The effects of currency depreciation on stock returns: evidence from five East Asian economies

WenShwo Fang

Applied Economics Letters, 2002, vol. 9, issue 3, 195-199

Abstract: By using stock daily data for Thailand and the four Asian Tigers, this paper provides clear evidence that currency depreciation affects adversely stock returns and/or increases market volatility over the period of the Asian crisis 1997-1999. The implication is that international investors and fund managers who plan to invest in the East Asian newly emerging stock markets have to evaluate the stability of the foreign exchange markets before taking action.

Date: 2002
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (21)

Downloads: (external link)
http://www.informaworld.com/openurl?genre=article& ... 40C6AD35DC6213A474B5 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:9:y:2002:i:3:p:195-199

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20

DOI: 10.1080/13504850110054931

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().