An empirical investigation of the causal relationship among monetary variables with equity market returns in the Philippine setting

• Main Authors: Cheong, Oliver, Cancio, Julio Ricardo, Cobankiat, Charmaine, Galang, Candice
• Format: text
• Language: English
• Published: Animo Repository 2010
• Subjects: Treasury bills > Philippines; Interest rates > Philippines; Foreign exchange rates > Philippines; Finance and Financial Management
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/18524
• Institution: De La Salle University

This study explores the long-term dynamic relationship between equity market returns and monetary variables from an observable period of ten years (1999-2008) in the Philippines. Monetary variables include money supply as measured by M1 money, treasury bill rates as a proxy for interest rates, forei...