scholarly journals Revisiting the Martingale Hypothesis for Exchange Rates

2004 ◽  
Author(s):  
Young-Sook Lee ◽  
Tae-Hwan Kim ◽  
Paul Newbold
Keyword(s):  
Exchange Rates ◽  
Martingale Hypothesis

scholarly journals Joint Variance-Ratio Tests of the Martingale Hypothesis for Exchange Rates

1997 ◽  
Vol 15 (1) ◽  
pp. 51 ◽  
Author(s):  
Wai Mun Fong ◽  
Seng Kee Koh ◽  
Sam Ouliaris
Keyword(s):  
Exchange Rates ◽  
Variance Ratio ◽  
Martingale Hypothesis

Spectral tests of the martingale hypothesis for exchange rates

1995 ◽  
Vol 10 (3) ◽  
pp. 255-271 ◽  
Author(s):  
Wai Mun Fong ◽  
Sam Ouliaris
Keyword(s):  
Exchange Rates ◽  
Martingale Hypothesis

Fear of Free Floating or Forced Exchange Rate Fixing

2004 ◽  
pp. 112-122
Author(s):  
O. Osipova
Keyword(s):  
Exchange Rate ◽  
Financial Crisis ◽  
Exchange Rates ◽  
Inflation Targeting ◽  
Exchange Rate Policy ◽  
Float Exchange Rate ◽  
Floating Exchange Rate ◽  
Rate Policy ◽  
Exchange Rate Arrangements ◽  
Pass Through

After the financial crisis at the end of the 1990 s many countries rejected fixed exchange rate policy. However actually they failed to proceed to announced "independent float" exchange rate arrangement. This might be due to the "fear of floating" or an irreversible result of inflation targeting central bank policy. In the article advantages and drawbacks of fixed and floating exchange rate arrangements are systematized. Features of new returning to exchange rates stabilization and possible risks of such policy for Russia are considered. Special attention is paid to the issue of choice of a "target" currency composite which can minimize external inflation pass-through.

An Empirical Investigation of Factors Affecting Stock Prices in Vietnam

2014 ◽  
pp. 74-89 ◽  
Author(s):  
Vinh Vo Xuan
Keyword(s):  
Exchange Rates ◽  
Crude Oil ◽  
Foreign Exchange ◽  
Stock Prices ◽  
Global Financial Crisis ◽  
Oil Prices ◽  
Foreign Exchange Rates ◽  
Factors Affecting ◽  
Crude Oil Prices ◽  
Before And After

This paper investigates factors affecting Vietnam’s stock prices including US stock prices, foreign exchange rates, gold prices and crude oil prices. Using the daily data from 2005 to 2012, the results indicate that Vietnam’s stock prices are influenced by crude oil prices. In addition, Vietnam’s stock prices are also affected significantly by US stock prices, and foreign exchange rates over the period before the 2008 Global Financial Crisis. There is evidence that Vietnam’s stock prices are highly correlated with US stock prices, foreign exchange rates and gold prices for the same period. Furthermore, Vietnam’s stock prices were cointegrated with US stock prices both before and after the crisis, and with foreign exchange rates, gold prices and crude oil prices only during and after the crisis.

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