Exchange Rate, Gold Price, and Stock Market Nexus: A Quantile Regression Approach

Exchange Rate, Gold Price, and Stock Market Nexus: A Quantile Regression Approach

In this study, we examine an empirical relationship between stock market volatility with the exchange rate and gold prices of an emerging market, “Pakistan”, employing daily and monthly data (PSX-100 Index) covering from 2001: Q3 to 2018: Q2. The study explains the average stock returns by applying...

Full description

Bibliographic Details
Main Authors: Rizwan Ali, Inayat Ullah Mangla, Ramiz Ur Rehman, Wuzhao Xue, Muhammad Akram Naseem, Muhammad Ishfaq Ahmad
Format: Article
Language:English
Published: MDPI AG 2020-08-01
Series:Risks
Subjects:
exchange rate
gold price
PSX
quantile regression
Online Access:https://www.mdpi.com/2227-9091/8/3/86

Similar Items

Similar Items