Examining the Influence of Monetary Policy on Stock Market Performance in Namibia's Emerging Economy

Published: 3 July 2024| Version 1 | DOI: 10.17632/3ztv7f8nt3.1
Tafirenyika Sunde


The study utilises annual time series data from 1991 to 2022 sourced from reputable institutions, including the Bank of Namibia, the Namibia Stock Exchange (NSX), the Namibia Statistics Agency (NSA), and the World Bank. The selected variables are Stock Market Returns (NSXi), represented by the Namibia Stock Exchange overall index; Repo Rate (LNREPO), the primary monetary policy tool used by the Bank of Namibia; Broad Money Supply (LNM2), which reflects the total money supply in the economy; and Real Gross Domestic Product (LNRGDP), which measures economic output adjusted for inflation


Steps to reproduce

Unit root tests cointegration ARDL ARDL-ECM


Namibia University of Science and Technology


Finance, Applied Economics