Stock prices, exchange rates and causality in Malaysia : a note
This article contributes to the debate on stock prices and exchange rates in Malaysia. It examines causal relations using a new Granger non-causality test proposed by Toda and Yamamoto (Journal of Econometrics, 66, 225-50, 1995). Among the findings of interest, there is a feedback interaction betwee...
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2006
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my.unimas.ir.17892023-03-23T07:25:09Z http://ir.unimas.my/id/eprint/1789/ Stock prices, exchange rates and causality in Malaysia : a note Azman Saini, W.N.W. Habibullah, M.S. Siong, Hook Law Dayang Affizzah, Awang Marikan HB Economic Theory HG Finance This article contributes to the debate on stock prices and exchange rates in Malaysia. It examines causal relations using a new Granger non-causality test proposed by Toda and Yamamoto (Journal of Econometrics, 66, 225-50, 1995). Among the findings of interest, there is a feedback interaction between exchange rates and stock prices for the pre-crisis period. The results also reveal that exchange rates lead stock prices for the crisis period. In a financially liberalized environment, exchange rates stability is important for stock market well-being. Economic Division 2006 Article NonPeerReviewed text en http://ir.unimas.my/id/eprint/1789/1/stock%2Bprices%2Bexchange%2Brates%2Band%2Bcasuality%2B%2528abstract%2529%20%281%29.pdf Azman Saini, W.N.W. and Habibullah, M.S. and Siong, Hook Law and Dayang Affizzah, Awang Marikan (2006) Stock prices, exchange rates and causality in Malaysia : a note. MPRA Paper No. 656, posted 3. November 2006, 656 (3). |
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HB Economic Theory HG Finance Azman Saini, W.N.W. Habibullah, M.S. Siong, Hook Law Dayang Affizzah, Awang Marikan Stock prices, exchange rates and causality in Malaysia : a note |
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This article contributes to the debate on stock prices and exchange rates in Malaysia. It examines causal relations using a new Granger non-causality test proposed by Toda and Yamamoto (Journal of Econometrics, 66, 225-50, 1995). Among the findings of interest, there is a feedback interaction between exchange rates and stock prices for the pre-crisis period. The results also reveal that exchange rates lead stock prices for the crisis period. In a financially liberalized environment, exchange rates stability is important for stock market well-being. |
format |
Article |
author |
Azman Saini, W.N.W. Habibullah, M.S. Siong, Hook Law Dayang Affizzah, Awang Marikan |
author_facet |
Azman Saini, W.N.W. Habibullah, M.S. Siong, Hook Law Dayang Affizzah, Awang Marikan |
author_sort |
Azman Saini, W.N.W. |
title |
Stock prices, exchange rates and causality in Malaysia : a note |
title_short |
Stock prices, exchange rates and causality in Malaysia : a note |
title_full |
Stock prices, exchange rates and causality in Malaysia : a note |
title_fullStr |
Stock prices, exchange rates and causality in Malaysia : a note |
title_full_unstemmed |
Stock prices, exchange rates and causality in Malaysia : a note |
title_sort |
stock prices, exchange rates and causality in malaysia : a note |
publisher |
Economic Division |
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2006 |
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http://ir.unimas.my/id/eprint/1789/1/stock%2Bprices%2Bexchange%2Brates%2Band%2Bcasuality%2B%2528abstract%2529%20%281%29.pdf http://ir.unimas.my/id/eprint/1789/ |
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1761623561742581760 |
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13.160551 |