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Journal articles on the topic 'Foreign currency exchange policy'

Author: Grafiati

Published: 30 May 2022

Last updated: 31 July 2025

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1

o’g’li, Samandarov Zuxriddin Raup. "Mechanism for Optimizing Interbank Currency Exchange to Enhance Market Liquidity and Ensure Exchange Rate Stability." Journal of Management and Economics 5, no. 4 (2025): 59–62. https://doi.org/10.55640/jme-05-04-10.

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In modern monetary policy, optimizing the mechanism of interbank currency trading plays a vital role in enhancing the liquidity of the foreign exchange market and reducing devaluation pressures. Transparent exchange rate formation and reduced transaction costs are key factors that can lead to a more stable and efficient foreign currency system.

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2

Setiawati, Ririt Iriani Sri, Renny Oktafia, and Siti Alfi Nikmatin Khoiriyah. "Analysis of the Impact of Monetary Policy on Exchange Rates and Foreign Exchange Reserves in Indonesia." Proceedings of International Conference on Economics Business and Government Challenges 6, no. 1 (2023): 184–88. http://dx.doi.org/10.33005/icebgc.v6i1.72.

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This article aims to analyze the impact of monetary policy on exchange rates and currencies in Indonesia using case studies. Monetary policy is chosen because it is one of the government policies that can influence currency and currency movements in the market. The results from the study show that monetary policy has a significant impact on exchange rates and currencies in Indonesia. Policies implemented by the Bank of Indonesia, such as raising reference interest rates and selling currencies on the market, can strengthen the currency exchange rate and increase the country’s foreign exchange r

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3

Ishkhanov, Alexander, and Elena Linkevich. "Currency Effects of Tax Policy Application." Vestnik Volgogradskogo gosudarstvennogo universiteta. Ekonomika, no. 3 (October 2022): 158–70. http://dx.doi.org/10.15688/ek.jvolsu.2022.3.13.

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The article examines the Russian experience in the field of currency regulation and the instruments that affect the exchange rate of the Russian ruble in crisis conditions. It is justified that the dynamics of the Russian ruble exchange rate depends primarily on the influence of four factors: the state of the economy of the issuing country, state monetary and financial policies, price dynamics of international commodity markets, and instability of the global monetary and financial system. It was established that the Russian ruble exchange rate also depends on the volume of foreign currency pur

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4

Behdad, Sohrab. "Foreign Exchange Gap, Structural Constraints, and the Political Economy of Exchange Rate Determination in Iran." International Journal of Middle East Studies 20, no. 1 (1988): 1–21. http://dx.doi.org/10.1017/s0020743800057482.

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Foreign currency transactions have come under stringent controls in postrevolutionary Iran. This is a relapse into the prevailing conditions in the years preceding 1974, before the increase in oil revenues eliminated the foreign currency gap. Initially, the Islamic Republic of Iran (IRI) imposed exchange controls to stop the postrevolutionary capital flight. Soon, however, exchange controls became an integral policy instrument of the government for rationing the existing supply of foreign currency in the face of a widening foreign exchange gap.

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Chernilevskaya, Klavdiya E. "Internationalization of Renminbi as a Function of China’s Foreign Exchange Policy." RUDN Journal of Political Science 23, no. 2 (2021): 233–42. http://dx.doi.org/10.22363/2313-1438-2021-23-2-233-242.

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This article discusses the prospects of the Chinese renminbi (RMB) to expand its sphere of influence and become a full-scale reserve world currency. The methods used in the article are retrospective analysis and graphic analysis. The work is divided into three sections. The first section provides a broad overview of modern reserve currencies. The second part characterizes RMBs shaping as a reserve currency, as well as inner and outer factors that influence its status. The third section includes information about RMBs current status and its perspectives for being a reserve currency in the futur

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Dudzich, Viktar. "Relationships between exchange rate regime, real exchange rate volatility and currency structure of government bonds in emerging markets." Review of Economic Perspectives 20, no. 1 (2020): 3–22. http://dx.doi.org/10.2478/revecp-2020-0001.

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AbstractPublic foreign currency borrowing is a common problem of emerging markets. Scholars named it the original sin of foreign debt. It has a proven negative influence on economic growth and development, undermining financial stability, and increasing the probability of monetary crises. The roots of the original sin often lay in emerging markets’ institutional underdevelopment, with low-quality monetary policy, inappropriate exchange rate regime choice, and exchange rate mismanagement being stated among the most important causes. This paper evaluates the influence of the exchange rate policy

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Mercy, Femi-Olagundoye,, and Adedokun, Sikiru Adetona. "Exchange Rate Management in Nigeria: Historical Trends and Policy Insights." International Journal of Research and Innovation in Social Science IX, no. II (2025): 88–102. https://doi.org/10.47772/ijriss.2025.9020008.

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The exchange rate is critical in any economy, especially where imports exceed exports. A depreciated local currency boosts export trade by making it cheaper in the international market and increasing foreign exchange inflow. However, it also makes imports expensive and depletes available foreign exchange. The study reviewed the exchange rate in Nigeria on a decade basis for a holistic overview of the rate over six decades. Nigeria’s import trade is massive compared to the export trade. As a result, the demand for foreign currency is constantly rising, and due to insufficient supply, the exchan

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8

Solodzhuk, Tetiana, and Tetiana Myhovych. "Assessment of an Exchange Rate’s Fluctuations Impact on the Foreign Exchange Market." Journal of Vasyl Stefanyk Precarpathian National University 9, no. 3 (2022): 55–64. http://dx.doi.org/10.15330/jpnu.9.3.55-64.

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The article analyzes the foreign exchange market functioning under the influence of exchange rate fluctuations. The main factors determining the exchange rate in the existing conditions have been determined. All course-forming factors are divided into fundamental ones, which include the main economic indicators; technical conjunctural; extraordinary (unexpected) and non-economical. The formation of the forward currency operations market trends, in particular forward contracts, currency swaps, options and other financial instruments, was also investigated. The income trends of the current curre

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9

Dr., Hariharan Narayanan. "Exchange rate policies and refor-ms adopted by India until 2010: A literature analysis." International Journal of Financial Engineering 8, no. 2 (2021): 33. https://doi.org/10.1142/S2424786321500201.

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Exchange rate is a rate at which one currency can be exchanged into another currency. This paper will concentrate on the exchange rate policy, policy reforms and measures undertaken by India. It also will deal with the INR appreciations and depreciations from 1993–1994 to 2010–2011. It will give the clear comprehensive literature and measure of exchange rate policy and various reforms adopted by India, chronology of money, INR fluctuations and RBI interventions to curb volatility. This study is historical, descriptive and analytical which concentrates for a period of 10 years start

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10

Kumamoto, Hisao, and Masao Kumamoto. "Currency Substitution and Monetary Policy Effects: The Case of Latin American Countries." International Journal of Economics and Finance 9, no. 2 (2017): 32. http://dx.doi.org/10.5539/ijef.v9n2p32.

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In this study, we empirically investigate how currency substitution transmits foreign monetary policy shocks to domestic countries and evaluate how the central bank respond to real exchange rate movements in three inflation-targeting Latin American countries under currency substitution, namely Chile, Mexico and Peru, between 2000 and 2011. Our model is based on a small open economy dynamic stochastic general equilibrium model that incorporates currency substitution and incomplete financial markets, and we estimate it by using Bayesian estimation techniques. Our empirical results are as follows

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11

Mirzayev, Elvin Elchin. "Improving exchange rates in international settlements." Bank and Policy 2, no. 3 (2022): 90–94. https://doi.org/10.5281/zenodo.6546454.

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The Central Bank provides objective guarantees for the formation of all economic agents by regulating money circulation, strengthening the national currency, developing the banking system, implementing a set of measures in the field of financial market formation and subsequently turning these deposits into productive investments. Balancing foreign and national currency assets Monetary policy is an integral part of monetary policy. This policy is primarily aimed at using the exchange rate to determine the optimal level of inflation in the country.

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12

Khudhair, Layla Bdaiwi, and Yousif Hakim Ghadeer. "Effect of Global Oil Price Volatility and Exchange Rate Policy on Foreign Exchange Reserves in Iraq." International Journal of Professional Business Review 8, no. 8 (2023): e03394. http://dx.doi.org/10.26668/businessreview/2023.v8i8.3394.

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Purpose: This paper offers simulations and forecasts of the ideal currency reserve measure in light of future shocks to the Iraqi economy due to the downturn in the international price of oil and the global economic shutdown triggered by the Corona pandemic.  Theoretical framework: The Iraqi foreign exchange reserves have entered a cycle of sustained and accelerated degradation in recent years and hit alarming amounts in 2020, affecting Iraq's financial stability compared to other foreign currency reserves. According to figures from the Iraqi Parliament's Financial Commission, the

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13

Rybakova, Tetiana. "The instruments of currency regulation of foreign economic activity." University Economic Bulletin, no. 47 (December 17, 2020): 127–35. http://dx.doi.org/10.31470/2306-546x-2020-47-127-135.

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Relevance of research topic. In conditions of the high-level export-oriented national economy of Ukraine, the importance of foreign trade and monetary policy research including the development of currency regulation becomes especially relevant. The need for a system of currency regulation based on the principles of liberalization, which corresponds to both the general economic situation in Ukraine and global trends, requires special attention to studying the instruments of currency regulation. Analysis of recent research and publications. Among the most studied aspects of regulating currency r

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14

Korunoska, Vesna, Biljana Mitrovic, and Pavle Trpeski. "THE IMPACT OF BALANCE OF PAYMENTS ON MONETARY POLICY." Knowledge International Journal 34, no. 5 (2019): 1337–42. http://dx.doi.org/10.35120/kij34051337k.

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The paper monitors the balance of payments in the Republic of N. Macedonia, which determines the amount of the exchange rate through the supply and demand of foreign currency, as well as the impact of the exchange rate on the balance of payments movements. Real exchange rates are essentially equilibrium exchange rates. exchange rate that will keep the balance of payments in balance without taking measures for foreign exchange control, without pronounced inflation and deflationary tendencies and without constant expectation of monetary and foreign exchange reserves.There are several methods by

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15

ÖZKAYA, Ata. "Chaotic dynamics in Turkish foreign exchange markets." Business & Management Studies: An International Journal 10, no. 2 (2022): 787–95. http://dx.doi.org/10.15295/bmij.v10i2.2068.

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The financial systems, and particularly foreign exchange markets, are complex. This study investigates whether the Turkish foreign exchange market exhibits chaotic dynamics. To achieve this goal, we focus on a currency basket composed of equally-weighted Euro and US Dollar against the Turkish Lira. We compute Lyapunov exponents (LE) embedded in daily data of the currency basket from 2018M05D01 to 2022M05D23. The time interval under examination also indicates Turkey's alternative economic and financial policies have been preferred. We employed the phase space reconstruction method, which enable

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16

Trpeski, Pavle, Vesna Korunovska, and Miodrag Smelcerovic. "BALANCE OF PAYMENTS AND ITS IMPACT ON THE MONETARY POLICY." KNOWLEDGE - International Journal 47, no. 1 (2021): 101–5. http://dx.doi.org/10.35120/kij4701101t.

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The paper monitors the balance of payments in the Republic of North Macedonia, which determines the amount of the exchange rate through the supply and demand of foreign currency, as well as the impact of the exchange rate on the balance of payments movements. Real exchange rates are essentially equilibrium exchange rates. exchange rate that will keep the balance of payments in balance without taking measures for foreign exchange control, without pronounced inflation and deflationary tendencies and without constant expectation of monetary and foreign exchange reserves.There are several methods

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17

Sandoyan, E. M., M. A. Voskanyan, and A. G. Galstyan. "assessment of Key factors of the foreign Exchange Rate formation in armenia." Finance: Theory and Practice 22, no. 5 (2018): 27–39. http://dx.doi.org/10.26794/2587-5671-2018-22-5-27-39.

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Usually, it is diffcult for developing countries to choose a currency regulation policy because of institutional inadequacy, including a signifcant level of concentration in commodity markets, and a high degree of dependence of the national market and fnancial system on exogenous factors and a huge external debt. This article is dedicated to the analysis and evaluation of key factors affecting the formation of the Armenian national currency (dram) exchange rate, as well as to the choice of the currency regulation policy in Armenia. The authors carried out a statistical and econometric analysis

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18

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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19

Dimić, Maja, Ljiljana Stanković, and Milica Todorović. "Exchange rate policy in Republic of Serbia in conditions of the global economic crisis and Covid-19 pandemic: Similarities and differences." Trendovi u poslovanju 12, no. 2 (2024): 26–36. https://doi.org/10.5937/trendpos2402026d.

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The foreign exchange market represents the direct connection between a national economy and the global environment. The smooth functioning of the foreign exchange market contributes to national financial markets increasingly establishing relationships. The increase in the number of countries that have established currency convertibility and the rapid development of telecommunication technologies have primarily encouraged the foreign exchange market to develop at an astonishing speed. The efficiency of a national economy is best seen in the foreign exchange market through the price of the domes

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20

Moroz, Yulia S. "Evaluation of prospects for the development of the currency market of Russia." Siberian Financial School, no. 1 (August 2, 2023): 81–87. http://dx.doi.org/10.34020/1993-4386-2023-1-81-87.

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The article discusses the prospects for the development of the Russian foreign exchange market within the framework of international organizations and at the level of individual countries. Recommendations for the stable functioning of the Russian foreign exchange market and the development of the national economy of the country are proposed.In modern conditions, in order to ensure the stable functioning of the foreign exchange market and foreign exchange banking systems, there is a need to revise the monetary policy of both the Central Bank of Russia and at the level of commercial banks. In vi

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21

Madhy, SAFAA, and Ehssan Jaber. "Measuring the Impact of Some Monetary Policy Variables on the Stability of the Iraqi Dinar ‎Exchange Rate For 2004-2023." Journal of Economics and Administrative Sciences 31, no. 146 (2025): 91–102. https://doi.org/10.33095/y9dkfx93.

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The paper investigates how monetary policy variables affect the stability of real exchange rate of Iraqi dinar covering the period between 2004 and 2023. The research aims to assess the articulation between significant monetary policy instruments particularly the money supply, which is M2, and governmental sales of foreign currency windows together with their impacts on changes on the exchange rates. Using an econometric quantitative approach and EViews-12, the model for this research will estimate and test underlying hypotheses along with analyzing data using the autoregressive distributed la

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22

Belinska, Yanina, and Yuliia Kovalenko. "REGULATION OF THE UKRAINE’S FOREIGN EXCHANGE MARKET IN WARTIME’S FINANCIAL INSTABILITY." Scientific bulletin of Polissia, no. 1(26) (2023): 121–40. http://dx.doi.org/10.25140/2410-9576-2023-1(26)-121-140.

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The article examines the peculiarities of the functioning of the currency market of Ukraine since the beginning of the full-scale invasion. The exchange rate dynamics in the pre-war period are shown and the factors of its formation in 2022-2023 are determined. It is noted that a significant inflow of capital into the country in the form of foreign aid from allied countries makes it possible to compensate for the foreign currency deficit. The NBU's measures to maintain exchange rate stability and their consequences for the monetary sphere in general and the foreign exchange market, in particula

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23

Khalaf, Ammar. "Foreign exchange market pressure index and monetary policy in Iraq." Ekonomski anali 63, no. 219 (2018): 61–82. http://dx.doi.org/10.2298/eka1819061k.

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This paper?s aims are to adequately measure a foreign exchange market pressure index that can be used to discover pressures in the Iraqi foreign exchange market early on, and to examine the effect of monetary policy intervention in the Iraqi foreign exchange market. The modelling approach used is Autoregressive Distributed Lag (ARDL), with monthly time series data spanning 2013-2017. The index used in this paper was able to identify different periods of pressure in the Iraqi foreign exchange market. In addition, the econometric analysis found that the traditional proxies for monetary policy in

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24

Matsvai, Simion. "Exchange Rates and Inflation Dynamics in Multicurrency Regimes: The Case of Zimbabwe (2014 to 2024)." International Journal of Financial Studies 13, no. 2 (2025): 93. https://doi.org/10.3390/ijfs13020093.

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Exchange rate volatility has emerged to be one of the most critical determinants of price stability for countries operating in multicurrency systems with their own currency in the basket of currencies. This study empirically examined the impact of exchange rates (official and parallel market rates) on inflation in Zimbabwe during the multicurrency system for the period 2014 to 2024, together with comparing the impacts of the official and parallel market exchange rates on inflation. Time series and monthly data were used to examine the short and long run impact of exchange rates on inflation in

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25

Adhikari, Deepak. "Impact of Exchange Rate on Trade Deficit and Foreign Exchange Reserve in Nepal: An Empirical Analysis." NRB Economic Review 30, no. 1 (2018): 35–48. http://dx.doi.org/10.3126/nrber.v30i1.52299.

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The objective of the study is to examine the impact of exchange rate on trade deficit and foreign exchange reserve in Nepal. The hypotheses of the study are: (a) there is no significant positive association between nominal exchange rate and foreign exchange reserve and (b) there is no significant relationship between nominal exchange rate of Nepalese rupee with US dollar and trade deficit. As empirical analysis shows that one percentage point depreciation of the Nepalese rupee (NPR) with respect to US dollar results in an (a) increase in reserve by 0.82 percentage points and (b) decline in tra

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26

Senay, Ozge, and Alan Sutherland. "Local Currency Pricing, Foreign Monetary Shocks and Exchange Rate Policy." Open Economies Review 26, no. 4 (2015): 633–61. http://dx.doi.org/10.1007/s11079-015-9356-x.

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27

Yumna Qoni’atun Sholihah, Aleesya Mae Danieela, Azhilatul Annisa Parasti, Azkira Taradiva Fadya Putri, Erviana Agustina, and Wulandari Agustiningsih. "Analisis Perlakuan Akuntansi Psak No. 10 Atas Selisih Kurs dan Transaksi Mata Uang Asing pada PT Kalbe Farma Tahun 2022." JURNAL RISET MANAJEMEN DAN EKONOMI (JRIME) 3, no. 1 (2024): 66–75. https://doi.org/10.54066/jrime-itb.v3i1.2802.

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This research analyzes the management of foreign currency transactions and the impact of exchange rate differences on the financial statements of PT Kalbe Farma, a leading pharmaceutical company in Indonesia. Using a qualitative approach with literature study methods and secondary data analysis, this research focuses on the healthcare sector, which is understudied in the context of exchange rate fluctuation risk management. The results show that PT Kalbe Farma has implemented accounting treatments in accordance with PSAK No. 10 for foreign currency transactions. Exchange rate differences are r

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28

Mefteh-Wali, Salma, and Marie-Josèphe Rigobert. "The Dual Nature of Foreign Currency Debt and Its Impact on Firm Performance: Evidence from French Non-Financial Firms." Management international 23, no. 1 (2019): 68–77. http://dx.doi.org/10.7202/1060063ar.

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We investigate the impact of foreign currency debt on firm performance for a sample of non-financial French firms studied over the period 2002 to 2012. As foreign currency debt is both a financing and hedging instrument against foreign exchange risk, we examine whether its impact results from an optimal hedging policy or a capital structure policy. We find that foreign currency debt and domestic debt have the same positive effect before the crisis and negative impact after. The capital structure theory or the hedging theory can explain this result. During the crisis period, only corporate hedg

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29

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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30

Achilov, Ortiqjon Rustam o'g'li. "The impact of the monetary policy of the Central Bank on the balance of payments." Multidisciplinary Journal of Science and Technology 4, no. 3 (2024): 197–204. https://doi.org/10.5281/zenodo.10826614.

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Monetary and credit policy is very important in the regulation of economic activity. For example, central banks regulate the country's foreign exchange market by setting exchange rates and create conditions necessary for the stability of the economic system. This article presents the results and analysis of scientific research on the impact of the monetary policy of the Central Bank on the balance of payments .

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31

Demenko, Karyna Eduardivna. "Ukraine foreign exchange policy implementation: principles of building state bodies system in sphere regulating currency relations." Global Prosperity 3, no. 2 (2023): 19–27. https://doi.org/10.5281/zenodo.7943865.

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The article is devoted to the study of the principles of constructing a system of state bodies in the field of currency regulation as principles of implementing the state's currency policy. In the process of research, the author came to the conclusion that principles are guiding and regulatory fundamental principles that form the basis of any scientific knowledge or activity. The essence of the principles of constructing a system of state bodies in the field of currency regulation lies in their use as guiding and regulatory ideas, based on which a system of state bodies in the field of cur

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32

Sussangkarn, Chalongphob. "Promoting Local Currency Usage in the Region." Asian Economic Papers 19, no. 2 (2020): 1–16. http://dx.doi.org/10.1162/asep_a_00768.

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This paper focuses on policies to promote the greater use of regional currencies in intra-regional trade and investment. This will reduce the dominance of the U.S. dollar and lessen the region's exposure to U.S. monetary conditions and monetary policy. A key focus in this paper is on policies to help set up efficient currency exchange markets to reduce currency exchange transaction costs. This is fundamental, as high currency exchange spreads between local currencies discourage local currency usage for trade and investment. China's policy to internationalize the RMB and set up offshore direct

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33

Nakamura, Chikafumi. "Exchange rate risks in a small open economy." Journal of Financial Economic Policy 8, no. 3 (2016): 348–63. http://dx.doi.org/10.1108/jfep-10-2015-0060.

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Purpose This study aims to analyze exchange rate risks and the choice of exchange rate policies in a small open economy indebted in foreign currency, incorporating the financial accelerator mechanism. Design/methodology/approach To examine discussions on the fear of floating, this study develops a dynamic stochastic general equilibrium model in which a small open economy model has an open economy financial accelerator mechanism as the external borrowing restriction. The author then compares and analyzes the macroeconomic dynamics in response to an exchange rate shock under different exchange r

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34

Chey, Hyoung-Kyu, and Minchung Hsu. "The Impacts of Policy Infrastructures on the International Use of the Chinese Renminbi." Asian Survey 60, no. 2 (2020): 221–44. http://dx.doi.org/10.1525/as.2020.60.2.221.

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Despite burgeoning research on the internationalization of the Chinese renminbi, there has been surprisingly little systematic analysis of how the renminbi is actually used in foreign markets. This study provides a cross-country analysis of renminbi use in offshore foreign exchange markets, with special attention to the effects of the cooperative policy measures adopted by China and foreign states to promote the renminbi’s international use. We find that a country’s participation in the Renminbi Qualified Foreign Institutional Investor scheme (which expands its renminbi investment opportunitie

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35

Mahdich, Alisa S., Oleksandr A. Zadoia, and Bohdan O. Honcharuk. "ANALYSIS OF THE EFFICIENCY OF USING MONETARY POLICY INSTRUMENTS IN UKRAINE DURING THE CRISES OF 2008-2009 AND 2019-2020." Academic Review 1, no. 60 (2024): 150–63. http://dx.doi.org/10.32342/2074-5354-2024-1-60-11.

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The article is devoted to the analysis, comparison and evaluation of the effectiveness of the foreign exchange policy instruments used during the crises of 2008-2009 and 2019-2020 in Ukraine. The main types of instruments of foreign exchange regulation and the priority areas of their application were defined. The authors took under consideration the key features of the construction of the socioeconomic model of Ukraine, the geopolitical situation, and the imposition of cyclical fluctuations during the considered periods. In the course of the study, the exchange rate fluctuations of the nationa

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Nikulina, O. V., and O. A. Peregud. "Features of the functioning of currency market in crisis conditions." Gostinichnoe delo (Hotel Business), no. 12 (November 30, 2023): 729–36. http://dx.doi.org/10.33920/igt-2-2312-03.

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The article reveals the peculiarities of the functioning of foreign exchange markets in a crisis. The influence of modern geopolitical factors on the development of foreign exchange markets was analyzed. The main instruments for regulating currency markets in crisis situations are presented, among which the most effective instrument is the monetary policy of central banks.

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37

Elvin, Mirzayev. "A study on improving exchange rates in international payments." Science, Education and Innovations in the Context of Modern Problems 8, no. 2 (2025): 100–104. https://doi.org/10.56334/sei/8.2.8.

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The Central Bank provides objective guarantees for the formation of all economic agents by regulating money circulation, strengthening the national currency, developing the banking system, implementing a set of measures in the field of financial market formation and subsequently turning these deposits into productive investments. Balancing foreign and national currency assets Monetary policy is an integral part of monetary policy. This policy is primarily aimed at using the exchange rate to determine the optimal level of inflation in the country

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38

Wang, Hua, and Junjun Zhu. "The influence of USD/CNY foreign exchange rate, RMB NEER and spatial effects on China’s foreign trade." China Finance Review International 6, no. 3 (2016): 304–18. http://dx.doi.org/10.1108/cfri-09-2014-0067.

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Purpose – The purpose of this paper is to analyze the influence of different forms of RMB foreign exchange rates on Chinese foreign trade. Design/methodology/approach – This paper constructed spatial panel model and Markov Chain Monte Carlo estimation method and collected the data of 25 countries’ (including China) quarterly macroeconomic data from first quarter of 1993 until third quarter of 2013 to conduct the data analysis. Findings – This paper finds that USD/CNY, which is widely used in trade settlement, is more significant in effecting Chinese export. Totally, 1 percent appreciation of C

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BOFINGER, PETER. "THE SCOPE FOR FOREIGN EXCHANGE MARKET INTERVENTIONS." Journal of International Commerce, Economics and Policy 03, no. 03 (2012): 1250018. http://dx.doi.org/10.1142/s1793993312500184.

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The discussion on exchange rate policy is dominated by the so-called "impossible trinity". In this paper, a strategy of managed floating is developed that allows one to transform the "impossible trinity" into a "possible trinity". If a central bank targets an exchange rate path which is determined by uncovered interest parity (UIP), it can at the same time set its policy rate autonomously. As a UIP path removes the incentives for carry-trade, it is also compatible with capital mobility. The approach can be used unilaterally to prevent carry trade as a central bank can always prevent an appreci

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Boldova, Antonina. "Priorities and movement vectors for further development of the foreign exchange market of Ukraine." Economic Analysis, no. 33(3) (2023): 232–37. http://dx.doi.org/10.35774/econa2023.03.232.

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Introduction. Ukraine continues to work on strengthening the role, importance and participation in European integration processes, improving the image of the national currency and stabilizing its exchange rate. In order to continue to be a participant in international trade operations, it is necessary to continue to form an effective foreign exchange market, because its normal functioning is an important component of the further development of the economy of Ukraine. Even under difficult modern conditions, international financial activity remains an important factor that determines the develop

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Rao, Varun. "Analysing the Impact of Foreign Exchange Rate on Macroeconomic Variables in India." International Journal of Applied Research in Management and Economics 6, no. 1 (2023): 29–46. http://dx.doi.org/10.33422/ijarme.v6i1.960.

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This paper analyses the impact of foreign exchange rates on the foreign exchange reserves and the real Gross Domestic Product in India. These variables are essential for India’s external sector policy. Some basic definitions of the different kinds of exchange rates are covered in light of India’s economic context. This is followed by a literature review on the dilemma of adopting a strong or a weak exchange rate policy and its implications on the economy. Presented after this is a model of the cyclical nature of currency fluctuations in an economy. Empirical evidence shows that currency deprec

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Kunal, Kunal, and B. V. Phani. "FDI Inflow, Stock Market Performance and Exchange Rate: Indian Scenario." International Journal of Accounting and Financial Reporting 7, no. 2 (2017): 148. http://dx.doi.org/10.5296/ijafr.v7i2.11868.

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In this research work, macro level analysis has been conducted to assess impact of foreign direct investment (FDI) capital inflow in Indian economy. This study is focused on causality relationship between FDI inflow, stock market performance and foreign exchange rate. This framework is used for policy implications of relationship between three variables. These macro-economic variables are linked with different policies. Causality tests performed on these variables are further used for policy implications. Impact of change in exchange rate on changes in FDI inflow is the least significant follo

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Alam, Atia, and Hira Nadeem. "FOREIGN DIRECT INVESTMENT, EXCHANGE RATE AND FINANCE-GROWTH NEXUS." Pakistan Journal of Social Research 03, no. 04 (2021): 329–37. http://dx.doi.org/10.52567/pjsr.v3i4.299.

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Present study revisits the financial market development and economic growth nexus by examining the path through which exchange rate determines the role of foreign direct investment on finance-growth link. Sample data represents 22 Asian countries for the period of 1998–2018. Following the categorization of World Bank, study divides the data in developing and developed countries. Findings depict that the developing countries can achieve maximum growth in times of fewer foreign direct investments and weaker home currency. While, developed countries can maximize their economic progression by incr

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Kuma, Abhishek, Wui-Ken Liow, Joanna Moss, Yuan Sun, Zhong Yi Wang, and Xi Zhuang. "Did China's Foreign Exchange Policy Hinder the US Recovery from the Global Financial Crisis?" Deakin Papers on International Business Economics 4, no. 1 (2011): 7. http://dx.doi.org/10.21153/dpibe2011vol4no1art180.

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...substantially undervalued...” - Tim Geithner, US Treasury, January 2011 “...China manipulates its currency...” - Charles Schumer (D), February 2011 “...huge competitive disadvantage...” - President Obama, February 2010 The quotes above convey the perception that China’s foreign exchange policy has had a harmful impact on the US economy. This paper examines whether China’s foreign exchange policy harmed the US economy wit h particular reference to its GDP and unemployment levels since the onset of the GF C. We find, contrary to the commonly held belief, that China’s foreign exchange policy h

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Manole, Tatiana. "MANAGEMENT OF THE COMPANY'S INTERNATIONAL FOREIGN CURRENCY-FINANCIAL RELATIONS." Administrarea Publica, no. 2(114) (2022): 54–61. http://dx.doi.org/10.52327/1813-8489.2022.2(114).05.

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This article deals with the set of issues related to economic - currency-financial relations with abroad. To this end, we first presented the general concepts of this process including foreign exchange policy, the foreign exchange market accompanied by the exchange rate. For the practical work of the financial manager of the enterprise of particular importance are the transfers of funds through correspondent banks. That is why we considered it opportune for the financial manager to know the movement of funds in the process of import-export of goods. In this case, it is necessary to understand

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Slaski, Alexander. "Policy Signaling and Foreign Electoral Uncertainty: Implications for Currency Markets." International Studies Quarterly 65, no. 4 (2021): 1124–36. http://dx.doi.org/10.1093/isq/sqab078.

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Abstract This paper examines the effects of foreign electoral shocks on currency markets. I develop a theory of signaling and uncertainty to explain why elections in countries with close economic ties should affect exchange rates. Methodologically, this paper focuses on several case studies, with the 2016 US election as a central case. I utilize an event analysis framework to measure the impact of the election on the Mexican peso by exploiting the plausible exogeneity of Donald Trump's tweets. I also measure changes in the peso using Trump's predicted chance of winning the election and show th

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MARKOVIĆ, Milan, and Ivana MARJANOVIĆ. "VULNERABILITY TO THE CURRENCY CRISIS: THE CASE OF SERBIA." Management of Sustainable Development 14, no. 2 (2022): 17–21. http://dx.doi.org/10.54989/msd-2022-0011.

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The aim of this paper is to assess the external liquidity and currency stability of the Serbian economy. For this purpose, the following indicators were used: coverage of short-term external debt by foreign exchange reserves, coverage of imports by foreign exchange reserves and the exchange market pressure (EMP) index of the Republic of Serbia. Global events such as the coronavirus pandemic and the crisis in Ukraine have also affected the national financial market, so it is important to investigate this impact and compare it with the previous crisis of 2008-2009. The research shows that the Re

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REKUNENKO, Ihor, and Ruslana CHUKHNO. "PECULIARITIES OF THE STATE'S ACTIVITY IN THE FOREIGN EXCHANGE MARKET OF UKRAINE." WORLD OF FINANCE, no. 2(67) (2021): 23–34. http://dx.doi.org/10.35774/sf2021.02.023.

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Introduction. One of the urgent and urgent problems today is the effective activity of the state in the foreign exchange market of Ukraine, which in an unstable economic situation should be primarily aimed at stabilizing and supporting the national currency, which in turn will create a basis for economic growth and support economic processes in the country, establishing international relations and increasing the competitiveness of the economy as a whole. The purpose of the article is to study the peculiarities of the state's activity in the foreign exchange market of Ukraine, to determine the

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Kenen, Peter B. "EMU, Exchange Rates and the International Monetary System." Recherches économiques de Louvain 59, no. 1-2 (1993): 257–81. http://dx.doi.org/10.1017/s077045180004433x.

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SummaryThis paper asks how EMU will affect foreign-exchange markets, the demands for various key currencies, the behaviour of exchanges rates among them, and policy coordination. The advent of the Ecu as the single currency of the EC may reduce the vehicle role of the dollar in foreign-exchange markets. Yet the share of the Ecu in global reserves may be lower initially than the sum of the shares of the present EC currencies. The private demand for Ecu, domestic and foreign, may also be smaller initially than the demands for the present EC currencies. By helping to unify EC capital markets, how

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Rosenberg, Emily S. "Foundations of United States International Financial Power: Gold Standard Diplomacy, 1900–1905." Business History Review 59, no. 2 (1985): 169–202. http://dx.doi.org/10.2307/3114929.

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From 1900 to 1905 the United States government, working with a small group within the emerging profession of economics, developed—for the first time—a financial policy toward foreign dependent areas. The policy devised and carried out by this first generation of experts in foreign currency reform—who included Charles Conant, Jeremiah Jenks, and Edwin Kemmerer—sought to bring nations onto a gold-exchange standard, with their gold funds deposited in New York and their coinage denominated on American money. In this article, Professor Rosenberg describes this gold standard diplomacy, suggesting th

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