Analysis of Mean Spillover Effect of Equity Returns | Exchange rate yield equation mean spillover effect test | Monetary Market Interest Rate Equations Mean Spillover Effect Test |

The Mean Spillover Effect of Exchange Market to the Stock Market
F = 2.46*** | The Mean Spillover Effect of Stock Market to Foreign Exchange Market F = 0.699 | The Mean Spillover Effect of Stock Market to Money Market
F = 1.74* |

The Mean Spillover Effect of Money Market To Stock Market
F = 4.25*** | The Mean Spillover Effect of Money Market To Exchange Market F = 2.15** | The Mean Spillover Effect of Money Market To Exchange Market
F = 1.85** |