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The Effect Of The Introduction Of The Euro On The Stock Price Volatility In The Belgian Equity Market, Hanne Zmierczak
The Effect Of The Introduction Of The Euro On The Stock Price Volatility In The Belgian Equity Market, Hanne Zmierczak
Theses
This study serves to research the effect of the introduction of the Euro as a currency on the volatility in the equity market in Belgium. It particularly looks at the Bel20 index volatility, which includes the twenty largest companies listed in the Belgian stock exchange. This study incorporates ordinary least squares regressions with a time series component. Various models with a timeframe between January 1992 and December 2013 are run. The dependent variable of this research is Bel20 volatility, while the independent variables include inflation, consumer confidence, change in industrial production, GDP growth, Euro dummy variables, and a financial crisis …