Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal International Journal of Finance Research
Chandran, A Porchelvi
Unknown Affiliation
Economics, Econometrics & Finance Social Sciences

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
Co-movements between Stock Markets and Exchange Rates: Empirical Evidence from the G20 Nations Suri, Ritu Kumar; Gauba, Sucheta; Chandran, A Porchelvi
International Journal of Finance Research Vol. 5 No. 3 (2024): International Journal of Finance Research
Publisher : Training & Research Institute - Jeramba Ilmu Sukses (TRI-JIS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47747/ijfr.v5i3.1934

Abstract

This study investigates the relationship between stock markets and exchange rate markets in the short and long run for G20 countries by analyzing weekly stock market returns and exchange rates from January 2008 to March 2023. This study uses the CD test for testing cross-sectional dependence in all the panel series, and unit root tests are employed to verify the stationarity properties of variables. Based on the above results, the panel ARDL model and PMG estimator are used to establish the long-run and short-run cointegrating relation between the stock and exchange rate markets. We have found a stable positive relationship between the stock markets and the exchange rate of G20 countries in the long run, but a negative association was found in the short run. These findings highlight the intricate dynamics between stock markets and exchange rates and the interconnectedness of G20 nations. The robust positive long-term correlation and the short-term negative association exhibit the differential impacts of macroeconomic variables over varying time horizons
Co-Authors Gauba, Sucheta Suri, Ritu Kumar