• myGriffith
    • Staff portal
    • Contact Us⌄
      • Future student enquiries 1800 677 728
      • Current student enquiries 1800 154 055
      • International enquiries +61 7 3735 6425
      • General enquiries 07 3735 7111
      • Online enquiries
      • Staff phonebook
    View Item 
    •   Home
    • Griffith Research Online
    • Journal articles
    • View Item
    • Home
    • Griffith Research Online
    • Journal articles
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    Browse

  • All of Griffith Research Online
    • Communities & Collections
    • Authors
    • By Issue Date
    • Titles
  • This Collection
    • Authors
    • By Issue Date
    • Titles
  • Statistics

  • Most Popular Items
  • Statistics by Country
  • Most Popular Authors
  • Support

  • Contact us
  • FAQs
  • Admin login

  • Login
  • Exchange Rates and Stock Prices Interaction During Good and Bad Times: Evidence from the ASEAN4 Countries

    Thumbnail
    View/Open
    31361_1.pdf (132.2Kb)
    Author(s)
    Hatemi J, A
    Roca, E
    Griffith University Author(s)
    Roca, Eduardo D.
    Hatemi-Jarabad, Abdulnasser
    Year published
    2005
    Metadata
    Show full item record
    Abstract
    Using bootstrap causality tests with leveraged adjustments, the link between exchange rates and stock prices in Malaysia, Indonesia, Philippines and Thailand is investigated for the periods immediately before and during the 1997 Asian crisis. The two variables are found to be significantly linked in nonc-crisis period but at all during the crisis period. The implications of this result in terms of hedging, market efficiency, market integration and policy intervention are explained in the paper.Using bootstrap causality tests with leveraged adjustments, the link between exchange rates and stock prices in Malaysia, Indonesia, Philippines and Thailand is investigated for the periods immediately before and during the 1997 Asian crisis. The two variables are found to be significantly linked in nonc-crisis period but at all during the crisis period. The implications of this result in terms of hedging, market efficiency, market integration and policy intervention are explained in the paper.
    View less >
    Journal Title
    Applied Financial Economics
    Volume
    15
    Issue
    8
    DOI
    https://doi.org/10.1080/09603100500056635
    Copyright Statement
    © 2005 Taylor & Francis. This is an electronic version of an article published in Applied Financial Economics, Volume 15, Issue 8, 2005, Pages 539-546. Applied Financial Economics is available online at: http://www.tandfonline.com with the open URL of your article.
    Subject
    Applied economics
    Banking, finance and investment
    Publication URI
    http://hdl.handle.net/10072/4529
    Collection
    • Journal articles

    Footer

    Disclaimer

    • Privacy policy
    • Copyright matters
    • CRICOS Provider - 00233E
    • TEQSA: PRV12076

    Tagline

    • Gold Coast
    • Logan
    • Brisbane - Queensland, Australia
    First Peoples of Australia
    • Aboriginal
    • Torres Strait Islander