المستخلص: |
The stability of the demand for money has been a recurring area of interest of empirical, Research .underlying this interest in the behavior of money demand is the potential role, Of movements in monetary aggregates as indicators of future development, This research aims to test the relationship between money demand function and stock price, Index in Iraq, The study's empirical analysis uses quarterly seasonally unadjusted data from 2004:4 to 2015:4 (45 observations), The study use time series analysis with unit root and co-integration, Error cointegration, Result suggest that there are five cointegration vectors in money demand, interest rate, cpi, exchange rate, Important findings of this research are that stock price index negatively and statistically, Significant in long and short run, Finally, the study ends up with specific conclusions, and recommendations that explained, The relationship, and the suggestions for future works.
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