On the relationship between stock returns and exchange rates: Tests of granger causality

On the relationship between stock returns and exchange rates : tests of granger causality

Ajayi, Richard A., (1998)

On the Relationship Between Stock Returns and Exchange Rates: Tests of Granger Causality - This paper examines causal relations between stock returns and changes in exchange rates in a sample of six advanced and eight emerging economies using standard Granger Causality tests. The findings provide evidence to indicate that stock and exchange markets are integrated with the exchange rates responding ...

Ajayi, Richard A., (1998)

Tests of investors' reactions to major surprises : the case of emerging markets

Ajayi, Richard A., (1994)