On the Relationship Between Stock Returns and Exchange Rates: Tests of Granger Causality - This paper examines causal relations between stock returns and changes in exchange rates in a sample of six advanced and eight emerging economies using standard Granger Causality tests. The findings provide evidence to indicate that stock and exchange markets are integrated with the exchange rates responding ...
| Year of publication: |
1998
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| Authors: | Ajayi, Richard A. ; Friedman, Joseph ; Mehdian, Seyed M. |
| Published in: |
Global finance journal. - Amsterdam [u.a.] : Elsevier Inc., ISSN 1044-0283, ZDB-ID 11172435. - Vol. 9.1998, 2, p. 241-252
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