This paper investigates the interaction between stock prices and real exchange rates by applying monthly data from … stock prices and real exchange rates, and also a unidirectional causality from the real exchange rates to the stock prices …

This study examines the effect of specific macroeconomic factors on the stock prices of selected financial sector …, we confirmed that macroeconomic fundamentals had a negative impact on stock prices. The interest rate, which also has a … macroeconomic variables that explain changes in stock prices within the VECM framework. …

method. Using different measures, it is shown that the low frequency and trend components of stock prices are relatively … break tests. Therefore, US stock prices have been driven mostly by fundamental laws rooted in economic growth and longterm …

recessions are usually followed by asset price and credit bursts, and find that housing and stock prices tend to lead real …

method. Using different measures, it is shown that the low frequency and trend components of stock prices are relatively … break tests. Therefore, US stock prices have been driven mostly by fundamental laws rooted in economic growth and long …