Exchange Rate, Exchange Rate Volatility and Stock Prices: an Analysis of the Symmetric and Asymmetric Effect Using ARDL and NARDL Models
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 rate and the Indonesian composite stock price index from January 2006 to July 2019. The data were analyzed using ARDL...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
University of Wollongong
2021-08-01
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| Series: | Australasian Accounting, Business and Finance Journal |
| Subjects: | |
| Online Access: | https://ro.uow.edu.au/aabfj/vol15/iss4/11/ |