Scandinavian Working Papers in Economics
HomeAboutSeriesSubject/JEL codesAdvanced Search
The Economic Research Institute, Stockholm School of Economics SSE/EFI Working Paper Series in Economics and Finance

No 195:
Openness and the exchange rate exposure of national stock markets - a note

Richard Friberg () and Stefan Nydahl

Abstract: This paper examines the relationship between the valuation of the stock market and an effective exchange rate. We use monthly data on 10 industrialized countries for the period 1973-1996. We find that the more open the economy, the stronger is the (positive) relationship between return on the stock market and the exchange rate. The pattern that we find is consistent with the well documented findings of less than full pass-through of exchange rates onto import prices.

Keywords: exchange rate pass-through; exchange rate exposure; (follow links to similar papers)

JEL-Codes: F30; G10; (follow links to similar papers)

21 pages, September 17, 1997

Before downloading any of the electronic versions below you should read our statement on copyright.
Download GhostScript for viewing Postscript files and the Acrobat Reader for viewing and printing pdf files.

Full text versions of the paper:

hastef0195.pdf.zip    PDF-file (zipped) (88kB) 
hastef0195.pdf    PDF-file (119kB) 
hastef0195.ps.zip    PKZipped PostScript (57kB) 
hastef0195.ps    PostScript file (434kB) 
Download Statistics

Questions (including download problems) about the papers in this series should be directed to Helena Lundin ()
Report other problems with accessing this service to Sune Karlsson () or Helena Lundin ().

Programing by
Design by Joachim Ekebom

Handle: RePEc:hhs:hastef:0195 This page was generated on 2014-12-14 19:22:53