Stock Prices and Exchange Rates in the EU and the USA: Evidence of their Mutual Interactions” Silesian University, School of Business Administration Online at http://mpra.ub.uni-muenchen.de/7297/ MPRA Paper No. 7297, posted 22

Mutual relations between foreign exchange markets and stock markets have attracted much attention of researchers and academics since the be-ginning of 1990s. The last quarter of the century has witnessed significant changes in the international financial system such as the emergence of ne