Causalities Between Stock and Foreign Exchange Markets: Evidance from Selected EU-Memeber Countries

• Autorzy: Daniel Stavarek
• Języki publikacji: EN

Abstrakty

EN

Mutual relations between foreign exchange markets and stock markets have attracted much attention of researchers and academics since the beginning of 1990s. The last quarter of a century has witnessed significant changes in the international financial system such as emergence of new capital markets, gradual abolishment of capital inflows barriers and foreign exchange restrictions, or adoption of more flexible exchange rate arrangements in emerging and transition countries. All mentioned features have broadened the variety of investment opportunities but, on the other hand, they have also increased volatility of exchange rates and added a substantial portion of risk to the overall investment decision and portfolio diversification process. Studying of interaction between foreign exchange and stock markets has became thereby more complex and has received more research interest than before. (fragment of text)

Słowa kluczowe

EN

Economic integration with the EU countries; Finance; Stock market; Foreign exchange; Foreign Exchange (FX)

PL

Integracja gospodarcza państw z UE; Finanse; Giełda papierów wartościowych; Obrót dewizowy; Rynek walutowy

• Czasopismo: Prace Naukowe / Akademia Ekonomiczna w Katowicach
• Rocznik: 2004
• Tom: Finanse w dobie integracji europejskiej
• Strony: 233--243

Twórcy

autor

Daniel Stavarek

• Silesian University in Opava