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Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/5363

Title: Effect of Exchange Rates Volatility on Stock Prices: Evidence From The Ghana Stock Exchange
Authors: Kuntomah, Christopher
Issue Date: 9-Dec-2013
Abstract: This study looked at the effect of exchange rate volatility on stock prices in Ghana. The Generalized Autoregressive Conditional Heteroskedasticity (GARCH) model was used to establish the relationship between exchange rate volatility and stock prices. It was revealed that there is a negative relationship between stock prices movements and exchange rates volatility and the relationship is weak and insignificant. This implies that an increase in exchange rate volatility will lead to a decrease in stock market volatility. It is therefore recommended that policy makers should focus on other macroeconomic variables such as inflation, and interest rates so as to simulate growth in the local economy through investments in the Ghana Stock Exchange.
Description: A thesis submitted to the School of Graduate Studies, Kwame Nkrumah University of Science and Technology in partial fulfilment of the requirement for the award of Master of Science degree in Industrial Mathematics, October-2013
URI: http://hdl.handle.net/123456789/5363
Appears in Collections:College of Science

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