id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
ajfa-11962	Goh, Boon Leng Mark; Talib, Ameen Ali	A Singaporean Study on Macroeconomic Variables Impacting Stock Returns	2017	19	.pdf	application/pdf	7088	297	51	5.2 Impulse Responses Impulse Responses using Cholesky (d.o.f. adjusted) was examined to determine the impact of the variables on the STI: Asian Journal of Finance & Accounting ISSN 1946-052X 2017, Vol. 9, No. 2 ajfa.macrothink.org 229 5.2.1 Impact of S$NEER on STI -100 0 100 200 2 4 6 8 10 Response of D(STI) to D(S$NEER) STI was found to respond negatively short-term to S$NEER, with a drop to -55% over 2 periods before values recover to 0%. 5.2.5 Impact of Crude Oil Prices on STI -100 0 100 200 2 4 6 8 10 Response of D(STI) to D(OIL) Crude Oil price was found to have a short-term positive impact the STI, with STI levels initially rising to a high of 67% initially, before dropping to a low of -32% in the 4th period, and eventually recovering to 0%.	cache/ajfa-11962.pdf	txt/ajfa-11962.txt