نویسندگان
چکیده
کلیدواژهها
عنوان مقاله [English]
The aim of this paper is to investigate the relationship between volatility real exchange rate and TEDPIX in Tehran Stock Exchange. In order to do this, Generalized Auto Regressive Conditional Heteroscedasticity models (GARCH) that provides the estimation of variable volatility in addition to the effect of volatility on that variable, are used. However, the monthly data of real exchange rate and dividend and price index between 2006 and 2008 have been used. It is concluded that there is a direct and positive relationship between “volatility of real exchange rate” and “dividend and price index”. In other words, increasing of volatility of real exchange rate results in dividend and price index increase
کلیدواژهها [English]
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