scholarly journals The Impact of Exchange Rate Dynamics on Agricultural Output Performance in Nigeria

2018 ◽  
Author(s):  
Wasiu Adekunle ◽  
C. Innocent Ndukwe
Keyword(s):  
Exchange Rate ◽  
Agricultural Output ◽  
Exchange Rate Dynamics ◽  
Output Performance ◽  
The Impact

scholarly journals Monetary Policy Response on Exchange Rate Dynamics: The Case of Indonesia

2017 ◽  
Author(s):  
Ferry Syarifuddin
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Open Economy ◽  
Inflation Targeting ◽  
Exchange Rate Dynamics ◽  
Macroeconomic Indicators ◽  
The Exchange Rate ◽  
The Impact ◽  
Domestic Interest Rate ◽  
Policy Interest

Bank Indonesia has been implementing Enhanced Inflation Targeting Framework (EITF) since few years ago. The main monetary instrument is short term policy interest rate. The policy interest rate, in this regard, may also have significant role in driving the exchange rate to its desired level. Setting appropriate the interest rate to drive the exchange rate is important to drive the actual inflation to its official target. In order to see the response of policy interest rate to exchange rate dynamics as well as the impact of exchange-rate dynamics to macroeconomic indicators, Structural Co-integrating Vector Auto Regression (SC-VAR) in an open economy model, is implemented. Its finding shows that exchange rate dynamic of USD/IDR has significantly positive relationship with domestic interest rate. The increase of the USD/IDR (depreciation) will then push domestic interest rate to increase.

scholarly journals Do US News and Volatility in Exchange Rate Exposure Matter (Empirical Evidence from Emerging Economies)

2020 ◽  
Vol V (I) ◽  
pp. 198-208
Author(s):  
Rana Shahid Imdad Akash ◽  
Kashif Hamid ◽  
Iqbal Iqbal Mahmood
Keyword(s):  
Exchange Rate ◽  
Exchange Rates ◽  
Emerging Economies ◽  
Exchange Rate Volatility ◽  
Decision Makers ◽  
Exchange Rate Dynamics ◽  
Exchange Rate Exposure ◽  
Variance Equation ◽  
News Effect ◽  
The Impact

This study is aimed to examine the impact of US News and exchange rate exposure on emerging economies of Pakistan, China, Turkey and Iran. Daily exchange rates have been used for the period Jan 1, 2003 to Dec 31, 2018 to identify the volatility in exchange rate exposure due to news effect. US News is modeled with variance equation respectively for each country exchange rate. GARCH (1,1) by Bollerslev (1986), and EGARCH (1,1) by Nelson (1991) models have been used to estimate the volatility of exchange rate dynamics. Results indicate that impact of US News is significantly positive on the exchange rate of Pakistan and China and the results of US news impact on Turkey and Iran are insignificant. Present study is helpful for investors, financial analysts and economic decision makers for understanding the changing dynamics of exchange rate volatility.

scholarly journals Exchange Rates, Monetary Policy, and Interest Rates in the Dominican Republic during the 1990s Boom and New Millennium Crisis

2005 ◽  
Vol 37 (4) ◽  
pp. 727-738 ◽  
Author(s):  
JOSÉ R. SÁNCHEZ-FUNG
Keyword(s):  
Monetary Policy ◽  
Exchange Rate ◽  
Gross Domestic Product ◽  
Exchange Rates ◽  
Interest Rates ◽  
Banking System ◽  
Bank Supervision ◽  
Exchange Rate Dynamics ◽  
The Impact ◽  
New Millennium

This article gives an account of the developments in the Dominican Republic's economy from the 1990s boom to the crisis of the new millennium, focusing on the monetary and exchange rate dynamics behind that transition. It is argued that the liberalisation of interest rates in the 1990s, together with an appreciated real exchange rate and weak bank supervision, led to the dollarisation of the banking system. These and other structural imbalances exacerbated the impact of a series of adverse shocks on the economy at the beginning of the millennium, including a banking crisis costing approximately 20 per cent of gross domestic product in 2003.

scholarly journals 5.2. THE EFFECT OF THE TRANSFER AS THE INFLUENCE OF EXCHANGE RATE DYNAMICS ON THE MAIN MACROECONOMIC INDICATORS

2020 ◽  
Author(s):  
А.С. Бутузова
Keyword(s):  
Monetary Policy ◽  
Exchange Rate ◽  
Interest Rates ◽  
Russian Federation ◽  
Medium Term ◽  
Real Interest Rates ◽  
Exchange Rate Dynamics ◽  
Macroeconomic Indicators ◽  
The Russian Federation ◽  
The Impact

В условиях современной денежно-кредитной политики в Российской Федерации актуальным является вопрос воздействия ослабления национальной валюты на уровень цен в стране (т.е. эффект переноса валютного курса на инфляцию). События в денежно-кредитной сфере конца 2014 г. продолжают оказывать среднесрочный эффект как на финансовые, так и на макроэкономические показатели РФ. Пруденциальная макроэкономическая и денежно-кредитная политика должна учитывать влияние волатильности национальной валюты и уровня инфляции на основные макроэкономические показатели, такие как валовой внутренний продукт, уровень процентных ставок в экономике и реальный доход на душу населения. Цель работы: оценка влияния динамики валютного курса на уровень инфляции и другие основные макроэкономические показатели в РФ (в краткосрочном и среднесрочном периодах как результат перехода к плавающему валютному курсу). В процессе изучения опыта проведения денежно-кредитной политики в РФ использовались методы анализа, в том числе ретроспективного, и синтеза; сбор, консолидация и анализ статистических данных; построение многопеременных графиков и диаграмм. В ходе исследования выявлено влияние валютного курса рубля на инфляцию и другие основные макроэкономические показатели в РФ; оценен эффект переноса валютного курса на инфляцию на различных временных интервалах. Сделан вывод о том, что эффект переноса валютного курса на инфляцию в рассмотренный период нельзя определить однозначно: так, в краткосрочном периоде эффект переноса высок, а в среднесрочном периоде на фоне низкой инфляции и относительно невысокой волатильности курса рубля происходит падение реальных доходов населения и рост реальных процентных ставок в экономике. In the conditions of modern monetary policy in the Russian Federation, the issue of the impact of the weakening of the national currency on the inflation is relevant. The events in the monetary policy at the end of 2014 continue to have a medium-term effect on both financial indicators and macroeconomic indicators of the Russia. The impact of the exchange rate and inflation on a country's GDP, the level of real interest rates and standard of living of the population are important for building prudential macroeconomic and monetary policies. Assessment of the impact of exchange rate dynamics on the main macroeconomic indicators in the Russian Federation (short-term and medium-term results after the transition to a floating exchange rate). Methods of analysis, synthesis and retrospective analysis were used in the process of studying the experience of conducting monetary policy in the Russian Federation; collection, consolidation and analysis of statistical data; construction of multi-variable graphs and charts. The influence of the ruble exchange rate on the main macroeconomic indicators in the Russian Federation has been revealed; the effect of exchange rate carryover on inflation at various time intervals is estimated. It was concluded that the medium-term results of the transition to exchange rate policy are ambiguous: against the background of low inflation and low volatility of the ruble exchange rate, there is a drop in real incomes of the population and a rise in real interest rates in the economy. The significant effect of the transfer of the exchange rate to inflation in the period 2014-2019 not identified.

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