Arestis P,Demetriades P O,Luintel K B.Financial development and economic growth:The role of stock markets[J].Journal of Money,Credit and Banking,2001,33(1):16-41.
[19]
Athukorala P C,Rajapatirana S.Capital inflows and the real exchange rate:A comparative study of Asia and Latin America[J].World Economy,2003,26(4):613-637.
[20]
Beck T.Financial development and international trade:Is there a link?[J].Journal of International Economics,2002,57(1):107-131.
[21]
Beck T.Financial dependence and international trade[J].Review of International Economics,2003,11(2):296-316.
[22]
Brown R L,Durbin J,Evans J M.Techniques for testing the constancy of regression relationships over time[J].Journal of the Royal Statistical Society,Series B(Methodological),1975,37(2):149-192.
[23]
Christopoulos D K,Tsionas E G.Financial development and economic growth:Evidence from panel unit root and cointegration tests[J].Journal of development Economics,2004,73(1):55-74.
[24]
Cho S.Evidence of a stock market wealth effect using household level data[J].Economic Letters,2006,90(3):402-406.
[25]
Combes J-L,Tidiane K,Patrick P.Capital flows,exchange rate flexibility,and the real exchange rate[R].IMF Working Paper WP/11/9,2011.
[26]
Cottani J A,Cavallo D F,Khan M S.Real exchange rate behavior and economic performance in LDCs[J].Economic Development and Cultural Change,1990,39(1):61-76.
[27]
Demir F,Dahi O S.Asymmetric effects of financial development on South-South and South-North trade:Panel data evidence from emerging markets[J].Journal of Development Economics,2011,94(1):139-149.
[28]
Edwards S,Van Wijnbergen S.Tariffs,the real exchange rate and the terms of trade:On two popular propositions in international economics[J].Oxford Economic Papers,1987,39(3):458-464.
[29]
Fujiwara I,Teranishi Y.Real exchange rate dynamic revisited:A case with financial market imperfections[J].Journal of International Money and Finance,2011,30(7):1562-1589.
[30]
Funke N.Is there a stock market wealth effect in emerging markets?[J].Economic Letters,2004,83(3):417-421.
[31]
Guo Q.The Balassa-Samuelson model of purchasing power parity and Chinese exchange rates[J].China Economic Review,2010,21(2):334-345.
[32]
Jongwanich J,Kohpaiboon A.Capital flows and real exchange rates in emerging Asian countries[J].Journal of Asian Economics,2013,24:138-146.
[33]
King R G,Levine R.Finance and growth:Schumpeter might be right[J].Quarterly Journal of Economics,1993,108(3):717-736.
[34]
Kletzer K,Bardhan P.Credit markets and patterns of international trade[J].Journal of Development Economics,1987,27(1-2):57-70.
[35]
Larrain B.Stock market development and cross-country differences in relative prices[J].Review of Economics and Statistics,2010,92(4):784-797.
[36]
Levine R.Financial development and economic growth:Views and agenda[J].Journal of Economic Litera-ture,1997,35(2):688-726.
[37]
Levine R,Loayza N,Beck T.Financial intermediation and growth:Causality and causes[J].Journal of Monetary Economics,2000,46(1):31-77.
Li H,Ma H,Xu Y,et al.How do exchange rate movements affect Chinese exports?A firm-level investigation[R].Working Paper,School of Economics and Management,Tsinghua University,2012.
[40]
Mercereau B.Stock markets and the real exchange rate:An intertemporal approach[J].Journal of International Money and Finance,2006,25(7):1130-1145.
[41]
Peltonen T A,Sousa R M,Vansteenkiste I S.Wealth effects in emerging market economies[J].International Review of Economics and Finance,2012,24(10):155-166.
[42]
Pesaran M H,Shin Y,Smith R J.Bounds testing approaches to the analysis of level relationships[J].Journal of Applied Econometrics,2001,16(3):289-326.
[43]
Phylaktis K,Ravazzolo F.Stock prices and exchange rate dynamics[J].Journal of International Money and Finance,2005,24(7):1031-1053.
[44]
Saint-Paul G.Technological choice,financial markets and economic growth[J].European Economic Review,1992,36(4):763-781.
[45]
Wang J,Wang X.Benefits of foreign ownership:Evidence from foreign direct investment in China[R].Working Paper No.191,Globalization and Monetary Policy Institute,Federal Reserve Bank of Dallas,2014.
[46]
Zhao H.Dynamic relationship between exchange rate and stock price:Evidence from China[J].Research in International Business and Finance,2010,24(2):103-112.
