أثر السياسة النقدية على كفاء سوق الأوراق المالية : دراسة حالة الشركات المساهمة العامة المدرجة في بورصة عمان

Abstract EN

The purpose of this research is to identify the concept of monetary policy, its objectives, instruments and its relation to the efficiency of the stock market.

Two hypotheses have been formulated, one on pricing efficiency and the other on operational efficiency The two assumptions were (SIG) greater than 0.05, which means that the null hypothesis (H0) was accepted and the alternative hypothesis (HA) was rejected.

This means that there are no significant differences in the impact of monetary policy on the stock market.

The value of R2 which refers to the relationship between inflation rate and the change in share prices was calculated in the two hypotheses.

The value of R2 in the first hypothesis was 0.000625 from the change in the dependent variable which shows a weak positive linear correlation.

The value of R2 for the second hypotheses was 0942 from the change in the dependent variable which shows a medium positive linear correlation between inflation and the change in stock prices.

The study came up with a set of recommendations where it was found that methods should be adopted to reduce inflation rates by reducing the amount of cash in circulation that leads to an increase in the general level of prices, it is also necessary to reduce the granting of credit facilities through percentages imposed by the Central Bank on commercial banks, to tighten control over the margin of collateral required by customers to finance their projects from securities, confirming the terms of sale in installments paid by the consumer as a percentage of the bank's value of the goods and the rest in the form of certain payments, and work to reduce the impact on the redistribution of wealth.