LAUNCHING ISSUE: Role of financial markets in economic development/ Volume 1, Issue 1

Original Research Article | Open Access

Local Stock Market Integration with International Gold and Oil Price
Kanon Kumar Sen, xxxx Ratan Ghosh, xxxx Md. Thasinul Abedin xxxx
Published Online: 21 December 2021 | Published In Print: 28 December 2021 | https://doi.org/10.54728/2112211640063256

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Abstract

We look for the integration of Bangladesh Stock Market with international gold and oil price using most recent monthly data set from January 2003 to December 2020 (2003m1-2020m12). We employ the bounds-testing approach to cointegration between stock market index (DSEX) and international gold and oil price and eventually find an integration and dynamic significant impact of international gold and oil price on DSEX in the long and short-run. We discuss the important policy implications of the dynamic impact of international gold and oil price on stock market index.  slot pulsa