IDEAS home Printed from https://ideas.repec.org/a/ddj/fseeai/y2011i2p61-66.html
   My bibliography  Save this article

Interactions between the Exchange Rates and the Differential of the Stock Returns between Romania and US during the Global Crisis

Author

Listed:
  • Razvan STEFANESCU

    () (Dunarea de Jos University of Galati, Romania)

  • Ramona DUMITRIU

    () (Dunarea de Jos University of Galati, Romania)

Abstract

The relation between the foreign exchange markets and the stock markets is still a controversial subject in the specialized literature. Recent studies revealed the changes that occur in this relation during the financial crisis. In this paper we approach the interactions between the exchange rates and the differentials of the stock returns between Romania and the US in the period of the global crisis. We find some significant differences in this relations during the main stages of the crisis.

Suggested Citation

  • Razvan STEFANESCU & Ramona DUMITRIU, 2011. "Interactions between the Exchange Rates and the Differential of the Stock Returns between Romania and US during the Global Crisis," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 2, pages 61-66.
  • Handle: RePEc:ddj:fseeai:y:2011:i:2:p:61-66
    as

    Download full text from publisher

    File URL: http://www.ann.ugal.ro/eco/Doc2011_2/StefanescuDumitriu.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Wasserfallen, Walter, 1990. "Expected and unexpected changes in nominal and real variables--evidence from the capital markets," Journal of International Money and Finance, Elsevier, vol. 9(1), pages 92-107, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Stefanescu, Razvan & Dumitriu, Ramona, 2013. "Impact of the foreign exchange rates fluctuations on returns and volatility of the Bucharest Stock Exchange," MPRA Paper 47229, University Library of Munich, Germany, revised 04 Apr 2013.

    More about this item

    Keywords

    Differentials of the Stock Returns; Exchange Rates; Global Crisis; Cointegration; Granger Causality;

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • G01 - Financial Economics - - General - - - Financial Crises
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ddj:fseeai:y:2011:i:2:p:61-66. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Gianina Mihai). General contact details of provider: http://edirc.repec.org/data/fegalro.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.