Bilateral exchange rate of the dollar and stock returns

Authors: Bahram Adrangi and Farrokh Ghazanfari
Date: June 1996
From: Atlantic Economic Journal(Vol. 24, Issue 2)
Publisher: Springer
Document Type: Article
Length: 492 words
Abstract :

A bilateral exchange rate model is used to evaluate the causal relationship between the US dollar's exchange value and a stock's local and foreign returns. The flexible exchange rate period for Jan. 1978-Jun. 1991 is considered for US bilateral markets with Germany and Japan. After applying Granger causality tests, it was shown that exchange value variations of the dollar did not affect stock returns. However, causal relationships were observed for the dollar and German mark.
Source Citation
Adrangi, Bahram, and Farrokh Ghazanfari. "Bilateral exchange rate of the dollar and stock returns." Atlantic Economic Journal, vol. 24, no. 2, June 1996, p. 179. link.gale.com/apps/doc/A18669954/AONE?u=gale&sid=bookmark-AONE. Accessed 5 June 2026.
  

Gale Document Number: GALE|A18669954