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Journal articles on the topic 'Effect of devaluation of currency on'

Author: Grafiati

Published: 4 June 2021

Last updated: 3 February 2022

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1

A. S. Choudharyv, Munir, and Muhammad Aslam Chaudhry. "Effects of the Exchange Rate on Output and Price Level: Evidence from the Pakistani Economy." LAHORE JOURNAL OF ECONOMICS 12, no. 1 (2007): 49–77. http://dx.doi.org/10.35536/lje.2007.v12.i1.a3.

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The question of whether devaluation of the currency affects output positively or negatively has received considerable attention both from academic and empirical researchers. A number of empirical studies have supported the contractionary devaluation hypothesis using pooled time series data from a large number of heterogeneous countries. Since the effects of devaluation on output and the price level may not be uniform across all developing countries, the empirical results can not be generalized for all countries. In addition, almost none of the empirical studies used to test the contractionary

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2

Kamal, Khnd Md Mostafa. "A Panel Data Analysis to Evaluate the Effect of Currency Devaluation on Major Export Items." Dhaka University Journal of Science 63, no. 1 (2015): 53–57. http://dx.doi.org/10.3329/dujs.v63i1.21769.

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Many countries devaluate their own currencies on the basis of assumption that promoting export is an important aspect in economic growth. This paper uses 25 years (1987 to 2011) panel data for 33 such countries with their major export items to empirically examine whether devaluation of these countries currency matter for change in exports for major items by using different econometrics techniques. Results find that devaluation of the currencies cause export to decrease rather than to increase. Thus countries should follow appropriate policy for currency appreciation than currency depreciation

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3

Kulkarni, Kishore G. "The J-Curve Hypothesis And Currency Devaluation: Cases Of Egypt And Ghana." Journal of Applied Business Research (JABR) 12, no. 2 (2011): 1. http://dx.doi.org/10.19030/jabr.v12i2.5821.

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<span>The paper reviews effects of devaluation on balance of trade by using Marshall Lerner condition, J-Curve hypothesis. It extends the hypothesis further to consider a case of continuous devaluations of exchange rates. After initially contributing to conventional theory of J-Curve hypothesis, and the paper then tests the theory for cases of Ghana and Egypt. In both cases it is found that theoretical arguments are consistent with empirical evidence. Paper consists of four sections including introduction.</span>

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4

Zahid Ali, Syed. "Stability, Wage Contracts, Rational Expectations, and Devaluations." Pakistan Development Review 32, no. 4II (1993): 1005–13. http://dx.doi.org/10.30541/v32i4iipp.1005-1013.

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The effects of devaluations on economies have caused a great deal of concern in recent years. Conventional economists such as Robinson (1947) and Meade (1951) hold the view that due to high unemployment and the absence of any supplyside effects of the exchange rates, devaluation will increase employment if it increases the demand for home goods. A number of papers have been written which serioUsly challenge this result on a number of grounds. For example, Turnovsky (1981) has derived the result that if agents under-predict changes in the exchange rate then output will increase with devaluation

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5

Dergachova, V., M. Kravchenko, O. Vynogradova, V. Holiuk, and K. Kuznietsova. "DETERMINANT MANAGEMENT OF COMPETITIVE DEVALUATION: THEORETICAL AND PRACTICAL ASPECTS." Financial and credit activity: problems of theory and practice 1, no. 36 (2021): 281–92. http://dx.doi.org/10.18371/fcaptp.v1i36.227884.

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The paper is devoted to the study of theoretical and practical aspects of determinant management of competitive devaluation, which are the essence of competitive devaluation, instruments of its implementation, as well as the positive and negative consequences of its impact on the economy of the country, which is implementing it and its trading partners. The authors have found that competitive devaluation is a deliberate devaluation of currency initiated (both officially and informally) by the central bank to reduce the value of exported goods, thereby facilitating domestic production, solving

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6

FEMMINIS, GIANLUCA. "CURRENCY ATTACKS WITH MULTIPLE EQUILIBRIA AND IMPERFECT INFORMATION: THE ROLE OF WAGE-SETTERS." Macroeconomic Dynamics 11, no. 1 (2007): 79–112. http://dx.doi.org/10.1017/s1365100507050420.

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We consider a dynamic stochastic model of currency attacks, characterized by imperfect information about a fundamental. Agents not only decide whether to attack the peg but also formulate expectations concerning the probability of future devaluation. The subjective devaluation probabilities influence the inflation expectations, which, in turn, affect the next-period wage level and unemployment. Hence, expectations affect the following-period fundamental and the policymaker's ability to resist an attack. Agents decide upon next-period wage having observed whether the current-period currency att

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7

Thissen, Mark, and Robert Lensink. "Macroeconomic effects of a currency devaluation in Egypt." Journal of Policy Modeling 23, no. 4 (2001): 411–19. http://dx.doi.org/10.1016/s0161-8938(01)00056-4.

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8

Lai, Ching-Chong, and Wen-Ya Chang. "Income taxes, supply-side effects, and currency devaluation." Journal of Macroeconomics 11, no. 2 (1989): 281–95. http://dx.doi.org/10.1016/0164-0704(89)90043-8.

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9

Kyophilavong, Phouphet, Muhammad Shahbaz, Thongphet Lamphayphan, Byoungki Kim, and Michael C. S. Wong. "Are Devaluations Expansionary in Laos?" Global Business Review 20, no. 1 (2018): 72–83. http://dx.doi.org/10.1177/0972150918803996.

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This study investigates whether currency devaluation is expansionary for Laos. We combine cointegration and vector error correction method (VECM) Granger causality analysis to examine long-run and causal relationships among selected macroeconomic variables. Our results confirm the presence of cointegration among the variables and support expansionary effects of currency devaluation on economic growth of Laos. Government spending increases economic growth but money supply decreases the growth. World income is inversely linked with Laos’ economic growth. Our evidence supports the devaluation-led

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10

HERRERA-ECHEVERRI, HERNÁN, JERRY HAAR, ALEXANDER ARRIETA JIMÉNEZ, and MANUEL ARAÚJO ZAPATA. "DEVALUATION, COMPETITIVENESS AND NEW BUSINESS FORMATION IN EMERGING COUNTRIES." Journal of Developmental Entrepreneurship 20, no. 03 (2015): 1550015. http://dx.doi.org/10.1142/s1084946715500156.

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In September 2010, Brazil’s Finance Minister, Guido Mantega, used the term “currency war” with reference to monetary policies implemented by different countries to generate an artificial devaluation of their currency and achieve a cheaper, more competitive domestic economy that may be attractive to foreign investors. Similar cases have been documented since the 1930’s Great Depression, when several countries abandoned the gold standard as backing for their currencies. More recently, a large-scale asset purchase by Japan’s Central Bank in 2013 was singled out as a strategy aimed at generating d

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NGUYỄN MINH, HẢI, HIỂN PHAN TẤT, and LINH ĐẶNG HUYỀN. "An Analysis of Impacts of Currency Devaluation on Economic Growth in Vietnam in 2000-2012." Journal of Asian Business and Economic Studies 217 (July 1, 2013): 110–19. http://dx.doi.org/10.24311/jabes/2013.217.07.

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The paper aims at exploring effects of currency devaluation on Vietnam?s economic growth. Our approach is to employ smooth transition regression (STR) to estimate relationship between real exchange rate, money supply, and public expenditure with Vietnam?s GDP in 2000-2012. The results show that currency devaluation can increase output if growth of money supply is less than 24.46%, and it may produce negative effects on the output when the money supply grows higher than the above threshold.

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12

Yilkal, Wassie Ayen. "The effect of currency devaluation on output: The case of ethiopian economy." Journal of Economics and International Finance 6, no. 5 (2014): 103–11. http://dx.doi.org/10.5897/jeif2013.0548.

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13

Costa, Ecio F. "Brazil's New Floating Exchange Rate Regime and Competitiveness in the World Poultry Market." Journal of Agricultural and Applied Economics 33, no. 2 (2001): 367–75. http://dx.doi.org/10.1017/s1074070800005824.

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AbstractIn early 1999, Brazil devalued its currency, increasing its competitiveness in the poultry industry and capturing world market share. This paper discusses the devaluation and its effects on Brazil's trade, evaluates preliminary statistics on the impact of the devaluation on world poultry markets, and reports the results from a computable general equilibrium (CGE) simulation of the devaluation. The medium-run CGE results are compared to the short-run impacts reflected in the preliminary statistics.

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14

Saleh, Martha, and Osundina Olasunkanmi. "Currency Devaluation and Fuel Subsidy Removal for Nigeria’s Economic Development." International Journal of Social Science Research 5, no. 2 (2017): 90. http://dx.doi.org/10.5296/ijssr.v5i2.11919.

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Currency devaluation and fuel subsidy removal are policies that are phenomena to the Nigerian economic environment. The implementation of the policies has further caused more challenges in the pursuit for economic development than remedy to alleviate the crisis in the Nigeria economy. However, the continuous exploration of this policies by successive administration was a concern to this research work. It is as a result of this persistent policies that this paper wants to analyse its viability for economic development in Nigeria.The paper adopted survey research design with the use of questionn

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15

Mitchener, Kris James, and Marc D. Weidenmier. "Was the Classical Gold Standard Credible on the Periphery? Evidence from Currency Risk." Journal of Economic History 75, no. 2 (2015): 479–511. http://dx.doi.org/10.1017/s0022050715000686.

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We use a standard metric from international finance, the currency risk premium, to assess the credibility of fixed exchange rates during the classical gold standard era. Theory suggests that a completely credible and permanent commitment to join the gold standard would have zero currency risk or no expectation of devaluation. We find that, even five years after a typical emerging-market country joined the gold standard, the currency risk premium averaged at least 220 basis points. Fixed-effects, panel-regression estimates that control for a variety of borrower-specific factors also show large

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16

Argamaya, Argamaya. "EXCHANGE RATE ECONOMICS AND MACROECONOMIC FUNDAMENTALS." Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan 8, no. 1 (2007): 15. http://dx.doi.org/10.23917/jep.v8i1.3934.

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Financial crises have a long history. Recently, several international crises emerged: the Mexican and Argentina currency and debt crisis of 1973-1982 and 1978-1981 respectively, the exchange rate crises following the abandonment of the European Exchange Rate Mechanism in 1992, the Tequila Effect resulting from the Mexican peso devaluation in 1992, the Asian Flu of 1997 resulting after Thailand's devaluation and the Russian Cold which arose from the collapse of the rubble in 1998. These episodes of international financial turmoil attracted worldwide attention; causes, impact and policy implicat

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17

Kamugisha, Godwin, and Joe Eyong Assoua. "Effects of a Devaluation on Trade Balance in Uganda: An ARDL Cointegration Approach." International Journal of Economics and Finance 12, no. 7 (2020): 42. http://dx.doi.org/10.5539/ijef.v12n7p42.

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Obtaining a trade surplus, an increase in exports over imports, is a major economic indicator and one that developing economies strive to obtain. The devaluation of a country&rsquo;s currency is expected to be one way to obtain the trade surplus, by making imports expensive and exports cheap in the domestic country. This paper investigates the effects of a devaluation on the trade balance in Uganda in both the short run and long run. We consider two major approaches to trade balance improvement: the absorption approach and the elasticity approach. We employed an autoregressive distributed

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18

Baran, Bernadeta. "Budgetary Discipline and Internal Devaluation – Estonian Method to Overcome the Crisis." Equilibrium 9, no. 2 (2014): 9–23. http://dx.doi.org/10.12775/equil.2014.008.

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The purpose of this article is to outline the main reasons and effects of the Estonian adjustments in response to the global financial and economic crisis. Estonia chose significant budgetary savings, in contrast with most other countries stimulating their economies by expansionary fiscal policy and leading to fiscal imbalances and growing public debts. Estonia did not carry out a devaluation of its currency, but restored competitiveness through internal devaluation. This strategy allowed Estonia to maintain a fixed exchange rate, fulfill the Maastricht criteria and adopt the single currency.

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19

Oye, Olubukoye Opeyemi, Adedoyin Isola Lawal, Ann Eneogu, and Joseph IseOlorunkanmi. "Does Exchange Rate Devaluation Affect Agricultural Output? Evidence from Nigeria." Binus Business Review 9, no. 2 (2018): 115–23. http://dx.doi.org/10.21512/bbr.v9i2.4139.

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The purpose of this research was to examine the effect of exchange rate devaluation on agricultural output in Nigeria. This investigation used the available time series data of 30 years (1986-2016) from the Central Bank of Nigeria (CBN) Statistical Bulletin and the National Bureau of Statistics. Moreover, the real effective exchange rate was used as the proxy for currency devaluation and Consumer Price Index (CPI) was used as a proxy for inflation. Other variables were Agricultural Gross Domestic Product (AGDP), Price of Export (PEXP), and Real Agricultural Exports (RAEXP). The research throug

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20

Zahid Ali, Syed. "Does Stability Preclude Contractionary Devaluation?" LAHORE JOURNAL OF ECONOMICS 9, no. 2 (2004): 51–71. http://dx.doi.org/10.35536/lje.2004.v9.i2.a3.

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In this paper we attempt to assess the relevance of correspondence principle in determining the possible effects of currency devaluation on balance of payments and employment. We developed a model in line with Buffie (1986) who derived a very strong result that if the model is locally stable and if labour and imported inputs are gross substitutes then devaluation will certainly improve labour employment and balance of payments at the same time. For the general production function the Buffie model predicts that devaluation cannot contract both employment and balance of payments at the same time

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21

Kadochnikov, S., and A. Fedyunina. "The Impact of Foreign Direct Investmenton Export Activity of Russian Firms: the Size Matters." Voprosy Ekonomiki, no. 12 (December 20, 2017): 96–119. http://dx.doi.org/10.32609/0042-8736-2017-12-96-119.

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The paper assesses the impact of FDI spillovers on the propensity to export for Russian firms in manufacturing industries. It conjectures that the effects of FDI spillovers on export propensity are higher for small and medium sized enter- pises than for large firms. In 2014-2016, there has been observed an increasing propensity of export for Russian firms. Estimates show that spillovers were most significant in 2015 when a positive effect of currency devaluation was observed.

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22

Stern, Karl. "Valuutakontrolli rakendamine Eestis 1930. aastatel [Abstract: Implementation of exchange control in Estonia in the 1930s]." Ajalooline Ajakiri. The Estonian Historical Journal, no. 1 (May 3, 2017): 79. http://dx.doi.org/10.12697/aa.2017.1.03.

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Exchange control is generally managed by the national bank. Exporters have to transfer all of their earnings from foreign exchange to the national bank. The national bank considers different factors in redistributing foreign exchange among importers. After the devaluation of the British pound in the autumn of 1931, cash cover for Estonia’s currency decreased rapidly. The leaders of monetary policy ignored the statutes of the National Bank of Estonia and urgently decided to implement exchange control. The implementation of exchange control did not go very smoothly during its first y

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23

Woo, Wing Thye. "Devaluation and Domestic Politics in Developing Countries: Indonesia in 1978." Journal of Public Policy 8, no. 3-4 (1988): 335–52. http://dx.doi.org/10.1017/s0143814x00008655.

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ABSTRACTDevaluations are traumatic events. The historical record shows that a devaluation doubles the probability that a ruling group would be replaced and triples the likelihood that the Minister of Finance would be relieved. Yet in November 1978, Indonesia devalued its currency by 50 percent when observers were not predicting a balance of payments crisis in the near future. The devaluation was undertaken to effect an income transfer to the countryside and the Outer Islands, the centers of traditional agricultural export industries. Since this action contradicts the logic of the dominant mode

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My, Nguyen Quang, Mustafa Sayim, and Hamid Rahman. "The Impact of Exchange Rate on Market Fundamentals: A Case Study of J-curve Effect in Vietnam." Research in Applied Economics 9, no. 1 (2017): 45. http://dx.doi.org/10.5296/rae.v9i1.11019.

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This study examines if there is an equilibrium relationship between gross domestic product (GDP), exchange rate fluctuation and trade balance in long-term and short-term in Vietnam. The results show that the short-term and long-term exchange rate fluctuations impact the trade balance in Vietnam; both ARDL (Autoregressive Distributed Lag) and ECM (Error Correction Model) methodologies implied that exchange rate has a statistically negatively impact on the trade balance. Particularly, Autoregressive distributed lag (ARDL) utilized to test the long -term impact, shows the trade balance deficit be

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Ouseley-Torrezao, Eulanie. "An analysis of the impact of Globalization and Economic Adjustment on Urban Governance." Journal of Public Administration and Governance 3, no. 3 (2013): 15. http://dx.doi.org/10.5296/jpag.v3i3.3883.

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This paper discusses the concepts of globalisation and urban governance and examines some of its effects on the governance of developing countries. It argues that globalization is three dimensional, having social, economic and political characteristics. It also highlighted that some policy measures such as decentralization, trade liberalization and currency devaluation have negatively impacted on the governance of cities.

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Salman, Doaa, Mohab Kamal, and Omnia Basyoni. "AN ASSESSMENT TO THE COVID-19 IMPACT ON THE CURRENT PRODUCTION GLUT IN THE CONSTRUCTION SECTOR: EGYPTIAN CASE." Economics & Law 3, no. 1 (2021): 53–63. http://dx.doi.org/10.37708/el.swu.v3i1.4.

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The real estate and construction sector is a lucrative activity to attract investment on both the internationally and national level. The secret behind continuous investment refer to the other tradable sector which still not competitive and the return of investment is still provide marginal benefit. A status quo accelerates the currency devaluation – especially in countries that are facing trade deficit – the devaluation of the currency has been a common phenomenon during the past sixty years and the real estate present an attractive pool to keep the value of human wealth. In countries that ar

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Nkwatoh, Louis S., and Kwanga Cornelius. "Is the CFA Franc Prone to Speculative Attacks or a Contagion Effect: A Stochastic-Markov Transition Analysis for Cameroon." Central Bank of Nigeria Journal of Applied Statistics, Vol. 10 No. 1 (August 27, 2019): 97–117. http://dx.doi.org/10.33429/cjas.10119.5/6.

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The study employs the Markovian processs on annual nominal effective exchange rate of CFA Franc spanning 1975 to 2017 to examine whether the CFA franc is prone to speculative attacks or a contagion effect. The findings reveal that the expected duration for the CFA Franc to be undervalued is twice higher than for it to be overvalued. This validates the contagion effect of a Euro crisis on the CFA Franc. Though the level of growth increased significantly during the undervaluation era, the level of uncertainty remains equally high. The findings confirm that exchange rate devaluation influences th

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Ali, Hina, Fatima Farooq, and Kishwar Parveen. "Inflation and Growth Nexus in Pakistan: A Time Series Analysis." Review of Applied Management and Social Sciences 3, no. 1 (2020): 113–29. http://dx.doi.org/10.47067/ramss.v3i1.29.

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This study is related to recognize the effect of inflation on economic growth in the case of Pakistan. Inflation is a state when the general price level moves to increase. A large number of people say that if unnecessary money pursues meager goods this state is called inflation. This analysis is comprised of data from 1981 to 2014. Selected variables are Gross Domestic Product growth rate, Inflation, Child labor force, Unemployment, and Gross fixed capital formation. The inflation will work only if the rising price process prevails in the country and increases in wages, devaluation of the curr

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Gadekar, Ashish, and Rimalini Gadekar. "Effects of devaluation of currency on a developing country like Malawi (a small African country)." African J. of Economic and Sustainable Development 5, no. 4 (2016): 343. http://dx.doi.org/10.1504/ajesd.2016.079437.

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Obasanmi, Jude O., and Fidelis O. Nedozi. "Validation of J-Curve Hypothesis in the Nigerian Non Oil Sector." International Journal of Economics and Finance 8, no. 1 (2015): 15. http://dx.doi.org/10.5539/ijef.v8n1p15.

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J-Curve is a term used to describe the impact of currency devaluation on a country’s balance of trade. In carrying out the study, two objectives stated which are; the validation of the j-curve hypothesis in the short (SR) and long runs (LR). Also, the researcher used the OLS in addition to distributed lag model because exchange rate devaluation does not take effect immediately giving room for lag model effect. The study span from 1985-2014. The study adopted its model from Rose and Yellen (1989) and Rose (1990). The unit root test was used to determine the stationarity of the data. From the re

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Madzar, Ljubomir. "Marshall-Lerner conditions and their policy implications." Ekonomski anali 51, no. 170 (2006): 90–124. http://dx.doi.org/10.2298/eka0670090m.

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Marshall-Lerner conditions are firstly derived on the basis of alternatively defined elasticities: elasticities of domestic demand for imports and domestic supply of exports and, next, four elasticities consisting of the above mentioned coefficients and, in addition to them, elasticities of foreign supply of imports to and foreign demand for exports of the observed country. All these coefficients are specified with respect to the alternatively defined exchange rates: as the number of the domestic currency units for a unit of conveniently chosen foreign currency, and vice versa. The above state

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CHANG, BISHARAT HUSSAIN, SURESH KUMAR OAD RAJPUT, and NIAZ HUSSAIN GHUMRO. "ASYMMETRIC IMPACT OF EXCHANGE RATE CHANGES ON THE TRADE BALANCE: DOES GLOBAL FINANCIAL CRISIS MATTER?" Annals of Financial Economics 13, no. 04 (2018): 1850015. http://dx.doi.org/10.1142/s201049521850015x.

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Recent studies have been mainly focusing on whether exchange rate changes have a symmetric or asymmetric effect on the trade balance. We revisit this question in the context of US and further extend previous studies by determining whether the relationship between these underlying variables change as a result of the global financial crisis. We use both linear autoregressive distributed lag (ARDL) and non-linear ARDL models for the whole sample period as well as in the pre- and post-crisis periods. Findings suggest that exchange rate changes have an asymmetric effect on the trade balance; howeve

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Coric, Tomislav, Hrvoje Simovic, and Milan Deskar-Skrbic. "Restoring international competitiveness in Croatia: The role of fiscal and monetary policy." Ekonomski anali 58, no. 199 (2013): 39–55. http://dx.doi.org/10.2298/eka1399039c.

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Croatia has joined the European Union as a country with several substantial structural problems, of which the most important is weak competitiveness. Although competitiveness can be viewed from the ?institutional? perspective, which includes World Development Indicators (WDI) and Doing Business reports, in this paper the authors focus on the more standard view of competitiveness based on unit labour costs (ULC) and real effective exchange rate (REER). As a small, open and highly dollarized/euroised economy that has to coordinate its economic policy with the EU policy framework, Croatia has lim

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Papadamou, Stephanos, Costas Siriopoulos, and Nikolaos A. Kyriazis. "A survey of empirical findings on unconventional central bank policies." Journal of Economic Studies 47, no. 7 (2020): 1533–77. http://dx.doi.org/10.1108/jes-04-2019-0186.

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PurposeThis paper presents an integrated overview of the empirical literature on the impact of all forms of unconventional monetary policy on macroeconomic variables and on markets.Design/methodology/approachThis survey covers the findings concerning portfolio rebalancing, signaling, liquidity, bank lending and confidence channels.FindingsThe positive effect of QE announcements on stock and bond prices seems to be unified across studies. A contagion effect from US QE to other emerging markets is identified, while currency devaluation is present in most cases for the country that its central ba

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Rahim, Sikander. "What Does the Exchange Rate Do? A Status Symbol?" LAHORE JOURNAL OF ECONOMICS 19, Special Edition (2014): 35–60. http://dx.doi.org/10.35536/lje.2014.v19.isp.a3.

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This paper aims to assess the harmful impacts of exchange rate depreciations on Pakistan’s economy, including impacts on international capital movements, wages, the domestic price level, and development. Devaluation of a currency in terms of foreign currencies or metallic standards was for long considered to be undesirable and, if unavoidable, a sign of failure. Attitudes have since changed and devaluation is thought to bring advantages, especially by making economies more competitive exporters. This paper is intended to show that it has disadvantages that outweigh any supposed advantages, not

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Limani, Mr Sc Kadishe, and Mr Sc Jeta Hani. "The effects of exchange rate on balance trade and on monetary aggregates of macedonia and the impact of the current world crisis in its economy." ILIRIA International Review 2, no. 2 (2012): 238. http://dx.doi.org/10.21113/iir.v2i2.153.

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Macedonia is a country that is close related to the European Union countries where the majority of the Macedonian foreign trade is with the European Union countries (52%). So the Macedonian economy is in a high level dependency of Euro. Since Denar is connected closely to Euro, and the level of its usage in everyday economic activity is close to the usage of Denar, it is obvious to be discussed as a dilemma whether Macedonia should have Euro as its currency. However, the problem lies in that whether it is the right time for such action as the best solution for Macedonian economy, keeping in mi

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Shyfrina, Nadiia, and Iryna Lesnaya. "Multiplier effect of factors influencing the inflation processes in Ukraine in 2014-2018." Development Management 17, no. 2 (2019): 49–57. http://dx.doi.org/10.21511/dm.17(2).2019.06.

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Inflation is a complex economic phenomenon in terms of form, development and consequences. Inflation undermines the possibilities of the economic regulation mechanism, nullifies the efforts to carry out structural changes and restore destroyed proportions. The aim of the article is to construct a regression model of the factors influencing the inflation processes in Ukraine and determine the multiplier effect of each factor on the resulting indicator. The object of the research is the inflation processes in Ukraine in 2014-2018. Mathematical modelling methods have been used in the base of the

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Nahoussé, Diabaté. "The Determinants of Inflation in West Africa." International Journal of Economics and Financial Research, no. 55 (May 15, 2019): 100–105. http://dx.doi.org/10.32861/ijefr.55.100.105.

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The objective of this study is to identify the determinants of inflation in West Africa, mainly in the WAEMU zone, in order to contribute to improving the conduct of monetary policy. The equation of the exchange of the Quantitative Theory of the Currency and the generalized method of moments (MMG) in dynamic panel is used. Annual data concerning six countries in West Africa and range from 1991 to 2015. The results of the estimation show that in addition to the economic growth rate and the money supply, the devaluation has a significant effect on inflation. As we can see, inflation is not syste

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Fouéré, Thierry, Bernard Maire, Francis Delpeuch, Yves Martin-Prével, Félicité Tchibindat, and Guy Adoua-Oyila. "Dietary changes in African urban households in response to currency devaluation: foreseeable risks for health and nutrition." Public Health Nutrition 3, no. 3 (2000): 293–301. http://dx.doi.org/10.1017/s1368980000000331.

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AbstractObjectiveTo investigate the effects of currency devaluation on dietary change and nutritional vulnerability of poor households in two African capital cities.DesignA qualitative study based on 120 semistructured individual interviews and four focus group discussions in each city.SettingDakar, Senegal (western Africa) and Brazzaville, Congo (central Africa).SubjectsAll of the subjects were randomly selected women from modest or poor households, who spoke the local common language and were responsible for household meal preparation. Only those likely to restrict the dynamic of focus group

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Choi, Myoung Shik, Bongsuk Sung, and Woo-Yong Song. "The Effects of the Exchange Rate on Value-Added International Trade to Enhance Free Trade Sustainability in GVCs." Sustainability 11, no. 10 (2019): 2740. http://dx.doi.org/10.3390/su11102740.

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This study investigates the role of value-added bilateral trade focused on global value chains to achieve sustainable economic development. Our findings address trade policy implications that help to mitigate the global imbalances and exchange rate conflicts. These policies are expected to provide a competitive advantage that can be crucial to the sustainability of free trade. We apply traditional trade models to the value-added framework to examine the effects on value-added trade. Empirically, we investigate the bilateral value-added trade for recent years. Our major findings are that curren

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Abid Khan, Ilyas Sharif, and Shakeel Khan. "The Nexus of Currency Fluctuations on Imports and Exports of Pakistan." Journal of Accounting and Finance in Emerging Economies 6, no. 4 (2020): 1121–31. http://dx.doi.org/10.26710/jafee.v6i4.1474.

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Imports and exports are fulfilling the economic requirements and therefore in both productive ways it is highly demanding and efforts oriented to focus on the proper and effective ways of tackling these factors. Its representing that how Pakistani rupees value effects official debt, imports and exports an also study how it effects stock exchange/market. This research is supportive to examine the fluctuating factors and its role importantly for the development of drawing a clear and supportive economically benefiting policy for the wealth and progression in the fiscal and economic years. This r

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Shubaita, Elham, Muhammad Mar’i, and Mehdi Seraj. "Investigating in the J-curve phenomenon in Tunisia- ARDL bound test approach." Journal of Economics and Behavioral Studies 12, no. 5(J) (2020): 23–32. http://dx.doi.org/10.22610/jebs.v12i5(j).3077.

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This paper investigates the relationship between trade balance, real exchange rates, and incomes in Tunisia by adopting the autoregressive distributed model (ARDL) by using data over the period of 1980 to 2018. We also used the bound test cointegration between variables at a 10% significant level. Our findings show that the Tunisia economy does not match the Marshall-Lerner condition in the long run, that provides an accurate description of the particular situation for which a country currency devaluation or depreciation its currency under both fixed or floating regime is predicted to enhance

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Arkhiiereiev, S., Ia Maksymenko, and T. Diachenko. "FACTORS OF EXPORT INCOMES FORMATION AND WAYS TO INCREASE CURRENCY INCOMES OF UKRAINE." Financial and credit activity: problems of theory and practice 2, no. 37 (2021): 406–13. http://dx.doi.org/10.18371/fcaptp.v2i37.230325.

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Abstract. Under conditions of persistent trade balance deficit, there activates a search for ways of export increase and, consequently, of currency incomes of Ukraine. The goal of this article is to evaluate the state of Ukraine’s export, its dynamics, development of extended classification of the factors influencing the formation of export incomes, detecting the problems in this sphere, development of recommendations concerning the growth of export and increase in currency incomes of Ukraine. The methods of research applied are analysis and synthesis, system approach, comparison, generalizati

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Schnabel, Jacques A. "Foreign exchange operating exposure and pass-through in a homogeneous product market." Managerial Finance 41, no. 1 (2015): 2–9. http://dx.doi.org/10.1108/mf-12-2013-0349.

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Purpose – Operating exposure to foreign exchange risk and exchange rate pass-through are investigated in the context of a Cournot model of equilibrium in a homogeneous product market, i.e. an industry populated by N firms, which compete exclusively on the basis of quantities produced/marketed and where each firm optimizes its decision based on expectations regarding the actions of its rivals that in fact eventuate. Whereas one firm sources its product domestically, the remaining N−1 firms source their product in a foreign country. The paper aims to discuss these issues. Design/methodology/appr

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Yamaguchi, Mitoshi, and M. S. SriGowri Sanker. "Empirical Evaluation of Performance and Effect of Currency Devaluation with Special Reference to Export and Import under Policy Reforms on Sri Lanka's Agriculture." Japanese Journal of Rural Economics 9 (2007): 15–31. http://dx.doi.org/10.18480/jjre.9.15.

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Chan, Tze-Haw, Hooi Hooi Lean, and Chee-Wooi Hooy. "A macro assessment of China effects on Malaysian exports and trade balances." Journal of Chinese Economic and Foreign Trade Studies 7, no. 1 (2014): 18–37. http://dx.doi.org/10.1108/jcefts-11-2012-0019.

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Purpose – This paper aims to focus on the impact of China's export expansion on Malaysian monthly trading with to her 12 major trading partners over the liberalization era. Design/methodology/approach – The analytical framework comprises of both the export and trade balance models. Unit root and cointegration tests with break and error correction modeling are employed in the analyses. Findings – Regime shifts are evident in the long run where structural break(s) found mostly coincides with the Asia crisis and China's accession into WTO. While the income effects are more apparent in most cases,

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Hasanov, Fakhri, Nigar Bayramli, and Nayef Al-Musehel. "Bank-Specific and Macroeconomic Determinants of Bank Profitability: Evidence from an Oil-Dependent Economy." International Journal of Financial Studies 6, no. 3 (2018): 78. http://dx.doi.org/10.3390/ijfs6030078.

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This study investigated bank-specific and macroeconomic determinants of bank profitability in Azerbaijan, an oil-dependent economy in transition. A huge drop in oil prices, a significant devaluation of the national currency, and the financial distress were the main motivations of the study. We applied Panel Generalized Method of Moments to the data in the framework of dynamic model of the bank profitability. It was found that bank size, capital, and loans, as well as economic cycle, inflation expectation, and oil prices were positively related to the profitability, whereas deposits, liquidity

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Vo, Anh The, Chi Minh Ho, and Duc Hong Vo. "Understanding the exchange rate pass-through to consumer prices in Vietnam: the SVAR approach." International Journal of Emerging Markets 15, no. 5 (2019): 971–89. http://dx.doi.org/10.1108/ijoem-10-2018-0551.

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Purpose The purpose of this paper is to examine the degree of the exchange rate pass-through (ERPT) to the consumer price index (CPI) at both aggregated and disaggregated levels in Vietnam. Updated data of the nominal effective exchange rate (NEER) and bilateral exchange rate (BiER) have been utilized in this study for the comparison purposes. Design/methodology/approach Advanced time-series approaches such as a structural vector autoregressive framework, structural impulse response functions (SIRFs), and structural forecast-error variance decomposition (SFEVD) are utilized in this paper. Find

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Pasztor, Szabolcs. "The New Wave of Currency Devaluations in Africa – Will the Devalued Birr Help the Coffee Exports?" Afrika Tanulmányok / Hungarian Journal of African Studies 12, no. 4. (2019): 101–18. http://dx.doi.org/10.15170/at.2018.12.4.7.

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Despite the fact that currency devaluations are likely to have a negative effect on the economy in the long run, Ethiopia devalued its national currency, the birr (ETB), by 15 percent in 2017. They turned to this option in the hope of attracting more investments from abroad, decreasing import bills, improving the current account deficit and giving a boost to the exports of the coffee sector. A couple of months later, the impact seems to be promising because the export has been revived in some areas. However, it has to be stressed that the imported commodities may experience a price increase, t

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Kargi, Bilal. "Time Series Analysis About The Relationship Between Foreign Trade and Exchange Rate in Turkish Economy." Timisoara Journal of Economics and Business 7, no. 2 (2014): 123–33. http://dx.doi.org/10.1515/tjeb-2015-0007.

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Abstract In this study, the relationship between the foreign trade data and the exchange rate is tested using the monthly data for the period of 1992:01-2014:01 in Turkish Economy. The devaluation of local currency is expected to increase export while decreasing import rates, thus it will close the foreign trade deficit, theoretically. However, this effect is observed in varying degrees in the on both short and long terms. One of the most fundamental problems of the Turkish Economy is the foreign trade deficit, beside the Turkish Lira is a quite frequently fluctuating currency. The relationshi

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