Relationship between all share price index (ASPI) and macroeconomic variables: Evidence from Sri Lanka
The relationship between the All Share Price Index (ASPI) and macroeconomic variables namely the real economy, inflation rates, exchange rates, money supply, interest rates were investigated in the context of Sri Lanka. The empirical analysis was carried out by using 40 quarterly data observations where the period spanned from the 1st quarter of 2002 to the 4th quarter 2011. Data were collected from annual bulletins issued by the central bank of Sri Lanka. The methodology used in this study is the time series econometric techniques.