Exchange rate Fluctuation

This paper examines the role of Exchange Rate Uncertainty (ERU) in driving economic fluctuations in emerging economies using a VAR with stochastic volatility in the mean. We use the quarterly data of three typical emerging economies from 1972Q3 to 2009Q4 within a VAR model.

16p viohoyo 25-04-2024 2 1   Download

Ebook "The quarters theory: The revolutionary new foreign currencies trading method" provides currency traders with a step-by-step guide to the unique premise of the Quarters Theory and offers many real-life market examples, variations, and innovative Forex trading strategies. Ilian Yotov, a long-time Forex strategist, delivers a reliable new compass to help you navigate the complexities of daily fluctuations in the prices of currencies.

227p loivantrinh 29-10-2023 9 3   Download

Continued part 1, part 2 of ebook "International financial management (Abridged 10th edition)" provides readers with content including: exchange rate risk management; forecasting exchange rates; measuring exposure to exchange rate fluctuations; managing transaction exposure; managing economic exposure and translation exposure; long-term asset and liability management; direct foreign investment; multinational capital budgeting; international corporate governance and control; country risk analysis;...

296p dieptieuung 19-07-2023 9 4   Download

Lecture Financial Accounting (15/e) - Chapter 15: Global business and accounting. In this chapter, students will be able to understand: Define four mechanisms companies use to globalize their business activities, explain why there is demand for harmonization of global financial reporting standards, demonstrate how to convert an amount of money from one currency to another, compute gains or losses on receivables or payables that are stated in a foreign currency when exchange rates fluctuate,...

17p runordie9 27-09-2022 9 2   Download

Lecture Macroeconomics - Chapter 4.1: Aggregate Supply and Aggregate Demand present the content short-run economic fluctuations, model of AS-AD, the wealth effect, the interest-rate effect, the exchange-rate effect,...

32p xusong 12-07-2021 28 2   Download

Lecture Macroeconomics - Chapter 4.2: Monetary and fiscal policy. After studying this chapter you will be able to understand: monetary and Fiscal policy are used to offset shifts in AD which cause short-run fluctuations in output and employment.

32p xusong 12-07-2021 15 1   Download

In this chapter we will discuss: How foreign exchange rates are determined; what accounts for their fluctuations over days, months, years, and decade, and the connection of foreign exchange rates and exchange markets.

47p tradaviahe15 23-02-2021 16 2   Download

Lecture 10 - Measuring exposure to exchange rate fluctuations. After completing this chapter, students will be able to: To discuss the relevance of an MNC’s exposure to exchange rate risk; to explain how transaction exposure can be measured; to explain how economic exposure can be measured; and to explain how translation exposure can be measured.

28p koxih_kothogmih2 20-08-2020 17 0   Download

The study investigated stock market reactions to oil price fluctuations in Nigeria. A longitudinal design consisting of data on the Nigerian Stock market index, crude oil prices, exchange rate, interest rate, inflation rate and GDP for the period 1984-2019 was employed. The data were subjected to stationarity and cointegration tests using ADF and Johansen’s techniques. Based on the results of the stationarity and cointegration tests, Vector error correction model was used to analyse the research data.

8p kethamoi7 15-08-2020 26 2   Download

The aim of the study is to find the empirical analyses of the impact of oil price fluctuation on the monetary instrument in Nigeria, by looking at their relationships. Specifically, we analyzed the role of Exchange rate, Inflation, Interest rate and how they respond to shocks in oil price. We explored the frequently used Toda–Yamamoto model (TY), by adopting the TY modified Wald (MWALD) test approach to causality, forecast error variance decomposition (FEVD) and impulse response functions (IRFs).

8p kethamoi7 15-08-2020 28 2   Download

Unlike existing literature that has focused on the relationship between exchange rate and housing price, this paper studies the housing price fluctuations from the perspective of RMB exchange rate expectation to resolve the dilemma “guarantee housing price or exchange rate” after the sub-prime mortgage crisis. This paper shows that housing prices responded negatively to RMB appreciation expectation from 1999 to 2008, and positively from 2009 to 2019. After 2009, exchange rate expectation is the Granger causality of housing prices. After introducing the U.S.

23p nguyenanhtuan_qb 09-07-2020 27 1   Download

Chapter 1 - An overview. After reading the material in this chapter, you should be able: To identify factors that have led to the prominence of international finance, to explain the role of the financial manager, to verify the internationalisation of finance, to identify the developments leading to the formation of the present financial environment, to examine the causes and consequences of the global financial crisis.

43p nanhankhuoctai1 29-05-2020 32 1   Download

Corporations must cope with fluctuations in interest rates, commodity prices, and exchange rates. This chapter discusses how they do it, with particular attention paid to financial instruments such as futures contracts, options, and swap agreements.

39p nanhankhuoctai3 25-05-2020 16 3   Download

The key finding of the research is that from the impulse response results, the transmission of exchange rate shocks to inflation is significant in Vietnam, and this is incomplete exchange rate pass-through. Moreover, the evidence from variance decompositions argues that exchange rate is an important factor to explain the fluctuation of inflation.

12p caygaocaolon5 19-05-2020 12 1   Download

Corporations must cope with fluctuations in interest rates, commodity prices, and exchange rates. This chapter discusses how they do it, with particular attention paid to financial instruments such as futures contracts, options, and swap agreements.

20p thuongdanguyetan03 18-04-2020 16 2   Download

The paper intends to measure the daily Value-at-Risk (VaR) for Rial-Euro exchange rate fluctuations risk. Since in this case we deal with a single risk factor, so we will not use the Monte Carlo simulation method to measure the VaR and we will only use the parametric and historical simulation methods for this purpose. The parametric method using the normal distribution and historical simulation with exponentially weighted data and without weighting is used to calculate VaR.

15p nguyenminhlong19 21-04-2020 13 1   Download

This study investigates (i) the impact of first- and second-moment exchange rate exposure on individual firm value and the stock return volatility underlying exchange rate fluctuation, (ii) the time-varying exchange rate exposure following the 1997 Asian financial turmoil and the global financial crisis which started in 2007. We find a high percentage of exposed firms before the two crises but if this percentage decreases dramatically after, the exposure level is much larger. The two crises affect also the asymmetric profile of the firms and volatilities.

23p covid19 19-04-2020 20 2   Download

Pundits in the international finance have long puzzled over the lack of an empirical relationship between exchange rates and fundamentals and theoretical exchange rate models are difficult to verify using actual data related to fundamentals. This may be related to the length of the sample period or the choice of bilateral/multilateral exchange rates. This study utilized monthly data to increase the number of samples and construct the multilateral exchange rate models.

11p 035522894 13-04-2020 43 1   Download

The study objective is the examination of the impact of USD / CNY exchange rate on macroeconomic factors by evaluating the specific effects of the USD / CNY exchange on economic growth, inflation and currency in Vietnam. Based on the results, the study will propose some recommendations in the exchange rate policy management in order to mitigate the negative effects of exchange rate fluctuations, then contribute to Vietnamese economic objectives.

33p slimzslimz 23-12-2019 50 9   Download

Price fluctuation is not only an important issue to economic research but also to corporate managers, especially in agri-business industry. This research applied time series data analysis with linear models to identify and measure the impact of some factors such as exchange rate and gasoline price on the price of Vietnam's coffee exports in the period 2008-2014.

8p vithomasedison2711 14-08-2019 28 0   Download