The Exchange Rate Determination and Equity Prices: Evidence from the U.K
| dc.contributor.author | Litsios, Ioannis | |
| dc.date.accessioned | 2018-12-31T19:59:09Z | |
| dc.date.available | 2018-12-31T19:59:09Z | |
| dc.date.issued | 2013-11 | |
| dc.identifier.issn | 1703-4949 | |
| dc.identifier.uri | http://hdl.handle.net/10026.1/13105 | |
| dc.description.abstract |
This paper develops a model of optimal choice over an array of different assets, including domestic and foreign bonds, domestic and foreign equities, and domestic and foreign real money balances, with a view to examine whether stock markets have an effect on the exchange rate in the long-run. The model is tested using data from the UK and the USA. Evidence suggests that the UK stock market has a significant effect on the value of the pound's sterling nominal effective exchange rate in the long-run over the period 1982 to 2011. © 2014 Elsevier Inc. | |
| dc.format.extent | 115-128 | |
| dc.language | en | |
| dc.language.iso | en | |
| dc.publisher | Elsevier BV | |
| dc.title | The Exchange Rate Determination and Equity Prices: Evidence from the U.K | |
| dc.type | journal-article | |
| dc.type | Journal Article | |
| plymouth.issue | 2 | |
| plymouth.volume | 10 | |
| plymouth.publication-status | Published | |
| plymouth.journal | The Journal of Economic Asymmetries | |
| dc.identifier.doi | 10.1016/j.jeca.2014.01.002 | |
| plymouth.organisational-group | /Plymouth | |
| plymouth.organisational-group | /Plymouth/Faculty of Arts, Humanities and Business | |
| plymouth.organisational-group | /Plymouth/REF 2021 Researchers by UoA | |
| plymouth.organisational-group | /Plymouth/REF 2021 Researchers by UoA/UoA17 Business and Management Studies | |
| dcterms.dateAccepted | 2014-01-23 | |
| dc.rights.embargoperiod | Not known | |
| rioxxterms.versionofrecord | 10.1016/j.jeca.2014.01.002 | |
| rioxxterms.licenseref.uri | http://www.rioxx.net/licenses/all-rights-reserved | |
| rioxxterms.type | Journal Article/Review |