This article examined the symmetric and asymmetric effects of the IDR/USD exchange rate
and its volatility on stock prices using the monthly time series data of the IDR/USD exchange …

Several studies in the finance literature have investigated the impact of macroeconomic
variables on stock returns by assuming symmetric adjustments between variables. Our study …

Financial markets are an important mechanism for allocating funds to the economy. Traders
in finance markets use different strategies to increase their probability of success, and …

The paper investigates the interrelationship between the stock market and the crude oil price
for the Nordic countries (Denmark, Finland, Iceland, Norway, and Sweden) and two other …

This study aims to examine causality relation among export, import and rate of exchange of
USD/IDR. Export, import and rate of exchange of USD/IDR data were time series data of …

The purpose of this paper is to make a quantitative and qualitative critical analyse regarding
the three important aspects of stock market evolution. First, the forecasting problems are …

The growing support of the adaptive market hypothesis (AMH) suggests that the effect of
macroeconomic variables on stock returns may be revisited to investigate whether it …

The exchange rate, as a fundamental variable, alongside other economic variables, has a
significant impact on stock returns. Therefore, this study has investigated the effects of the …

The equity market is seen as one of the key determinants of the fraternity of finance, as it
unites investors with ambitions to invest in marketable instruments to earn a return on their …

The dynamic linkage between exchange rate and stock prices has attracted considerable
attention from researchers worldwide over the decades but with controversial results. As a …