Paper Title
Linkage Between Foreign Exchange Market and Stock Market In Hungary: An Empirical Study

Abstract
The paper aims to examine the causal relationship between the stock prices and exchange rates in Hungary. The investigation employs Granger’s Causality test and Vector Auto Regression technique on daily stock return and the foreign exchange rate for the period September 6, 2010 to March 13, 2017. The major findings of the study that there is no Granger’s causality between the exchange rate return and stock return. The study also uses Vector Auto Regression modeling to confirm that though stock return and exchange rate are related to each other but any consistent relationship does not exist between them. Our results have provided beneficial information for investors, government policies and researchers. Key words - Exchange rate, stock price, Granger’s causality, Vector Auto Regression (VAR)