This study examines the causal relationship between interest rates and the exchange value of the dollar using Granger causality tests. Cointegration tests show that errorcorrection models are not necessary in this case. The results suggest that the combination of short- and long-term U.S....

In this paper we investigate the relationship between regional financial turmoil and equity markets of three emerging Asian economies: Indonesia, Malaysia, and Thailand. The study focuses on the contagion of the regional banking and financial difficulties to security markets in these three...