Local Stock Market Integration with International Gold and Oil Price

Published Online: 21 December 2021 || Published in Print: 21 December 2021

Authors

  • Kanon Kumar Sen Department of Accounting and Information Systems Bangladesh University of Professionals, Dhaka, Bangladesh Author
  • Md. Thasinul Abedin Department of Accounting, University of Chittagong, Chittagong, Bangladesh Author
  • Ratan Ghosh Department of Accounting and Information Systems Bangladesh University of Professionals, Dhaka, Bangladesh Author

DOI:

https://doi.org/10.54728/2112211640063256

Keywords:

Bangladesh Stock Market, Bounds-Testing Approach, DSEX

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.

Published

2021-12-21

Issue

Vol. 1 No. 1

Section

Articles

How to Cite

Kanon Kumar Sen, Md. Thasinul Abedin, & Ratan Ghosh. (2021). Local Stock Market Integration with International Gold and Oil Price: Published Online: 21 December 2021 || Published in Print: 21 December 2021. Journal of Financial Markets and Governance, 1(1), 91-100. https://doi.org/10.54728/2112211640063256