Stock Prices and Exchange Rates in the EU and the United States: Evidence on Their Interaction

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F05%3A00000006" target="_blank" >RIV/47813059:19520/05:00000006 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Stock Prices and Exchange Rates in the EU and the United States: Evidence on Their Interaction
Original language description
This paper investigates the nature of the causal relationship between stock prices and effective exchange rates in four old EU-member countries, four new EU-member countries, and in the USA. The results show much stronger causality in countries with developed capital and foreign exchange markets than in the new-comes. Causalities seem to be predominantly unidirectional with a direction running from stock prices to exchange rates.
Czech name
Ceny akcií a měnové kurzy v EU a USA: Empirický důkaz jejich vzájemných interakcí
Czech description
This paper investigates the nature of the causal relationship between stock prices and effective exchange rates in four old EU-member countries, four new EU-member countries, and in the USA. The results show much stronger causality in countries with deve

Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Project
<a href="/en/project/GA402%2F02%2F1408" target="_blank" >GA402/02/1408: Comparing Financial Markets Development in the Czech Republic and EU-Countries</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2005
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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