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This article examines the relationship between exchange rates and stock prices in eight Asian countries. We test for cointegration and Granger causality for both individual countries using the Gregory and Hansen cointegration test that accommodates a structural break in the cointegrating vector,...
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In this paper, using the cash-in-advance model, we estimate Indonesia's money demand function for the period 1970 … the real exchange rate Granger causes real M1 and real M2. Finally, we find that Indonesia's money demand functions are …
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and conventional equity indices for Indonesia. Our results consistently point towards increased asset co-movement and weak …
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