The dynamics between the stock market and exchange rates: Spain 1999–2015

Luzarraga-Goitia, Joseba; Regúlez-Castillo, Marta; Rodríguez‐Castellanos, Arturo

doi:10.1080/1351847x.2020.1832024

Cited by 5 publications

(1 citation statement)

References 51 publications

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“…[22] Investigated six emerging markets in Latin America using monthly data to indicate the volume of trade changes the stock prices. However, the balance of trade has also infl uenced the stock prices, with the increase in the balance of trade being infl ation and leading to a reaction from the monetary authority through a high rate of interest, which affects stock prices negatively [23]. There are two primary channels existing that affect real stock prices through the balance of trade, namely the wealth effect channel and to an extent, the exchange rate channel [24].…”

Section: Stock Market and Balance Of Trade (Bot)mentioning

confidence: 99%

The investigations of long and short-term relationships between macroeconomic variables and stock markets: Evidence from China and Pakistan

Isbat,

Lu,

Saqib

et al. 2023

Comput Math Appl

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The motivation behind this research study is the pragmatic examination of associations existing between the stock markets of (SSE), (KSE-100) and macroeconomic variables (Balance of trade, Unemployment rate, Inflation rate, Broad supply of money, and Foreign direct investment) using the annually time series informational data set for the period cover from January 1995 to December 2019. The key objectives of this examination are to check the long and short-term association between the macroeconomic variables and both stock market returns by utilizing different methods and strategies. The results of the unit root test specified the primary series is not stationary at a level and becomes stationary in the first difference. On an annual basis through utilizing the Fisher combined Johansen co-integration test and Vector Error Correction (VCM) technique, it shows that both stock markets had a long-term equilibrium association with macro variables and short-run dis equilibrium adjusted at 6.78%. These findings are valuable for stock exchange editors, financial analysts, policymakers, shareholders, and investors as well as for the Government.

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Section: Stock Market and Balance Of Trade (Bot)mentioning

confidence: 99%