Koutmos, Gregory; Knif, Johan - In: The European Journal of Finance 17 (2011) 8, pp. 661-674
This paper investigates asymmetric as well as first- and second-moment exchange rate exposure of the Finnish stock exchange (FSE) during the pre- and post-Euro periods. There is evidence of significant market-level and residual exchange rate exposure in the pre-Euro period. In the period,...