Aysun, Uluc; Guldi, Melanie - 2009
rates
measured as local currency per major currencies such as the US Dollar, Euro, Japanese Yen,
British pound and the … results obtained using the local currency/US Dollar exchange rate for emerging
markets and the US Dollar/Euro exchange rate … Newey and
West (1987) method. The results from the estimation of equation (1) (using the US Dollar/Euro
exchange rate …