The Relationship between Exchange Rates and Stock Markets for the Fragile Five Countries
This paper aims to determine the significance relation and direction of stock markets and exchange rate on Fragile five Countries (South Africa, Turkey, Indonesia, India, and Brazil) between January 2010 to December 2019. This study applied the VAR Analysis and Granger Causality Test to determine th...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Collaboration (Ömer ÖZKAN, Murat Çemberci, Mustafa Emre Civelek, Nagehan Uca, Okşan Kibritçi)
2020-05-01
|
| Series: | Journal of International Trade, Logistics and Law |
| Subjects: | |
| Online Access: | http://www.jital.org/index.php/jital/article/view/136 |
| _version_ | 1797913572208017408 |
|---|---|
| author | Kadra Yusuf Hersi Ayben Koy |
| author_facet | Kadra Yusuf Hersi Ayben Koy |
| author_sort | Kadra Yusuf Hersi |
| collection | DOAJ |
| description | This paper aims to determine the significance relation and direction of stock markets and exchange rate on Fragile five Countries (South Africa, Turkey, Indonesia, India, and Brazil) between January 2010 to December 2019. This study applied the VAR Analysis and Granger Causality Test to determine the relationship among exchange rates and stock indexes. The results show that South Africa and Turkey exchange rates and stock indexes are in bidirectional relationships, for India and Brazil, there is a one-way causality finding from exchange rate to stock price, and the results for Indonesia show no causality. |
| first_indexed | 2024-04-10T12:13:45Z |
| format | Article |
| id | doaj.art-a819ea4c0ef1409da8411938a65bf272 |
| institution | Directory Open Access Journal |
| issn | 2149-9748 2149-9748 |
| language | English |
| last_indexed | 2024-04-10T12:13:45Z |
| publishDate | 2020-05-01 |
| publisher | Collaboration (Ömer ÖZKAN, Murat Çemberci, Mustafa Emre Civelek, Nagehan Uca, Okşan Kibritçi) |
| record_format | Article |
| series | Journal of International Trade, Logistics and Law |
| spelling | doaj.art-a819ea4c0ef1409da8411938a65bf2722023-02-15T16:15:52ZengCollaboration (Ömer ÖZKAN, Murat Çemberci, Mustafa Emre Civelek, Nagehan Uca, Okşan Kibritçi)Journal of International Trade, Logistics and Law2149-97482149-97482020-05-0161113The Relationship between Exchange Rates and Stock Markets for the Fragile Five CountriesKadra Yusuf HersiAyben KoyThis paper aims to determine the significance relation and direction of stock markets and exchange rate on Fragile five Countries (South Africa, Turkey, Indonesia, India, and Brazil) between January 2010 to December 2019. This study applied the VAR Analysis and Granger Causality Test to determine the relationship among exchange rates and stock indexes. The results show that South Africa and Turkey exchange rates and stock indexes are in bidirectional relationships, for India and Brazil, there is a one-way causality finding from exchange rate to stock price, and the results for Indonesia show no causality.http://www.jital.org/index.php/jital/article/view/136exchange ratestock indexesgranger causality |
| spellingShingle | Kadra Yusuf Hersi Ayben Koy The Relationship between Exchange Rates and Stock Markets for the Fragile Five Countries Journal of International Trade, Logistics and Law exchange rate stock indexes granger causality |
| title | The Relationship between Exchange Rates and Stock Markets for the Fragile Five Countries |
| title_full | The Relationship between Exchange Rates and Stock Markets for the Fragile Five Countries |
| title_fullStr | The Relationship between Exchange Rates and Stock Markets for the Fragile Five Countries |
| title_full_unstemmed | The Relationship between Exchange Rates and Stock Markets for the Fragile Five Countries |
| title_short | The Relationship between Exchange Rates and Stock Markets for the Fragile Five Countries |
| title_sort | relationship between exchange rates and stock markets for the fragile five countries |
| topic | exchange rate stock indexes granger causality |
| url | http://www.jital.org/index.php/jital/article/view/136 |
| work_keys_str_mv | AT kadrayusufhersi therelationshipbetweenexchangeratesandstockmarketsforthefragilefivecountries AT aybenkoy therelationshipbetweenexchangeratesandstockmarketsforthefragilefivecountries AT kadrayusufhersi relationshipbetweenexchangeratesandstockmarketsforthefragilefivecountries AT aybenkoy relationshipbetweenexchangeratesandstockmarketsforthefragilefivecountries |