scholarly journals Are exchange rates less important for trade in a more globalized world? Evidence for the new EU members

2021 ◽  
pp. 100868
Author(s):  
Boris Fišera ◽  
Roman Horváth
Keyword(s):  
Exchange Rates ◽  
Globalized World ◽  
New Eu Members

scholarly journals Impact of FDI as Macroeconomic Variable on the Exchange Rates with Special Reference to the Selected Asian Countries’ Currencies

2019 ◽  
Vol 8 (2S10) ◽  
pp. 122-125
Keyword(s):  
Exchange Rate ◽  
Exchange Rates ◽  
Exchange Rate Regime ◽  
Asian Countries ◽  
Human Race ◽  
Macroeconomic Variable ◽  
Fdi Inflows ◽  
The World ◽  
The Exchange Rate ◽  
Globalized World

Globalization has brought immense benefit for the welfare of the human race. For a globalized world, the economic integration of nations around the world is a prerequisite. This integration of economies has brought in the concept of international trade wherein the countries trade with each other. For a trade to be carried out the buyer has to pay the seller in currency that is accepted by the seller. As of now one of the widely accepted currencies is USD and the exchange rates of most of the currencies are determined in terms of USD. The exchange rate of a country is affected by many macroeconomic variables and one among them is the FDI. This paper has tried to analyse whether FDI as a macroeconomic variable affects the exchange rate of selected Asian countries' currencies. With the integration of economies around the world, it is important to know the factor responsible for the variation in the exchange rates. With this knowledge, the Governments and the Central Banks can plan their policies accordingly that are attractive to the investors. The study has considered countries such as China, India, Phillipines, Qatar and Singapore. The study has used regression to find out the influence of FDI inflows on the exchange rates of respective currencies and correlation has been used to find the extent of relationship between the variables considered. The results show that the FDI inflows affect the exchange rates of all the countries considered except Phillipines. Also correlation shows that FDI inflows and Exchange rates of Qatar are not related since Qatar follow fixed exchange rate regime.

Is the world small enough? — A view from currencies

2019 ◽  
Vol 33 (12) ◽  
pp. 1950120 ◽  
Author(s):  
Yusuf Yargi Baydilli ◽  
İlker Türker
Keyword(s):  
Exchange Rates ◽  
Small World ◽  
Financial Network ◽  
Economic Relations ◽  
Scale Free ◽  
Trading Patterns ◽  
Correlation Threshold ◽  
International Trading ◽  
Robust Network ◽  
Globalized World

Exchange rates are important indicators of the economic power of countries, directly affected by the international trading patterns and relations. Since almost every pair of countries in the globalized world are economically and financially related, exchange rates can be evaluated as nodes of a global financial network to make meaningful inferences. In this study, a financial network approach is conducted by evaluating the movements of the most traded 35 currencies against gold between years 2005 and 2017. Using graph theory and statistical methods, the analysis of economic relations between currencies is carried out, supported with geographical and cultural inferences. A risk map of currencies is generated through the portfolio optimization. Another approach of applying various threshold levels for correlations to determine connections between currencies is also employed. Results indicate that there exists a saddle point for correlation threshold as 0.9 which results in a robust network topology that is highly modular and clustered, also dominantly displaying small-world and scale-free properties.

scholarly journals Volatility of exchange rates in selected new EU members: Evidence from daily data

2008 ◽  
Vol 32 (1) ◽  
pp. 103-118 ◽  
Author(s):  
Jarko Fidrmuc ◽  
Roman Horváth
Keyword(s):  
Exchange Rates ◽  
Daily Data ◽  
New Eu Members
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