Dynamics of asset prices in monetary policy; A case study of Kenya.

dc.contributor.author	Langat, Levin
dc.date.accessioned	2022-01-31T15:53:46Z
dc.date.available	2022-01-31T15:53:46Z
dc.date.issued	2021
dc.description	Submitted in partial fulfillment of the requirements for the Degree ofBachelor of Business Science at Strathmore University	en_US
dc.description.abstract	This study examines the extent to which stock returns are linked to interest rate, money supply and exchange rate in Kenya from 2000 to 2018, using GARCH (1,1). Some unanticipated results were uncovered, ultimately contributing to the existing body of literature, and illustrating how different markets respond to different stimuli. The most substantial was the significant positive relationship between stock returns and interest rates. A relationship that can be explained by the Keynesian hypothesis based on a sticky price model. In line with theory results revealed a negative and significant relationship between exchange rates and stock market price returns. Also, the study revealed a significant relationship between stock returns volatility and interest rates	en_US
dc.identifier.uri	http://hdl.handle.net/11071/12538
dc.language.iso	en	en_US
dc.publisher	Strathmore University	en_US
dc.title	Dynamics of asset prices in monetary policy; A case study of Kenya.	en_US
dc.type	Undergraduate project	en_US

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