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Cogent Business & Management Volume 5, 2018 - Issue 1
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Research Article

Co-movement of stock exchange indices and exchange rates in Ghana: A wavelet coherence analysis

Peterson Owusu JuniorGraduate School of Business Administration, University of the Witwatersrand, Johannesburg, South AfricaCorrespondence[email protected]
ORCID Iconhttps://orcid.org/0000-0001-6253-5770View further author information
ORCID Icon,
Baidoo Kwaku BoafoAsset Management, Databank Asset Management Services Ltd, Accra, GhanaView further author information
,
Bright Kwesi AwuyeResearch & Trade Education, World Trade Centre Accra, Accra, GhanaView further author information
,
Kwame BonsuApplied Mathematics & Statistics, Sunyani Technical University, Sunyani, Ghana;Investment, PMB, Sunyani, GhanaView further author information
&
Henry Obeng-TawiahMorgans Investors Service, Cantonments, Accra, GhanaView further author information
|
David McMillanUniversity of Stirling, United KingdomView further author information
(Reviewing editor)
Article: 1481559 | Received 25 Jan 2018, Accepted 23 May 2018, Published online: 07 Jun 2018

Citations (18)

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Read on this site (3)

Collins Baffour Kyei, Emmanuel Asafo-Adjei, Peterson Owusu Junior, Anokye Mohammed Adam, Anthony Adu-Asare Idun & Justice K.G Agyenim Boateng. (2023) Nexus between commodities and banking sector financial soundness: The role of general macroeconomic setting in Ghana. Cogent Economics & Finance 11:1.
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Samuel Kwaku Agyei, Anokye Mohammed Adam, Ahmed Bossman, Oliver Asiamah, Peterson Owusu Junior, Roberta Asafo-Adjei & Emmanuel Asafo-Adjei. (2022) Does volatility in cryptocurrencies drive the interconnectedness between the cryptocurrencies market? Insights from wavelets. Cogent Economics & Finance 10:1.
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Emmanuel Asafo-Adjei, Anokye M. Adam & Patrick Darkwa. (2021) Can crude oil price returns drive stock returns of oil producing countries in Africa? Evidence from bivariate and multiple wavelet. Macroeconomics and Finance in Emerging Market Economies 0:0, pages 1-19.
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Articles from other publishers (15)

Charles Raoul Tchuinkam Djemo & Joel Hinaunye Eita. (2023) Modelling foreign exchange rate co-movement and its spatial dependence in emerging markets: a spatial econometrics approach. Empirical Economics.
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Joseph Agyapong, Eric Ayamga & Suleman Ibrahim Anyars. (2023) Out-of-Sample Exchange rate Forecasting in Ghana using Bayesian Model Averaging. SSRN Electronic Journal.
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Anthony Adu-Asare Idun, Emmanuel Asafo-Adjei, Anokye Mohammed Adam & Zangina Isshaq. (2022) Dynamic Connectedness between Indicators of the Ghana Stock Exchange Returns and Macroeconomic Fundamentals. Risks 10:11, pages 215.
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Zulaiha Hamidu, Priscilla B. Oppong, Emmanuel Asafo-Adjei & Anokye Mohammed Adam. (2022) On the Agricultural Commodities Supply Chain Resilience to Disruption: Insights from Financial Analysis. Mathematical Problems in Engineering 2022, pages 1-12.
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Abigail Naa Korkor Adjei, George Tweneboah & Peterson Owusu Junior. (2022) Interdependence of economic policy uncertainty and business cycles in selected emerging market economies. Journal of Financial Economic Policy 14:5, pages 601-632.
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Samuel Kwaku Agyei, Ahmed Bossman, Emmanuel Asafo−Adjei, Oliver Asiamah, Vincent Adela & Cornelius Adorm−Takyi. (2022) Exchange Rate, COVID-19, and Stock Returns in Africa: Insights from Time-Frequency Domain. Discrete Dynamics in Nature and Society 2022, pages 1-20.
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Siaw Frimpong. (2022) On the Macroeconomic Conditions of West African Economies to External Uncertainty Shocks. Risks 10:7, pages 138.
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Ahmed Bossman, Anokye Mohammed Adam, Peterson Owusu Junior & Samuel Kwaku Agyei. (2022) Assessing interdependence and contagion effects on the bond yield and stock returns nexus in Sub-Saharan Africa: Evidence from wavelet analysis. Scientific African 16, pages e01232.
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Godfred Amewu, Peterson Owusu Junior & Elvis Aaron Amenyitor. (2022) Co-movement between equity index and exchange rate: Fresh evidence from COVID-19 era. Scientific African 16, pages e01146.
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Samuel Kwaku Agyei, Peterson Owusu Junior, Ahmed Bossman & Emmanuel Yaw Arhin. (2022) Situated Information Flow between Food Commodity and Regional Equity Markets: An EEMD-Based Transfer Entropy Analysis. Discrete Dynamics in Nature and Society 2022, pages 1-28.
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Zynobia Barson, Peterson Owusu Junior, Anokye M. Adam & Emmanuel Asafo-Adjei. (2022) Connectedness between Gold and Cryptocurrencies in COVID-19 Pandemic: A Frequency-Dependent Asymmetric and Causality Analysis. Complexity 2022, pages 1-17.
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Ebenezer Boateng, Emmanuel Asafo-Adjei, Alex Addison, Serebour Quaicoe, Mawusi Ayisat Yusuf, Mac Junior Abeka & Anokye M. Adam. (2022) Interconnectedness among commodities, the real sector of Ghana and external shocks. Resources Policy 75, pages 102511.
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Shahrokh Firouzi & Xiangning Wang. (2021) The interrelationship between order flow, exchange rate, and the role of American economic news. The North American Journal of Economics and Finance 58, pages 101492.
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Peterson Owusu Junior, Anokye M. Adam, Emmanuel Asafo-Adjei, Ebenezer Boateng, Zulaiha Hamidu & Eric Awotwe. (2021) Time-frequency domain analysis of investor fear and expectations in stock markets of BRIC economies. Heliyon 7:10, pages e08211.
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María del Carmen Valls Martínez & Pedro Antonio Martín Cervantes. (2021) Testing the Resilience of CSR Stocks during the COVID-19 Crisis: A Transcontinental Analysis. Mathematics 9:5, pages 514.
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