Search Results - "floating exchange rate"
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Exchange Rate Regime in Russia, Evaluation and Recommendations
Published 2009“…The study deliberately narrowed the scope of the discussion to two extreme cases, i.e. fixed and floating exchange rate. Today Russia applies managed floating exchange rate arrangement and it is important to determine the direction of the further monetary policy development either towards fixed or floating exchange rate. …”
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The relationship between gold price and exchange rate of Asean currencies (Ringgit Malaysia , Singapore Dollar, Thai Baht) against U.S. Dollar
Published 2011“…After the end of the Bretton Woods System and Gold Standard, the floating exchange rate has been adopted by most of the countries. …”
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3
Nonlinear dynamics of exchange rate returns: A multi-country experience
Published 2011“…This paper examines the presence of nonlinear behavior in exchange rates of 31 countries, majority of which are less liquid in the foreign exchange market and maintain a floating exchange rate system. The results, based on formal test procedures, provide evidence of nonlinear behavior in the residuals from both structural and time series models of exchange rates. …”
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An empirical analysis of Malaysian ringgit equilibrium exchange rate and misalignment
Published 2009“…Following the reinstatement to managed floating exchange rate regime in July 2005, the real effective exchange rate (REER) of Malaysian ringgit (RM) has been fluctuating, albeit, slightly, which raises the question whether the current trend is consistent with the economic fundamentals. …”
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Impact of crude-oil price volatility on economic activities: An empirical investigation in the Thai economy
Published 2008“…A VAR for the post-crisis period shows that the impact of oil price volatility is transmitted to budget deficit.The floating exchange rate regime introduced after the crisis may be the key contributor to this new channel of impact.…”
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Impact of Exchange Rate Volatility on Growth and Economic Performance: A Case Study of Malaysia
Published 2009“…Malaysia has been through several exchange rate regimes during the period, from free floating exchange rate regime in the early 1990s to fixed exchange rate during the Asian Financial Crisis until 2005 and finally managed float exchange rate regime since then until now. …”
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Exchange Rate Regimes and Economic Growth: A study from 1974-2019
Published 2020“…After the comparison, the growth regression is performed which finds out that the intermediate exchange rate regimes perform better than floating exchange rate regimes in non-industrial countries. …”
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Currency Board Versus Central Bank in a Currency Crisis
Published 1998“…The central bank system employs the floating exchange rate which has been unsuccessful in warding off speculations on the currency. …”
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Currency Board Versus Central Bank In A Currency Crisis
Published 1998“…The central bank system employs the floating exchange rate which has been unsuccessful in warding off speculations on the currency. …”
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The impact of budget deficits, exchange rate regimes and economic sanctions on Iran’s inflation / Hamidreza Ghorbani Dastgerdi
Published 2015“…Interestingly, in Iran, the result shows that the fixed exchange iv rate regime is more effective to control inflation rather than the floating exchange rate with inflation targeting. Also, inflation increases with the gap between the official and the market (black) exchange rates.…”
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Essays on macroeconomic policy and inflation in lower-income countries
Published 2018“…Weak institutions, a typical feature in LICs, do help explain this especially when we examine their role under floating exchange rate regimes. Finally, we characterise monetary policy in Ghana, one of the earliest low-income countries to adopt an IT framework, but where IT has not been very successful in reducing the levels and volatility of inflation within a modified Taylor rule. …”
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Macroeconomic determinants of Malaysia-Us Bilateral Trade Balance / Nor Fadhillah Abd Razak
Published 2018“…According to past studies conducted by numerous researchers across years, they assessed that the trade balance between two countries exist and have significant relationship with fluctuation of floating exchange rate. TheE are also have been proved that other economic indicators such as gross domestic product (GDP), income, inflation, foreign direct investment and relative prices contributed to the change in country international trade. …”
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13
Derivatives Usage, Operational Hedge and Exchange Rate Regime: Evidence from Chinese Firms
Published 2010“…The study observes that neither more Chinese firms use foreign currency derivatives, nor a matching took place after the introduction of a managed floating exchange rate regime. Further investigation has been made by comparing the differences of firm-level characteristics between hedgers and non-hedgers. …”
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The Impact of Foreign Exchange Rate Risk on China’s Commercial Banks
Published 2009“…However, a new exchange rate system (the dual exchange rate regime) has been implemented since July 2005，which can be used to manage floating exchange rate in the dynamic marketplace. In reality, China's commercial banks did not pay close attention to exchange rate risk in the past few years, so that the awareness of risk management is not strong high in banking. …”
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Currency order flow, exchange rate dynamics and market intervention: Empirical evidence from ASEAN-5 foreign exchange markets / Anifowose Abolaji Daniel
Published 2018“…These relatively low R2‘s are due to manage-float exchange rate regime practiced by the sample countries. …”
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16
Purchasing Power Parity in Developing Countries: Evidence from Conventional and Fractional Cointegration Tests
Published 2004“…The results are consistent with the argument that, during the recent floating exchange-rate period, PPP holds well, at least in a weak form, in developing countries where the general price level movements overshadow the factors causing deviations from the PPP.…”
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Oil price and exchange rates: a wavelet analysis for organisation of oil exporting countries members
Published 2016“…Countries which currencies pegged to USD are lagging against oil price changes, countries with floating exchange rates and countries with an undisclosed weighted basket of international currencies leads the changes in oil price, and countries which their currencies pegged to Special Drawing Right (SDR) experience changing relationships. …”
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Exchange rate volatility and uncertainty in India - A study of INR vs MYR
Published 2014“…The exchange rate volatility and its modelling has gained importance since the breakdown of Brett on Woods System in 1973 and subsequent movement of many countries shifting from fixed exchange rate system to floating exchange rate system.India shifted from fixed exchange rate to the Liberalized Exchange Rate Management System (LERMS) in 1992 and market determinant exchange rate regime in 1993 which is a major structural changes in Indian foreign exchange market.This has lead to huge volatility in exchange rate.Exchange rate volatility induces uncertainty in international transactions.This uncertainty reduces international trade and the growth of the economy.The present study is an attempt to analyse the volatility and uncertainty of exchange rate with specific reference to INR vs MYR (Malaysian Ringgit) based on the past 14 years daily exchange rate while the time series properties of the data was examined using the ADF and PP approach, the stationary process, and order of the incorporated series.The ARCH and GARCH models were used to examine the degree or severity of volatility based on the first diff erence estimated volatility.AR GARCH results showed that lagged (last year) exchange rate is significantly responsible for the dynamics of INR vs MYR exchange rate in India.Further, the Granger causality test conducted shows that the direction of causality is more powerful and significant from actual exchange rate to exchange rate uncertainty in India.…”
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Identifying the optimal level of gold as a reserve asset using Black-Litterman model: the case for Malaysia, Turkey, KSA and Pakistan
Published 2018“…Purpose – After the collapse of the Bretton Woods fixed exchange rate system in 1971, countries moved towards floating exchange rates, and the expectation was that the requirement for foreign reserves would decrease. …”
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Foreign exchange market efficiency : Asia-Pacific focus / Wong Yuen Meng
Published 2013“…We have shown that the currencies managed under the free-float exchange rate regime as more resilient than those administered under the managed-float regime in the face of crisis. …”
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