International Evidence On Currency Adjusted Stock Indexes

Journal of Applied Business Research (JABR)

View Publication Info
Field Value
Title International Evidence On Currency Adjusted Stock Indexes
Creator Jalbert, Terrance
Subject Stock Indexes Currency
Wealth Changes
Dow Jones Industrial Average
Description Recent literature examines currency value adjusted indexes. The extant research examines U.S. stock indexes as adjusted for the value of the U.S. dollar and the value of gold. The literature examines only U.S. stock indexes. This paper extends the existing literature by examining currency adjusted stock indexes from eight countries. The analysis includes daily closing data from 1993-2016. The results show that currency adjusted indexes produce significantly different return distributions than original indexes. Further, currency value changes explain as much as 31 percent of total wealth changes, a result substantially higher than previously reported for U.S. currency adjusted indexes. The combined evidence indicates that currency value changes impact total wealth changes more for international indexes than for U.S. indexes.
Publisher Clute Institute
Date 2021-01-01
Type info:eu-repo/semantics/article
Format application/pdf
Source Journal of Applied Business Research (JABR); Vol. 37 No. 1 (2021); 17-32
Language eng

Contact Us

The PKP Index is an initiative of the Public Knowledge Project.

For PKP Publishing Services please use the PKP|PS contact form.

For support with PKP software we encourage users to consult our wiki for documentation and search our support forums.

For any other correspondence feel free to contact us using the PKP contact form.

Find Us


Copyright © 2015-2018 Simon Fraser University Library