Chi, Jing and Tripe, David and Young, Martin (2010) Do Exchange Rates Affect the Stock Performance of Australian Banks? International Journal of Banking and Finance (IIJBF), 7 (1). pp. 35-50. ISSN 1675-7227

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Abstract

It is expected that banks with significant foreign business should be impacted by relative changes in the currency values of the foreign countries where they do business. Using data from January 1997 to March 2007, this study explored this relationship for the four major Australian banks.Contrary to expectations, no significant relationships between Australian bank stock returns and foreign exchange rates were found, raising questions as to the efficiency of stock markets in recognising banks’ foreign exchange exposures arising from their offshore assets and business.

Item Type:	Article
Uncontrolled Keywords:	Exchange rates, Offshore assets, Stock returns, Australia, Bank international expansion.
Subjects:	H Social Sciences > HG Finance
Divisions:	School of Economics, Finance & Banking
Depositing User:	Mrs. Norazmilah Yaakub
Date Deposited:	25 Oct 2018 02:24
Last Modified:	25 Oct 2018 02:24
URI:	https://repo.uum.edu.my/id/eprint/25059

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