Der deutsche Aktienmarkt, der Dollar und der Aussenhandel: Eine ökonometrische Analyse

摘要: This article focuses on the relationship between Dollar and German stock market. Since there is only weak significance of a stable bivariate long-run relationship, relevant information sets are limited to shorter periods. Using rolling regressions, results show that direction magnitude depend Germany´s export import shares in robut cointegrated way. Moreover, seems be more sensitive foreign trade after 1991.