on the growth of an economy can be calculated by the increase in stock exchange prices (Abdullah, 1997).

 

The Karachi Stock Exchange is a stock exchange situated in Karachi, Pakistan, established on 18 September, 1947 it started with 5 companies with a capital of Rs. 37 million. It is Pakistan's biggest and oldest stock exchange, with a lot of Pakistani as well as overseas listings. Its present premises are placed on Stock Exchange Road, in the heart of Karachi's Business District. KSE starts with a 50 shares index. As the market developed a representative index was needed. In poor political condition, social issues, financial and other problems, KSE played a vital role in the economy of Pakistan. KSE 100-index showed a return of 40.19% and became the sixth best markets in the year 2007. It gets a biggest milestone by touching of KSE-100 Index level of 15,000 for the first time in the history of Karachi stock exchange on 20 April, 2008. On the other hand, the raise of 7.4 percent in 2008 build-up the best performer in all the emerging market. As at June 1, 2009 there were 651 companies listed at KSE with market capitalization of US $ 26.48 billion having listed capital of US $ 9.65 billion. The KSE 100TM Index closed at 9645 points on 19 June, 2010. Although by 30th July total market capitalisation of the KSE reached Rs2.95 trillion, approximately around 35 billion dollars (Safi Ullah Khan and Faisal Rizwan, 2008).

 

Karachi Stock Exchange 100 Index (KSE-100 Index) is a stock index acting as a standard to compare prices on the Karachi Stock Exchange (KSE) over a period of time. In formative representative companies to calculate the index on, companies with the maximum market capitalization are selected. On the other hand, to ensure maximum market representation, the company with the maximum market capitalization from each sector is also incorporated. Karachi Stock Exchange is the largest and most liquid exchange in Pakistan.

 

Money balances are merely one of a number of highly liquid assets which the individual may consider as part of his liquidity portfolio evaluated by the sum of financial and real assets. A steady rate of growth in the money stock matched with real growth in economic yield should generate no serious longer-run liquidity. One would expect the demand for liquidity balances to rise as real output and, in return, incomes rises. Under this situation, one may think as to the forces generating general asset price modification. Possibly such alterations would be associated to the economic viewpoint, emotional pressures, and altering inclination amongst investors for financial assets. In addition, these forces would be unlinked to money stock. When the economy's money supply rises, investors come across that the money portion of their assets is too huge and effort to regain the wanted portfolio mix by purchasing other assets such as stocks, compelling their prices to increase.

 

The understanding of the stock market has long attracted mutually the academician and the stock trader. Consequently, this area has produced a number of descriptive stock market models ranging from those based upon exact analytic frame works to doubtful intuitive reasoning .Money flow-whether money is flowing into or out of a meticulous security-is supposedly an indication of present excess supply or demand. That is, if uptick trades are supposed to be the buyer initiate and downtick trades are supposed to be seller initiate, a positive disparity between uptick dollar volume and downtick dollar volume match up to "excess demand." Furthermore, proponents of by means of money flow state that existing excess demand (supply) predicts future excess demand (supply) and, as a result, positive (negative) money flow forecasts stock-price raising in a falling trend (Gllent, Rossi, and Tauchen, 1992).

 

A several factors are attributed to the optimistic sentiment in Pakistan’s stock market throughout the last seven years (2000-07). These factors include: fast privatization practices of government owned enterprises, attract foreign investors in important organizations, like Pakistan Telecommunication Company Limited, Electricity Supply and National Refinery and so on, allowing foreign investors to send their funds without any constraint; decrease in the interest rates by the banks; continuous development in economic essentials and higher industrial growth. These aspects are attached with different rules and laws, were introduced mostly for the security of the small investors, and to get efficiency in trade by computerization and restriction insider trading. These methods were taken besides reinforcement the structure of the Security Exchange Commission of Pakistan (SECP). These significant developments and measures have put in to the extraordinary growth in Pakistan’s equity market throughout the last several years (Safi Ullah Khan and Faisal Rizwan, 2008).

 

The type of the link between money supply and common stock prices can be most defined as if a share of common stock is observed as an asset that produce its profits to the investor over time. When stock returns are linked to these better anticipations of money growth rates prior money terminologies drop practically all importance while present and particularly the next two months' money terms persists to show a obvious link to current stock returns. This is a proof that stock returns predicts future monetary disorders by utilizing of information as well as information of current and past growth rates of the money supply (Barro, 1977).

 

This study explored the relationship of Money Supply (M2) and trading volume of KSE - 100 Index that whether they have the positive or negative relationship among them. Hence following hypothesis is constructed in order to get the desired result. The data used in this research has taken on the monthly basis. Moreover Monthly Money Supply is taken as independent variable and Monthly Trading Volume of KSE - 100 Index as a dependent variable.

 

假设-Hypothesis:

 

Money supply (M2) has a significant relationship with trading volume of KSE - 100 Index"

 

文献综述-LITERATURE REVIEW

 

Money Flow is assured as the disparity among upward and downward trading degree, has been used as an expertise pointer since the beginning of 1970s. Newly, however, the recognition of the rate has amplified radically. For instance, since October 1998, the Wall Street Journal is covering money flow for 4 main indexes and the 30 companies with the maximum and minimum flows on daily basis (Fama and K. French, 1997) Moreover much cyber investment investigating sites supply money flow statistics. Whether money is curving in or out of a specific security is supposedly a clue of present surplus supply or demand. That is, if upward trades are supposed to be consumer started and downward trades are supposed to be supplier started, an upbeat distinction among upward dollar volume and downward dollar volume relate to "excess demand." Likewise, proponents of utilizing money flow state that present excess demand (supply) forecast upcoming excess demand (supply), thus, positive (negative) money flow predicts stock-price raise (decline) (Brown and Brooke, 1993).

本文标签: 金融管理Money SupplySto

[美国哪些大学要essay]留学生关于货币供给的金融管理学论文https://www.0592w.com/ESSAY/16647.html

essay辅导替代essay代写-正规代写机构教你怎么写essays范文-Essay写作格式网官方推荐

99.99%的用户同时也查看了:

[留学essay要自我介绍吗]代...... 2021-10-29

本文主要介绍了几种在市场营销策略中常见的沟通渠道,每一个沟通渠道对于公司都有不同的影响,公司应结合自身......

标签:沟通渠道 市场营 

[美高 英语essay分不高]关于...... 2021-10-28

私募股权基金是一种在新经济形势下的金融创新。这篇文章将说明私人股本基金的定义和特点。然后分析私募股权基......

标签:Private Equity Funds Australia 

[essay paypal]公司质量管理的...... 2021-10-28

公司管理质量的重要性已被许多研究所强调,本章提供了一些在马来西亚,公司质量管理以及银行业的相关研究。......

标签:Quality Corporate Governance 

[essay为什么要出国留学]信...... 2021-10-28

主要来源是被认为是最可靠的研究和验证的信息来源。本文,将详细讨论主要来源和通过比较主要来源的例子来解释它......

标签:primary sources 数据 参数 信息 

[留学生网课代考]Persuasi...... 2021-10-28

本文主要阐述了关于如何写好一篇Persuasive Essay 的introduction一些规则,共有五点,分别从五个方面讲述了写Persuasive......

标签:Persuasive E introduction 

[essay议论文的开头结尾]电...... 2021-10-28

本文主要介绍了当下电子商务的概念以及现在的发展状况。同时还附上了一些对于行业营销的建议。......

标签:电子商务 

[牛津essay格式]耐克公司的...... 2021-10-28

本文主要从对于耐克公司的SWOT战略分析和其战略能力分析两方面来阐述在市场营销中的一些战略技巧,帮助一些企业......

标签:SWOT analysi 

[essay引用文献如何标注]定...... 2021-10-28

本文讨论的定量研究是指在金融领域使用数值或定量技术的工作。但是随着时间的推移这个词的含义扩大了,包括了那......

标签:定量研究 Quantitative 微积分 Economy 

[outline写essay]市场营销中行...... 2021-10-28

本文主要介绍了莫里森超市的发展历程,在对莫里森的市场营销做出一个分析的同时,也追出当前行业发展的趋势,......

标签:Industry Tre 

[数学essay怎么写]留学生关...... 2021-10-28

在2007 - 2009年的金融危机中影子银行体系起到了至关重要的作用。本研究的主要目的是:研究在2007 - 2009年金融危机期间......

标签:Shadow Banki System financia 

[essay相似度多少算抄袭]信...... 2021-10-28

本文关注随着日益增长的全球经济衰退,哪个国家在承受长期的危机时会做得更好成为一个问题。上海和孟买的经济体......

标签:印度 中国 信贷紧缩 金融危机 Credit 

[招代写essay]留学生essay代...... 2021-10-27

本论文介绍了近几年全球女性在高管阶层取得很大的地位提升,但是成就并没有很明显。从而阐述了这一现象的原因......

标签:management sex discrimi 

[essay怎么写知乎]资本结构...... 2021-10-27

本文叙述的是资本结构的决定因素与速度的调整英国论文。......

标签:Capital Stru Adjustment 

[外国essay怎么写]美国col...... 2021-10-27

本论文详细地介绍了盈利机构与非盈利机构的区别。通过机构的目的、资金来源、控制与管理权等几个方面来区分盈......

标签:非营利机构 Profit Distr 

[Ap美国历史essay范文]MBA ...... 2021-10-27

战略管理在公司的市场经营中扮演着重要的角色,它是确认公司的使命、发展愿景和目标的策略。本文采用波特五力......

标签:Market 市场 Business 商业 Strategy 

[英国怎么写essay]加拿大...... 2021-10-27

本文是一篇加拿大大学经济学essay。本文主要围绕机构与经济发展之间的关系作出不同的解析,机构质量的好坏在大部......

标签:institution机 development发 

[国外大学essay10000]影响人...... 2021-10-27

印度法律的基础被认为是刑法的精华 - 詹姆斯·菲茨詹姆斯·斯蒂芬爵士。大多数对人体的罪行,比如标题是“对于人......

标签:修正案 law essay 刑法定量 

[英语的essay有什么要求]代...... 2021-10-27

影响公共的公共不法行为 无论是扬声器发出的噪声还是挖倔道路的噪声[1],公共妨害的发生是多方面的。从不必要的......

标签:公共管理 public law 公共不法行为 

[豆瓣招聘essay]债券市场与...... 2021-10-27

本文将关注债券市场与最近的金融危机,作者将披露华尔街银行窃取客户的技术并将这种技术应用到他们的客户身上......

标签:Bond Market Financial Cr 

[海外essay写作精英写手]秘...... 2021-10-27

枫丹白露酒店财产继承人的死亡在受害者的妻子和他的继女相互指责对方谋杀时便引发了一场责任扭曲游戏.这场谋杀......

标签:Miami Murder Mystery 枫丹白露酒店  

[爱丁堡大学语言班essay]怎...... 2021-10-25

argument essay也是国外高校常见的essay类型,但是很多同学对于argument essay的写作很不熟悉,希望本篇文章可以帮到大家......

标签:argument ess essay指导 写作要领 

[新加坡申请要交essay吗]英...... 2021-10-25

本文是一篇英国作业。本文通过剖析英国石油公司发生的一起严重事故来阐述战略管理对于组织或公司的重要性,并......

标签:战略管理 项目管理 

[ubc研究生申请的essay]英国...... 2021-10-25

本文是一篇英国assignment essay。主要谈论对外直接投资对经济的增长会有怎么样的影响。本文首先介绍何为对外直接投......

标签:英国essay Literature R FDI 

[essay的 thesis]英国留学es...... 2021-10-25

留学英国,免不了要写assignment,assignment是英国留学比较常见的一种作业方式,但是很多留学生却不知道该如何下手,......

标签:assignment assignment代写 留学assi 

[留学生essay怎么写]留学...... 2021-10-25

本文是一篇英国课程作业。本文阐述了多维绩效模型相较于单一绩效模型的优势,并介绍了全面质量管理(TQM)的定......

标签:TQM Quality Management Perform 

[essay写手招聘]代写essay:...... 2021-10-25

本篇论文是以美国的医疗卫生和保健事业为例,分析了财务管理对于一个公司运作与发展的作用和意义。论文先介绍......

标签:Financial Ma 财务管理 医疗卫生 

Get in Touch

微信在线咨询

微信在线咨询

添加微信:
支持语音、图文实时沟通

Email实时沟通

Email实时沟通

您也可以通过Email联系我们
邮箱:

自助提交订单

自助提交订单

登陆ESSAY写作官网
在线自助提交订单

essay代写网专注【海外留学生essay代写20年】essay辅导代写正规品牌【留学生代写essay靠谱机构】提供英文essay代写、英国代写essay、美国代写Assignment、澳洲report代写、加拿大代写paper、essay范文格式讲解、Assignment代写、代写report、paper代写、essay代写一般多少钱、essay代写招聘、essay代写靠谱吗、英国研究生essay代写、留学生代写平台等辅导代写服务