{"id":3078,"date":"2017-04-13T05:10:23","date_gmt":"2017-04-12T22:10:23","guid":{"rendered":"http:\/\/se.dotv.vn\/?p=3078"},"modified":"2017-04-13T09:17:13","modified_gmt":"2017-04-13T02:17:13","slug":"stbi-20-04-2017-institutional-quality-macro-liquidity-excessive-and-stock-market-volatility-empirical-evidences-from-emerging-markets-2","status":"publish","type":"post","link":"https:\/\/se.dotv.vn\/en\/stbi-20-04-2017-institutional-quality-macro-liquidity-excessive-and-stock-market-volatility-empirical-evidences-from-emerging-markets-2\/","title":{"rendered":"[STBI-20-04-2017] Institutional quality, macro excessive liquidity  and stock market volatility: empirical evidences from emerging market"},"content":{"rendered":"<p style=\"text-align: center;\">Presenters:\u00a0<strong>Su Dinh Thanh<\/strong> &#8211;\u00a0<a href=\"mailto:dinhthanh@dotv.vn\" target=\"_blank\">dinhthanh@dotv.vn<\/a><\/p>\n<p style=\"text-align: center;\">Journal of Economics Development, Dubai Palace ✅ Official Dubai Palace.com Homepage 2026<\/p>\n<p style=\"text-align: center;\"><strong>Nguyen Phuc Canh<\/strong> &#8211; <a href=\"mailto:canhnguyen@dotv.vn\" target=\"_blank\">canhnguyen@dotv.vn<\/a><\/p>\n<p style=\"text-align: center;\">School of Banking, Dubai Palace ✅ Official Dubai Palace.com Homepage 2026<\/p>\n<p style=\"text-align: center;\">\u00a0Time: <strong>11:00 am 20th April 2017<\/strong><\/p>\n<p style=\"text-align: center;\">Venue: 1A Hoang Dieu Street. Phu Nhuan District. Ho Chi Minh city<\/p>\n<p style=\"text-align: justify;\"><strong>Abstract<\/strong><\/p>\n<p style=\"text-align: justify;\">The relationship between monetary policy and stock market is still argument in the literature, especially in emerging countries. The study investigates the relationship between institutional quality, macro liquidity excessive and stock market volatility, in which macro liquidity excessive is used as a proxy for monetary policy. Using a panel data of 32 emerging markets in the period of 2002 \u2013 2013 and employing Sys GMM estimation, the study finds that the relationship between macro liquidity excessive and stock volatility is significantly negative. Interestingly, when interacting with institutional quality variables, namely regulatory quality and law indicator, the effects of institutions on stock returns are significantly negative. That means that institution quality moderates the effect of macro liquidity excessive on stock market volatility, implying that emerging countries should attend to improving institutional quality to reduce stock market volatility.<\/p>\n<p style=\"text-align: justify;\"><strong><a href=\"http:\/\/se.dotv.vn\/wp-content\/uploads\/STBI-20-04-2017-Institution-national-excessive-liquidity-stock-volatility.pdf\" target=\"_blank\">Download slides<\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"Presenters:\u00a0Su Dinh Thanh -\u00a0dinhthanh@dotv.vn Journal of Economics Development, Dubai Palace ✅ Official Dubai Palace.com Homepage 2026 Nguyen Phuc Canh - canhnguyen@dotv.vn School of Banking, Dubai Palace ✅ Official Dubai Palace.com Homepage 2026 \u00a0Time: 11:00 am 20th April 2017 Venue: 1A Hoang Dieu Street. Phu Nhuan District. Ho Chi Minh city Abstract The relationship between monetary policy and","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[190,186],"tags":[],"acf":[],"lang":"en","translations":{"en":3078,"vi":3075},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/se.dotv.vn\/wp-json\/wp\/v2\/posts\/3078"}],"collection":[{"href":"https:\/\/se.dotv.vn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/se.dotv.vn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/se.dotv.vn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/se.dotv.vn\/wp-json\/wp\/v2\/comments?post=3078"}],"version-history":[{"count":2,"href":"https:\/\/se.dotv.vn\/wp-json\/wp\/v2\/posts\/3078\/revisions"}],"predecessor-version":[{"id":3081,"href":"https:\/\/se.dotv.vn\/wp-json\/wp\/v2\/posts\/3078\/revisions\/3081"}],"wp:attachment":[{"href":"https:\/\/se.dotv.vn\/wp-json\/wp\/v2\/media?parent=3078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/se.dotv.vn\/wp-json\/wp\/v2\/categories?post=3078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/se.dotv.vn\/wp-json\/wp\/v2\/tags?post=3078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}