depend much on the time period chosen. Empirical evidence confirms the hypothesis that currency hedging should be fully …

macroeconomic variables. We analyse quarterly data for the above variables from 1991.1 to 2007.4. employing cointegration test … stock market index and the economic variables. The paper established that there is cointegration between macroeconomic …

. India, Malaysia, Hong Kong, Singapore, South Korea, Taiwan, Japan, China and Indonesia. Johansen and Juselius (1990 …) multivariate cointegration test, Granger causality/Block exogeneity Wald test based on VECM approach and Variance Decomposition … Analysis was employed to investigate the dynamic linkages between markets. Cointegration test confirmed a well defined long …

econometric techniques namely Unit root test, cointegration test, vector auto correction model (VECM), Granger-Causality test and …

cointegration and causality among foreign direct investment(FDI) in tourism sector, overall GDP, and exchange rate volatility (EX …). According to the ECM technique, the hypothesis that “no cointegration” was rejected for all three variables. The GC results …

of comparable VAR that fails to recognize that the system is characterized by cointegration. I use Monte Carlo simulation … knowledge of cointegration rank. Furthermore the results indicate that a cointegration modeling of credit risk should be favored … against the prevalent level or differenced estimation. …

of comparable VAR that fails to recognize that the system is characterized by cointegration. I use Monte Carlo simulation … knowledge of cointegration rank. Furthermore the results indicate that a cointegration modeling of credit risk should be favored … against the prevalent level or differenced estimation. …

This paper examines weak form efficiency in the stock markets of India, Sri Lanka, Pakistan and Bangladesh; and the … under the DF-GLS and ERS tests. The cointegration and Granger causality tests indicate a high degree of interdependence …