Exchange rate and equity prices relationship: an empirical evidence from Pakistani financial markets
Khalid Mustafa and Mohammed Nishat
Savings and Development Vol. 32(2008), No. 2, pp. 127-149
The relationship between stock prices and exchange rate in Pakistan has been examined by using monthly data from July 1981 to June 2004. The cointegration and error-correction model and Granger trivariate causality techniques are used to test the [...]