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The Causality Relation between the Kazakhstan Stock Market and the US Dollar, the Euro and the Russian Ruble. - Dissertation Example
The world’s largest landlocked country has survived transition after transition, maintaining financial stability on a level comparable to much more established governments. Research of the Kazakhstan Stock Exchanges includes its relationship with the United States, Russia, and Europe. …
The relation between the Kazakhstan tenge and other currencies is examined by statistical time series analysis. The relationship of exchange rates over a specific period of time is studied based upon bivariate and multivariate variables. Currency has continuously evolved as the domestic and international vehicle for trade. This paper will define and discuss the history of the causality relation between the Kazakhstan Stock Market and the tenge, and the US Dollar, the Euro, and the Russian Ruble. The research includes a quantitative analysis by using several statistical methods to support the hypotheses. The sample data represents performance analysis from June 2000 to December 2012.
Skilled trader George Soros earned one billion dollars in one day, trading currency on the Foreign Exchange market (XE Currency, 2013). Massive amounts of World trade are made possible through stock exchanges. Today, world trade systems have become high-tech, electronic passageways for intercontinental commerce. The Foreign Exchange market (FOREX) is as big as the World Wide Web. Averaging trillions of dollars in transactions each day, the FOREX operates 24 hours a day. However, the stock market did not become what it is today, overnight. Time, trial and error, and the demand for commerce have shaped the stock market exchange into what it is today.
The stock exchange is the most crucial element of international trade. Stocks are like football teams, the true fans root for their favorites whether they win or lose. And when they lose, they don’t exchange them for better prospects, they go back to the play room drawing board. ...