Further Evidence on Implicit Bands in the Yen/Dollar Exchange Rate

2006 ◽  
Author(s):  
Francisco J. Ledesma Rodríguez ◽  
Manuel Navarro Ibáñez ◽  
Jorge Pérez Rodríguez ◽  
Simón Javier Sosvilla Rivero
Keyword(s):  
Exchange Rate ◽  
Dollar Exchange Rate

Bitcoin Sentiment Index, Performance and US Dollar Exchange Rate

2020 ◽  
Author(s):  
Ishfaque Ahmed Soomro ◽  
Suresh Kumar Oad Rajput ◽  
Najma Ali
Keyword(s):  
Exchange Rate ◽  
Dollar Exchange Rate ◽  
Us Dollar

Spillover effect of US dollar exchange rate on oil prices

2008 ◽  
Vol 30 (6) ◽  
pp. 973-991 ◽  
Author(s):  
Yue-Jun Zhang ◽  
Ying Fan ◽  
Hsien-Tang Tsai ◽  
Yi-Ming Wei
Keyword(s):  
Exchange Rate ◽  
Spillover Effect ◽  
Oil Prices ◽  
Dollar Exchange Rate ◽  
Us Dollar

Macroeconomic fundamentals and dynamics of the Indian rupee-dollar exchange rate

2015 ◽  
Vol 7 (4) ◽  
pp. 301-326 ◽  
Author(s):  
Chandan Sharma ◽  
Rajat Setia
Keyword(s):  
Exchange Rate ◽  
Structural Break ◽  
Cointegration Analysis ◽  
Least Square ◽  
Dollar Exchange Rate ◽  
Content Type ◽  
Macroeconomic Variables ◽  
Indian Rupee ◽  
Macroeconomic Fundamentals ◽  
The Impact

Purpose – This paper aims to examine the relationship between Indian rupee-US dollar exchange rate and the macroeconomic fundamentals for the post-economic reform period. Design/methodology/approach – The authors have used an empirical model which includes a range of important macroeconomic variables based on the basic monetary theories of exchange rate determination. At the first stage of the analysis, they have tested structural break in the data. Subsequently, they have employed the fully modified ordinary least square, Wald’s coefficient restriction and impulse response functions (IRF) to estimate the monetary model in the long- and short-run horizons. Findings – Results of analyses indicate that the macroeconomic fundamentals determine exchange rate in a significant way, but their effect varies sizably across the periods. The IRF illustrate the importance of interest rate in controlling exchange rate volatility. Practical implications – The analysis of the behavior of inter-relationship among macroeconomic variables will help policymakers in a deep-rooted understanding of this complex and time-varying relationship. Originality/value – Most of the existing studies have tested the impact of a single or a few macroeconomic fundamentals on exchange rate. But in the present study, we have tested the impact of a range of important variables, i.e. money supply, real income or output, price level and trade balance. Further, considering the importance of structural breaks in data, they authors have employed standard tests of structural break and incorporated the issue in the cointegration analysis.

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