Liang, Chin-Chia; Lin, Jeng-Bau; Hsu, Hao-Cheng - In: Economic Modelling 32 (2013) C, pp. 560-563
We revisit the relationships between the equity market and currency market in ASEAN-5 using the panel Granger causality and panel DOLS methodologies. Our results support the “stock-oriented” hypothesis of exchange rates proposed by Branson (1983) and Frankel (1983), which states that...