EXCHANGE RATES AND STOCK PRICES: A STUDY OF THE US CAPITAL MARKETS UNDER FLOATING EXCHANGE RATES

By Raj Aggarwal. 2003

424 citations recorded by the source corpus.

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Citations in the corpus

On the Linkages between Stock Prices and Exchange Rates: Evidence from the Banking Crisis of 2007-2010 (2014, unknown): “For example, Aggarwal (1981) found a significant positive correlation between US stock prices and the strength of the US dollar using monthly data between 1974 and 1978, although Soenen and Hennigar (1988) reported that the sign depends on the sample used.”
CNNpred: CNN-based stock market prediction using a diverse set of variables (2019, background): “Consequently, stock prices are aﬀected by exchange rate of currencies in either direct or indirect manner (Bahmani-Oskooee & Sohrabian, 1992; Aggarwal, 2003).”
Macroeconomic Factors and Stock Market Movement: Evidence from Ghana (2008, background): “Aggarwal (1981) finds positive relationship between revaluation of the US dollar and stock prices .”
Economic variables and stock market returns: evidence from the Athens stock exchange (2006, background): “2 See for example, Franck and Young (1972), Aggarwal (1981), Soenen and Hennigar (1988), Ma and Kao (1990), Jorion (1990), Amihud (1992), Bahmani-Oskooee and Sohrabian (1992), Bodnar and Gentry (1993), Bartov and Bodnar (1994), Abdalla and Murinde (1997), Malliaropoulos (1998). link between foreign…”
Stock Market and Foreign Exchange Market in India: Are they Related? (2004, background): “Studies like Smith (1992), Solnik (1987), Aggarwala (1981), Frank and Young (1972), Phylaktis and Ravazzolo (2000), Granger et al. (2000), Abdalla and Murinde (1997), and Apte (2001) have found a significant positive relationship between stock prices and exchange rates while others, such as Soenen…”
Testing for cointegration with threshold effect between stock prices and exchange rates in Japan and Taiwan (2009, background): “5 For instance, Aggarwal (1981), Soenen and Hennigar (1988), Smith (1992), Bodnar and Gentry (1993), Dropsy and Nazarian-Ibrahimi (1994), Choi and Prasad (1995), Prasad and Rajan (1995), Ajayi and Mougoue (1996), Fang and Loo (1996), Abdalla and Murinde (1997), Kwon et al. (1997), Kanas (2000), and…”
Causal relationship between macro-economic indicators and stock exchange prices in Pakistan (2010, background): “Aggarwal (1981) noted strong positive relationship between the US dollar and US equity prices while Soenen and Hennigan (1988) found a considerable negative relationship. Index of industrial production indicates a measure of total economic activity in the economy and influences equity prices by effe”
Price and Volatility Spillovers between Stock Prices and Exchange Rates: Empirical Evidence from the G-7 Countries (2004, background): “Aggarwal (1981) finds that US stock prices and the trade-weighted dollar are positively correlated. In contrast, Soenen and Hennigar (1988) document a strong negative correlation between US stock indexes and a fifteen currency-weighted value of the dollar. Ma and Kao (1990) provide some insights int”
Macroeconomic determinants of Malaysian stock market (2009, background): “Theoretically, Asprem (1989) put forward that inflation should be positively related to stock return if stocks provide a hedge against inflation.”
Stock Prices and Exchange Rates: Are they Related? Evidence from South Asian Countries (2002, background): “Aggarwal (1981) explored the relationship between changes in the dollar exchange rates and change in indices of stock prices. He uses monthly U.S. stock price data and the effective exchange rate for the period 1974–1978. His results, which were based on simple regressions, showed that stock prices ”
THE DYNAMIC RELATIONSHIP BETWEEN STOCK PRICES AND EXCHANGE RATES: EVIDENCE FOR BRAZIL (2006, unknown): “Aggarwal [4] argued that changes in exchange rates provoke profits or losses in the balance sheet of multinational firms, which induces their stock prices to change.”
Dynamic Relationship between Stock Prices and Exchange Rates: Evidence from Three South Asian Countries (2009, background): “Some of the studies showed that there is a significant positive relationship between the variables, such as, Aggarwal (1981), Giovannini and Jorion (1987), and Roll (1992). But some of the studies counter this argument and showed a significant negative relationship between the variables, such as, So”
Stock Prices and Exchange Rates in the EU and the USA: Evidence of their Mutual Interactions (2004, background): “The first stage of the post-Brettonwood system, characteristic by more volatile exchange rates, was firstly taken into estimation in (Aggarwal, 1981).”
EFFECT OF EXCHANGE RATE VOLATILITY ON THE GHANA STOCK EXCHANGE (2008, background): “(1992), Stock Prices and the Effective Exchange Rate of the Dollar, Applied Economics, 24(4): 459–64.”