Bivariate causality between exchange rates and stock prices in Malaysia

• Main Authors: Mohd Fahmi Ghazali, Wahi Ismail, Mohd Rushdan Yasoa’, Nelson Lajuni
• Format: Article
• Language: English; English
• Published: The Institute for Business and Finance Research 2008
• Subjects: HB1-3840 Economic theory. Demography
• Online Access: https://eprints.ums.edu.my/id/eprint/29347/1/Bivariate%20causality%20between%20exchange%20rates%20and%20stock%20prices%20in%20Malaysia.pdf; https://eprints.ums.edu.my/id/eprint/29347/2/Bivariate%20causality%20between%20exchange%20rates%20and%20stock%20prices%20in%20Malaysia1.pdf; https://eprints.ums.edu.my/id/eprint/29347/; https://www.researchgate.net/publication/228241202

The main purpose of this paper is to examine the relationship between stock prices and exchange rates in Malaysia. This research considers high-frequency data of USD-MYR exchange rates and Kuala Lumpur Composite Index (KLSE) from July 22, 2005 to March 23, 2007, which is the period when the MYR was...