Determinants of Exchange Rate Fluctuations of Uzbek Sum
Keywords:
exchange rates, interest rate, money supply, net trade, remittance
Abstract
This paper examines the determinants of exchange rate fluctuations of Uzbek sum by using three econometric models OLS (Ordinary Least Squares), ARIMA (Autoregressive Integrated Moving Average) and ML ARCH (Multivariate Long memory Autoregressive Conditional Heteroskadasticity). Model results show that the effects of money supply and remittances to the nominal and real exchange rates (USD/UZS) are found statistically significant; the impacts of inflation and interest rate are not econometrically meaningful. Also, it should be noted that the level of net trade influences to the exchange rate is not conclusive in our econometric analysis.
Downloads
- Article PDF
- TEI XML Kaleidoscope (download in zip)* (Beta by AI)
- Lens* NISO JATS XML (Beta by AI)
- HTML Kaleidoscope* (Beta by AI)
- DBK XML Kaleidoscope (download in zip)* (Beta by AI)
- LaTeX pdf Kaleidoscope* (Beta by AI)
- EPUB Kaleidoscope* (Beta by AI)
- MD Kaleidoscope* (Beta by AI)
- FO Kaleidoscope* (Beta by AI)
- BIB Kaleidoscope* (Beta by AI)
- LaTeX Kaleidoscope* (Beta by AI)
How to Cite
References
M Friedman, A Schwartz (1982) Monetary trends in the United States and the United Kingdom.
Andrew Rose (1996) Explaining exchange rate volatility: an empirical analysis of 'the holy trinity' of monetary independence, fixed exchange rates, and capital mobility. 15(6), 925-945.
Giovanni Dell'ariccia (1999) Exchange Rate Fluctuations and Trade Flows: Evidence from the European Union. 46(3), 315-334.
Michael Devereux, Philip Lane (2003) Understanding bilateral exchange rate volatility. 60(1), 109-132.
F Robert, C Granger (1987) Error Correction: Representation, Estimation and Testing. 55(2), 251-276.
Rudiger Dornbusch (1976) Expectations and Exchange Rate Dynamics. 84(6), 1161-1176.
J Madura (2000) International financial management.
J Duasa (2009) Exchange Rate Shock on Malaysian Prices on Import and Export and Empirical Analysis. 30(3), 99-144.
Robert Mundell (1961) A Theory of Optimum Currency Areas. 51, 657-665.
Christian Broda, John Romalis (2003) Identifying the Relationship between Trade and Exchange Rate Volatility.
Catalina Amuedo-Dorantes, Susan Pozo (2004) Workers' Remittances and the Real Exchange Rate: A Paradox of Gifts. 32(8), 1407-1417.
Federico Mandelman (2013) Monetary and exchange rate policy under remittance fluctuations. 102, 128-147.
A Barajas, R Chami, D Hakura, P Montiel (2010) Workers' Remittances and the Equilibrium Real Exchange Rate: Theory and Evidence. 1-42.
Pablo Acosta, Emmanuel Lartey, Federico Mandelman (2009) Remittances and the Dutch disease. 79(1), 102-116.
David Altig, Elias Ilin, Alexander Ruder, Ellyn Terry (2009) Benefits Cliffs and the Financial Incentives for Career Advancement: A Case Study of the Health Care Services Career Pathway. 94(1).
Gazi Hassan, Mark Holmes (2013) Remittances and the real effective exchange rate. 45(35), 4959-4970.
Raghuram Rajan, Arvind Subramanian (2009) Aid Dutch Disease and Manufacturing Growth, Center for Global Development in its series Working Papers. 196.
Mehwish Naeem, Iram Tahir, Zain Iqbal, Hassaan Shafique (2015) Impact of Supply Chain Management Strategies and Practices in the Textile Retail Sector in Islamabad, Pakistan. 8(6s3), 240-245.
Published
2019-04-08
Issue
Section
License
Copyright (c) 2019 Authors and Global Journals Private Limited
This work is licensed under a Creative Commons Attribution 4.0 International License.