English  |  正體中文  |  简体中文  |  全文笔数/总笔数 : 51931/87076 (60%)
造访人次 : 8488301      在线人数 : 148
RC Version 7.0 © Powered By DSPACE, MIT. Enhanced by NTU Library & TKU Library IR team.
搜寻范围 查询小技巧:
  • 您可在西文检索词汇前后加上"双引号",以获取较精准的检索结果
  • 若欲以作者姓名搜寻,建议至进阶搜寻限定作者字段,可获得较完整数据
  • 进阶搜寻

    jsp.display-item.identifier=請使用永久網址來引用或連結此文件: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/23762

    题名: Dynamic relationship between stock prices and exchange rates for G-7 countries
    作者: Nieh, C. C.;Lee, C. F.
    贡献者: 淡江大學財務金融學系
    关键词: C32;Cointegration;Exchange rate;F31;G15;Stock price;VECM
    日期: 2001-12
    上传时间: 2013-08-08 14:42:10 (UTC+8)
    出版者: Amsterdam: Elsevier BV * North-Holland
    摘要: There are two major findings from our time-series estimations. First, we find that there is no long-run significant relationship between stock prices and exchange rates in the G-7 countries. This result interfaces with Bahmani-Oskooee and Sohrabian’s (1992) finding, but contrasts with the studies that suggest there be a significant relationship between these two financial variables. Our second finding is that the short-run significant relationship has only been found for one day in certain G-7 countries. For instance, currency depreciation often drags down stock returns in the German financial market, but it stimulates the Canadian and UK markets on the following day. However, an increase in stock price often causes currency depreciation the next day in Italy and Japan. In addition, we also find that the record of stock price and the value of the dollar cannot be depended on when predicting the future in the US, either in the short-run or long-run.
    關聯: Quarterly Review of Economics and Finance 41(4), pp.477-490
    DOI: 10.1016/S1062-9769(01)00085-0
    显示于类别:[財務金融學系暨研究所] 期刊論文


    档案 大小格式浏览次数



    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library & TKU Library IR teams. Copyright ©   - 回馈