Interrelationships among stock prices of Taiwan and Japan and NTD/Yen exchange rate

Yau, Hwey-Yun; Nieh, Chien-Chung

doi:10.1016/j.asieco.2006.04.006

Cited by 59 publications

(32 citation statements)

References 64 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The depreciation of exchange rates has adverse effects on exporters and importers alike. Exporters have an advantage over those in other countries as their sales increase and their stock prices go up (see: Berben and Jansen 2005, Yau and Nieh, 2006andHorobet and Ilie 2007, Adjasi et al 2008, Knif et al 2008. While Croatia imports goods and services rather than export them, the depreciation of exchange rates has a negative impact on the stock exchange rate.…”

Section: Resultsmentioning

confidence: 99%

Testing The ‘Black Swan Effect’ on Croatian Stock Market Between 2000 and 2013

Peša

Brajković

2016

emaj

View full text Add to dashboard Cite

We tested the economic activity and stock exchange of Croatia as a new country of European Union (EU) in order to investigate the 'Black Swan effect' from 2000 to 2013. The empirical findings obtained in application of OLS methodology and Chow breaking point test provide evidence and show that resignation of the Croatian ex-Prime Minister did lead country successfully to EU. Also, 'The Black Swan' event, being unpredictable and having huge impact on political and economic environment in Croatia obtained through CROBEX, had effect on Croatian stock exchange indices. Authors conclude that, the resignation was connected to one of the first significant cases of corruption in Croatia which had a negative impact on the economic development of the country in general, dealing at the same time with global recession. E44, F36, F43, F47, G15 JEL-Classification:

show abstract

Section: Resultsmentioning

confidence: 99%

Testing The ‘Black Swan Effect’ on Croatian Stock Market Between 2000 and 2013

Peša

Brajković

2016

emaj

View full text Add to dashboard Cite

show abstract

“…Traditional approach (at microeconomic level) states that exchange rates lead stock prices (Dornbusch and Fischer, 1980;Ajayi and Mongoue, 1996;Yau and Nieh, 2006), whereas portfolio approach (at the macroeconomic level) states that stock market mechanisms determine exchange rates. (Granger et al, 2000;Caporale et al 2002;Pan et al 2007).…”

Section: Us Dollar Versus Stock Market Pricesmentioning

confidence: 99%

Oil, gold, US dollar and stock market interdependencies: a global analytical insight

Arfaoui

Rejeb

2017

EJMBE

117

View full text Add to dashboard Cite

This paper takes a global perspective in examining relationships among oil, gold, US dollar and stock prices, using simultaneous equations system to identify direct and indirect linkages for the period spanning from January 1995 to October 2015. Results show significant interactions between the all parties. Indeed, we found negative relation between oil and stock prices but oil price is significantly and positively affected by stock markets, gold and USD. Oil price is also affected by oil future prices and by Chinese oil gross imports. Gold price is concerned by changes in oil, USD and stock market prices but slightly depend on US oil imports and corporate default premium. The US dollar is negatively affected by stock market and significantly by oil and gold prices and also by US consumer price index. Indirect effects always exist which confirm the presence of global interdependencies and involve the financialization process of commodity markets.

show abstract

“…If a firm is operating in more than one economy, then exchange rate becomes significant for cross border transactions having effect ISSN 2162-3082 2017 on profit. In this way, exchange rate has impact on stock price of firm (Yau and Nieh, 2006). This impact depends upon nature of host economy, whether export dominated or import dominated.…”

Section: International Scenariomentioning

confidence: 99%

FDI Inflow, Stock Market Performance and Exchange Rate: Indian Scenario

Kunal

Phani²

2017

ijafr

View full text Add to dashboard Cite

In this research work, macro level analysis has been conducted to assess impact of foreign direct investment (FDI) capital inflow in Indian economy. This study is focused on causality relationship between FDI inflow, stock market performance and foreign exchange rate. This framework is used for policy implications of relationship between three variables. These macro-economic variables are linked with different policies. Causality tests performed on these variables are further used for policy implications. Impact of change in exchange rate on changes in FDI inflow is the least significant followed by impact of changes in FDI inflow on changes in sensitivity index of stock exchange (SENSEX). The third least significant relationship is observed between changes in FDI inflow on change in exchange rate. These relationships are implied to "Impossible Trinity" framework to assess preference for monetary, fiscal and foreign exchange rate policies. It is observed that improving performance of stock market (SENSEX) should be on priority followed by exchange rate. These finding have implications on fiscal policy, monetary policy and exchange rate. The increase in return of stock market and favourable exchange rate will help in increasing FDI inflow in Indian economy. Stock market performance depends on daily transactions by investors and they are regulated only, not controlled. Supply of foreign currency in India is controlled by the Reserve Bank of India (RBI), who assesses the supply conditions of the market and attempts to manage exchange rate in favour of Indian economy. In other words, the exchange rate can be controlled by having control on supply of foreign currency in domestic market. Hence, there is possibility of having fixed exchange rate and target band of exchange rate.

show abstract

Interrelationships among stock prices of Taiwan and Japan and NTD/Yen exchange rate

Cited by 59 publications

References 64 publications

Testing The ‘Black Swan Effect’ on Croatian Stock Market Between 2000 and 2013

Testing The ‘Black Swan Effect’ on Croatian Stock Market Between 2000 and 2013

Oil, gold, US dollar and stock market interdependencies: a global analytical insight

FDI Inflow, Stock Market Performance and Exchange Rate: Indian Scenario

Contact Info

Product

Resources

About