Stock market information and the relationship between real exchange rate and real interest rates
Junttila, J.-P., & Korhonen, M. (2013). Stock market information and the relationship between real exchange rate and real interest rates. Applied Financial Economics, Vol 23(No 11), 901-920. https://doi.org/10.1080/09603107.2013.776662
Julkaistu sarjassa
Applied Financial EconomicsPäivämäärä
2013Oppiaine
Kauppatieteellinen koulutusalaTekijänoikeudet
© 2013 Taylor & Francis
In this paper we propose to augment the traditional relationship between real exchange rates and real interest rates (RERI) by adding the stock market equilibrium condition to it. We introduce the relative dividend yield as the new information variable. In the empirical analysis we use recent monthly observations from the U.K., Japan, Canada and Eurozone, all relative to the U.S. We show that the introduction of stock market information is highly relevant for the functioning of the RERI hypothesis. Based on the results from the cointegration analysis the role of relative stock market performance is especially important in the short-
term (3 month) horizon, where the augmented RERI representation is
most stronlgy supported.
Julkaisija
RoutledgeISSN Hae Julkaisufoorumista
0960-3107Asiasanat
Julkaisu tutkimustietojärjestelmässä
https://converis.jyu.fi/converis/portal/detail/Publication/22997554
Metadata
Näytä kaikki kuvailutiedotKokoelmat
- Kauppakorkeakoulu [1277]
Samankaltainen aineisto
Näytetään aineistoja, joilla on samankaltainen nimeke tai asiasanat.
-
Investigating Bidirectional Links Between the Quality of Teacher-Child Relationships and Children’s Interest and Pre‐Academic Skills in Literacy and Math
Pakarinen, Eija; Lerkkanen, Marja‐Kristiina; Viljaranta, Jaana; Suchodoletz, Antje (Wiley-Blackwell, 2021)This study investigated bidirectional links between the quality of teacher-child relationships and children’s interest and pre‐academic skills in literacy and math. Furthermore, differences in the patterns of bidirectionality ... -
The relationship between ICT use and reading literacy : focus on 15-year-old Finnish students in PISA studies
Leino, Kaisa (University of Jyväskylä, Finnish Institute for Educational Research, 2014) -
Stock market and exchange rate information in the Taylor rule : Evidence from OECD countries
Heimonen, Kari; Junttila, Juha-Pekka; Kärkkäinen, Samu (Elsevier, 2017)We analyze the effects of stock market and exchange rate information in a forward-looking Taylor rule for monthly data from 14 OECD countries during the years 1999–2016. Especially the stock market information in the form ... -
Herding behaviour in Bangladesh stock market : a case of Dhaka stock exchange
Saha, Sangit (2019)The paper attempts to investigate the presence of herding behaviour in Dhaka stock exchange (DSE), the prime bourse of Bangladesh stock market. In this study, the models proposed by Christie and Huang (1995) and Chang et ... -
"Nothing interesting happens" : early L2 Vocabulary Acquisition via Internet Games
Kähärä, Topias (2017)Digitaalisuus, videopelit ja pelillisyys ovat ilmiöinä kasvaneet hyvin tärkeäksi osaksi elämää monilla elämän osa-alueilla kahden viime vuosikymmenen aikana eikä kasvatusala ole poikkeus. Pelit on otettu tärkeäksi kielen ...
Ellei toisin mainittu, julkisesti saatavilla olevia JYX-metatietoja (poislukien tiivistelmät) saa vapaasti uudelleenkäyttää CC0-lisenssillä.