The recent increase in financial market liberalizations has increased the foreign capital flow to stock markets. As a consequence, the relationship between the exchange rate and the stock price is being taken more seriously. Theoretically, the change in exchange rate could affect stock prices or...

The recent increase in financial market liberalizations has increased the foreign capital flow to stock markets. As a consequence, the relationship between the exchange rate and the stock price is being taken more seriously. Theoretically, the change in exchange rate could affect stock prices or...

The purpose of this comment is a critical evaluation of the empirical analysis made by Cresti (2005) and her finding that commercial barter behaves differently than corporate barter during the course of business cycles. Here, we correct the arbitrary replacement of the missing observations by...

The purpose of this comment is a critical evaluation of the empirical analysis made by Cresti (2005) and her finding that commercial barter behaves differently than corporate barter during the course of business cycles. Here, we correct the arbitrary replacement of the missing observations by...