عنوان مقاله [English]
نویسندگان [English]چکیده [English]
The Objective of this research is to study the Impressibility of stock market from erratic growth of liquidity during a quarterly period of time from 1999 to 2008. For this reason, in addition to the theoretical analysis of the topic, the effects of research topic through time series analysis by using GARCH models and OLS technique will be studied. The research results indicate that growth of liquidity and erratic growth of liquidity have meaningful effects on total index of stock market (total price index of stock market), Therefore, 1% increase in the growth of liquidity, Would increase 0.66% total index of stock market and 1% increase in the erratic growth of liquidity Would decrease 0.028% total index of stock market. The interest rate does not have a meaning full effect on total return of the stock market too.