Stock market performance and foreign exchange market in Egypt: does 25th January revolution matter?

What is it about?

This study examines the behaviour of stock and foreign exchange markets before and after the January 25th revolution in Egypt. It finds a significant causal relationship between the foreign exchange market and stock market indexes and capitalisation in the pre January 25th revolution period. However, the study does not find a significant causal relationship between the two markets in the post January 25th revolution period.

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