Iranian Financial Engineering Association(IFEA) International Journal of Finance & Managerial Accounting 2588-4379 10 39 2025 10 01 Evaluating volatility of markets parallel to the money market on return of the capital market banking industry 233 243 23645 10.30495/ijfma.2024.52819.1438 EN Rahman Doostian Assistant Professor Department of Accounting, Khorramabad Branch, Islamic Azad University, Khorramabad, Iran. 0000-0002-8221-1041 Seyede Zahra Mirashrafi Lecturer, Department of accounting, Payamenoor University, Tehran, Iran. 0000-0002-7025-8993 Journal Article 2020 05 16 In this study, we attempt to investigate the effect of volatility or turbulence of parallel markets of gold, currency and oil on stock bank shares. The existing relationships between financial markets indicate the process of information transmission between financial markets, and these markets are, in a way, regarded as each other's competitors. In this research, the impressibility of stock banks by parallel markets of currency and gold, as well as the oil market as an independent influential market, have been individually evaluated. To do so, the vector autoregression (VAR) analysis and the conditional multivariate generalized autoregressive conditional heteroskedasticity (MGARCH) model have been used. Research data have been collected and evaluated from the beginning of June 2012 to the end of September 2017. The research method is of the correlation type and research categorizations regarding method, nature and direction are considered descriptive, applicable and post-event, respectively. Results of the present study confirm a significant relationship between impressibility of stock banks and parallel markets of currency, gold and oil. According to hypotheses of this research, the impressibility of stock bank shares in the capital market, from parallel markets, has the potential of forecasting using the multivariate GARCH model. http://www.ijfma.ir/article_23645_a0164cbfe882aa11e433a6b503cb62db.pdf