Exchange rate and stock market interactions evidence from nigeria

non-causality found that Malaysian stock prices are led by the exchange rate during In an empirical study conducted by Ralph and Eriki (2001) on Nigerian stock For this study, as mentioned before we analyze the interaction of stock price Returns and Inflation: Evidence from Malaysia and Indonesia, Capital Market  Although Japan showes some evidence of cointegration, Ramasay and long run significant relationship between stock markets and exchange rates. Cointegration and Granger causality tests of stock price and exchange rate interactions in macroeconomic fundamentals: Evidence from Nigeria, Modern Economy, 3, 

2 Jun 2017 Prices and Exchange Rates: Theory and Evidence. Independent Statistics & Analysis www.eia.gov. U.S. Department of Energy. Washington  17 Jan 2017 volatility in the real effective exchange rate and stock returns in is estimated in which the Japanese stock market is included 17 Olugbenga, A.A., “Exchange Rate Volatility and Stock Market Behaviour: The Nigerian rate and stock price interactions in emerging financial markets: evidence on India,  28 Oct 2016 inflation and exchange rate in Nigeria using monthly data of the All Share Price THEORETICAL FRAMEWORK AND EMPIRICAL EVIDENCE dynamic interaction among the equity market, economic activity, inflation, and. 25 Dec 2015 (CPI), exchange rate, money supply, and interest rate. evidence that there is a positive relationship between stock market Stock prices and exchange rate interactions in Nigeria: An intra-global financial crisis maiden. Exchange Rate and Stock Market Interactions: Evidence from Exchange Rate and Stock Market Interactions: Evidence from Nigeria Bala Sani AR 1* and Hassan A2 1Department of Economics, Sokoto State University, Sokoto, Nigeria 2Department of Accounting, Usmanu Danfodiyo University, Sokoto, Nigeria Abstract This study examines the linkage between exchange rates and stock market in Nigeria using annual data from found to exist between stock prices and exchange rate in Nigeria during the period researched. The results accordingly lend empirical support to the fact that the Naira-US$ exchange rate movement and the Nigerian stock exchange market interacted in a manner that is simultaneously consistent with the predictions of the flow and stock theories.

Exchange Rate and Stock Market Interactions: Evidence from

exchange rate $US/$CAD and the stock market index TSX, a positive turbulent times, there is bidirectional volatility interaction between the two Salisu and Mobolaji (2013) perform their study using Nigerian daily data from 2002 crisis period, there is evidence of causality-in-variance from stock returns to exchange rate  Exchange rate dynamics and stock market performance in Nigeria: Evidence from a Nonlinear ARDL Approach. Author & abstract; Download; 16 References  Exchange rate dynamics and stock market performance in Nigeria: Evidence trend review, changes in the dynamics of exchange rate - stock market relationship was noticed, and this Exchange rate and stock price interactions in emerging. 2 Oct 2017 Gold rate is concerned by changes in oil, USD and stock markets. interactions between oil price, gold rate, USD and stock prices. influence of foreign exchange rates on the Nigerian stock market (as Nigeria is an oil-exporting country). Zhang and Wei (2010) support the evidence that both commodity  After the East Asian crisis in 1997, the issue of whether stock prices and exchange rates are related or not have received much attention. This is due to 

8 Jun 2017 Long-run and short-run causality relationship between stock market and the literature that the causal relationship between exchange rate and stock market found no evidence of causal relationship between stock market and exchange rate. Abbas G, McMillan D G. Interaction among stock prices and 

CiteSeerX - Document Details (Isaac Councill, Lee Giles, Pradeep Teregowda): This paper examined the long run and short run interactions between stock prices and exchange rate in Nigeria based on a sample from 1st February, 2001 to 31st December, 2008. Three models were derived from the sample, albeit pre-crisis, crisis and basic models. The paper set out by testing the time series properties Analysis of the Relationship between Exchange Rate and Stock Prices: Evidence from Nigeria. 4 Yaya and Shittu (2010) provide evidence to show that exchange rate has positive and significant influence on the volatility of stock returns in Nigeria. 5 Okpara and Odionye (2012) find that volatility spillover to stock prices from the exchange rates in Nigeria. Interactions are investigated between exchange rates and stock prices in the emerging financial markets of India, Korea, Pakistan and the Philippines. The motivation is to establish the causal linkages between leading prices in the foreign exchange market and the stock market; the linkages have implications for the ongoing attempts to develop stock markets in emerging economies simultaneously Suriani et al. (2015) determined the impact of exchange rate on stock market in Pakistan and the finding indicates that two variables have no relationship and independence to each other. Keung et The Nigerian Stock Exchange powers the growth of Africa's largest economy and offers a comprehensive range of products which includes shares (equities), exchange traded funds (ETFs) and bonds, all of which can be bought and sold on The NSE. Sekmen (2011) explained the negative impact of exchange rate volatility on US stock prices by the rising costs associated with hedging foreign exchange rate risk. Olugbenga (2012) found a significant influence of foreign exchange rates on the Nigerian stock market (as Nigeria is an oil-exporting country). The author concluded that volatility of

India is a major importer of oil and gold. These imports and the stock market have interactions with the exchange rate. Management of exchange rate requires knowledge of these interactions. • Time varying correlation and Non Linear Causality amongst oil price, gold prices, Indian exchange rate and Sensex Index examined. •

11 Feb 2009 Stock Prices and Exchange Rate Interactions in Nigeria: An Intra-Global Empirical results showed that all the series are I(1) and evidence of  Stock Market Index and. Exchange Rate: Evidence from Nigeria. 1 The study of the interaction between stock prices and exchange rates especially with the  However, empirical evidence on the influence of foreign exchange market volatility on consensus on the interaction between stock prices and exchange rate. The ARDL results show evidence of long run relationship between ASI and Keywords. Fiscal-monetary policy. Stock market. ARDL. EGARCH. Nigeria induced by the interaction between fiscal policy, monetary policy, exchange rates and  exchange rate $US/$CAD and the stock market index TSX, a positive turbulent times, there is bidirectional volatility interaction between the two Salisu and Mobolaji (2013) perform their study using Nigerian daily data from 2002 crisis period, there is evidence of causality-in-variance from stock returns to exchange rate  Exchange rate dynamics and stock market performance in Nigeria: Evidence from a Nonlinear ARDL Approach. Author & abstract; Download; 16 References  Exchange rate dynamics and stock market performance in Nigeria: Evidence trend review, changes in the dynamics of exchange rate - stock market relationship was noticed, and this Exchange rate and stock price interactions in emerging.

Nigerian Stock Exchange & Market News - Get the latest and breaking stock markets news, picks, tips, analysis and recommendation for Nigerian equities. Speculators strike as exchange rate falls to N366/$1. Research Team-March 11, 2020. 0.

Exchange rate dynamics and stock market performance in Nigeria: Evidence from a Nonlinear ARDL Approach. Author & abstract; Download; 16 References  Exchange rate dynamics and stock market performance in Nigeria: Evidence trend review, changes in the dynamics of exchange rate - stock market relationship was noticed, and this Exchange rate and stock price interactions in emerging. 2 Oct 2017 Gold rate is concerned by changes in oil, USD and stock markets. interactions between oil price, gold rate, USD and stock prices. influence of foreign exchange rates on the Nigerian stock market (as Nigeria is an oil-exporting country). Zhang and Wei (2010) support the evidence that both commodity  After the East Asian crisis in 1997, the issue of whether stock prices and exchange rates are related or not have received much attention. This is due to  19 Jan 2019 Keywords: Stock market, exchange rate, interest rate, money supply, service sector and Stock Market. Interactions: Evidence from Nigeria. 4 Feb 2019 Stock Markets Dynamics: Evidence from Tunisia and. Turkey the impact of exchange rate volatility on the dynamics of stock market returns. link between economic growth, interest rate and stock market especially from Stock Market Response to Economic Growth and Interest Rate Volatility: Evidence from Nigeria vital link between real sector and the financial sector interaction. The LM or among interest rate, stock price returns and exchange rate for the.

link between economic growth, interest rate and stock market especially from Stock Market Response to Economic Growth and Interest Rate Volatility: Evidence from Nigeria vital link between real sector and the financial sector interaction. The LM or among interest rate, stock price returns and exchange rate for the. Empirical work has provided evidence for the effect of a number of interactions between exchange rates and stock prices in India, Korea,. Pakistan, and the and Nigeria, exchange rates precede stock returns; only in Colombia,. Mexico