exchange rate and stock market pdf

Exchange Rate And Stock Market Pdf

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Published: 07.12.2020

The paper aims to investigate the relationship between stock prices and exchange rate movement in seven African countries. Impulse response analyses for other countries show that stock returns in Ghana, Kenya, Mauritius and Nigeria reduce when induced by exchange rate shocks but increase in Egypt and South Africa. Shocks induced by either stock prices or the exchange rate are more protracted in Ghana, Kenya, Mauritius and Nigeria than in South Africa and Egypt.

The Relationship between Exchange Rates and Stock Prices: Studied in a Multivariate Model

Diponegoro No. The result showed that changes of gold prices has significant effect of on stock price volatility, the presence of a positive dynamic correlation between CSPI and gold, and a negative dynamic correlation between CSPI and exchange rates. This research can be used as a reference for investors for their investments by looking at the relationship between the CSPI, gold, and the exchange rate. Aditya, A. Pengaruh indeks bursa luar negeri, indikator makroekonomi dan krisis ekonomi global terhadap indeks harga saham gabungan di Indonesia. Jurnal Aplikasi Bisnis dan Manajemen, 4 2 , — Timeline: How the new coronavirus spread.

Stock prices and exchange rate dynamics in selected African countries: a bivariate analysis

Updated on 2 February View Journal Stats:. The s tock market has become a significant role in the economy and has attracted investor's attention, as it is to generate funds and make an investment decision for companies and investors as well. Therefore, the objective of this study is to study the effect of the money supply, exchange rate, interest spread and stock market in the short and long run and volatility issue. The study employed monthly data, from January to August The findings stated that the money supply, real effective exchange rate, interest spread, had a long-run effect on the performance of the stock market. Money supply and the real effective exchange rate had a positive effect on the stock market performance in the short run.

Skip to search form Skip to main content You are currently offline. Some features of the site may not work correctly. Dimitrova Published Business. In the period November to February , there was an unambiguous upward trend in the U. Over the same period, the U. Analysts kept trying to predict when this downward trend would come to an end based on the U. Was not the exchange rate affected by the stock market instead?


PDF | The exchange rate and stock market are the two fundamental financial markets in the world. These two markets are playing key role in an | Find, read.


The Relationship between Exchange Rates and Stock Prices: Studied in a Multivariate Model

The aim of this paper is to examine the interaction between stock prices and exchange rates in Australia. During the period of the study, the value of the stock market increased by two-thirds and the Australian dollar exchange rate appreciated by almost one-third. The empirical analysis employed provides evidence of a positive co-integrating relationship between these variables, with Granger causality found to run from stock prices to the exchange rate during the sample period. Although commodity prices have not been included, the significance of the results lends support to the notion that these two key financial variables interacted in a manner consistent with the portfolio balance model, that is, stock price movements cause changes in the exchange rate. This challenges the traditional view of the Australian economy as export-dependent, and also suggests that the Australian stock market has the depth and liquidity to adequately compete for both domestic and international capital against other larger markets.

By an ARIMA approach and verified by the Granger causality tests, the causality of daily interest rate, exchange rate and stock prices in Hong Kong were explored for the period to Depending on the subperiods being considered, sporadic unidirectional causality from closing stock prices to interest rate, and weak bi-directional causality between stock prices and the exchange rate were found. The overall evidence, however, appears to show that the Hong Kong market efficiently incorporated much of the interest rate and exchange rate information in its price changes both at daily market close and open. This is a preview of subscription content, access via your institution.

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Если бы этого не было, температура от трех миллионов работающих процессоров поднялась бы до недопустимого уровня - скорее всего силиконовые чипы воспламенились бы и расплавились. Поэтому такая перспектива даже не обсуждалась. Сьюзан старалась сохранять самообладание. Мысли ее по-прежнему возвращались к сотруднику лаборатории систем безопасности, распластавшемуся на генераторах. Она снова прошлась по кнопкам.

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