Stock price index and exchange rate nexus in African markets

• Main Authors: Raji, Jimoh Olajide, Ibrahim, Yusnidah, Ahmad, Siti Aznor
• Format: Article
• Published: Taylor & Francis 2017
• Subjects: HB Economic Theory
• Online Access: http://repo.uum.edu.my/27375/; http://doi.org/10.1080/10168737.2016.1245354
• Institution: Universiti Utara Malaysia

This paper examines the relationship between stock price index and exchange rate in six African markets using monthly data for the period January 2007 to October 2015. A quantile regression approach is used. This methodology is shown to perform better than the ordinary least squares estimators, part...