Research shows that the predictive ability of economic fundamentals for exchange rates is time-varying; it may be detected in some periods and disappear in others. This paper uses bootstrap-based methods to uncover the time-specific conditioning information for predicting exchange rates....

The existing literature has explained the causality flow from the exchange rates toward the stock market without explaining the role of the economic crisis in effecting this nexus. This study examines the role of the financial crisis in affecting the nonlinear causality flowing from the exchange...