scholarly journals THE ROLE OF NATIONAL DEBTS IN THE DETERMINATION OF THE YEN‐DOLLAR EXCHANGE RATE

2018 ◽  
Vol 57 (2) ◽  
pp. 1182-1195 ◽  
Author(s):  
Ioannis Litsios ◽  
Keith Pilbeam
Keyword(s):  
Exchange Rate ◽  
Dollar Exchange Rate

scholarly journals Do Expectations Play Any Role in Determining Pak Rupee Exchange Rates?

1997 ◽  
Vol 36 (3) ◽  
pp. 263-273
Author(s):  
Razzaque H. Bhatti
Keyword(s):  
Exchange Rate ◽  
Exchange Rates ◽  
Real Exchange Rate ◽  
Purchasing Power Parity ◽  
Foreign Currency ◽  
Nominal Exchange Rate ◽  
Power Parity ◽  
Relative Prices

This paper presents some evidence on the role of expectations in the determination of Pak rupee exchange rates vis-à-vis the dollar, pound, and yen over the period 1982:1– 1993:7. Results of cointegration and coefficient restriction tests in two out of three cases are supportive of the view of exchange rate determination in postulating that in efficient markets in which uncertainty and expectations about the future are dominant, the equilibrium nominal exchange rate is determined not only by current relative prices but also by the expected real exchange rate. These results are supportive of ex ante purchasing power parity, implying that the real exchange rate follows a random walk. These results also suggest that the anticipated inflation rate is higher in Pakistan than in other countries, which tends to encourage the domestic residents to convert their current balances into foreign currency, so that the terms of trade deteriorate and offset much of gains of the continuous devaluation of Pak rupee by undermining external competitiveness.

Relationship between Dollar Exchange Rate, Monetary Liquidity and International Oil Price

2013 ◽  
Vol 773 ◽  
pp. 939-943
Author(s):  
Lan Lan ◽  
Qing He ◽  
Qiang Liu ◽  
Xiao Tong Zhao
Keyword(s):  
Exchange Rate ◽  
Economic System ◽  
Oil Prices ◽  
Oil Price ◽  
Oil Consumption ◽  
Dollar Exchange Rate ◽  
The World

This paper provides an analysis on three variables based on observation and experiment: Brent oil prices, the dollar exchange rate and the dollar liquidity (M2), and verifies their interactions relations. The analysis shows that the Granger reason of Brent oil price is the dollar exchange rate and extends the Krugmans achievement. The concept of dollar liquidity (M2) illustrates the important role of oil price in global economic system. China should guide the oil price to a reasonable interval by making full use of the top of oil consumption status in the world.

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