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Journal articles on the topic 'Interbank foreign exchange market'

Author: Grafiati

Published: 30 May 2022

Last updated: 31 July 2025

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1

Ohwadua, E. O., and A. R. Akanji. "Dual Foreign Exchange Rate in Nigeria: Stylised Facts and Volatility Modelling." Journal of Advances in Mathematics and Computer Science 38, no. 9 (2023): 81–97. http://dx.doi.org/10.9734/jamcs/2023/v38i91806.

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This study examines the dual dynamics of Interbank Foreign Exchange Market (IFEM) and Bureau De Change (BDC) Market rates between the Nigerian Naira and the US Dollar over a ten-year period from 2012 to 2022. We investigate the dual foreign exchange rates – Interbank Foreign Exchange Market (IFEM) and Bureau De Change (BDC) Market rates between the Nigerian Naira and the US Dollar for ten years from 2012 to 2022. By employing MGARCH (multivariate generalized autoregressive conditional heteroscedasticity), we analyse the volatility of the naira in the dual foreign exchange windows and examine t

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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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Khalid, Asma. "Pakistan’s Parallel Foreign Exchange Market." LAHORE JOURNAL OF ECONOMICS 19, Special Edition (2014): 1–16. http://dx.doi.org/10.35536/lje.2014.v19.isp.a1.

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This paper seeks to describe and analyze the parallel foreign exchange (FX) market in Pakistan. The very nature of this market implies that there is little formal documentation or data to describe it, and so any assessment will be, by definition, subjective. However, parties that transact in the parallel market are familiar with parts of it, on which basis this paper aims to give a comprehensive picture of the structure and evolution of this market in Pakistan. We start with a brief historical perspective, which flags the importance of workers’ remittances to the country and explains how the b

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Clifton, Eric V. "The currency futures market and interbank foreign exchange trading." Journal of Futures Markets 5, no. 3 (1985): 375–84. http://dx.doi.org/10.1002/fut.3990050308.

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5

Kavtaradze, Nino. "CURRENCY SYSTEM AND CURRENCY TRADING OF GEORGIA." PIRETC-Proceeding of The International Research Education & Training Centre 104, no. 1-2 (2021): 70–75. http://dx.doi.org/10.36962/ecs104/1-2-70.

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The present empirical paper investigates the following issues: the formation of the Georgian currency system that started after the collapse of the Soviet Union, when the country has declared its independence, establishing the National Bank of Georgia and issuing the national currency. Also is discussed financial market where foreign exchange and transaction are made. As it is known today, in the international currency market, 90% of the world market holds the FOREX (Foreign Exchange Market), which makes it the largest foreign exchange market in the world. FOREX currency traders, together with

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Kuznyetsova, Anzhela, Nataliia Misiats, and Olha Klishchuk. "The equilibrium model of demand and supply at the Ukrainian Interbank Foreign Exchange Market: disclosure of problematic aspects." Banks and Bank Systems 12, no. 4 (2017): 31–43. http://dx.doi.org/10.21511/bbs.12(4).2017.03.

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This article is devoted to building of the equilibrium model between demand and supply on foreign currency at the Ukrainian Interbank Foreign Exchange Market (non-cash share). The authors discussed that appeared trade-offs are a product of established current foreign arrangement, administrative measures provided by the National Bank of Ukraine and range of fundamental variables, which are traditionally significant for Ukrainian economy. By means of FAVAR modeling model of demand and supply equlibrium on non-cash foreign currency was built on empirical data of Ukrainian Interbank Foreign Exchan

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BOLLERSLEV, TIM, and IAN DOMOWITZ. "Trading Patterns and Prices in the Interbank Foreign Exchange Market." Journal of Finance 48, no. 4 (1993): 1421–43. http://dx.doi.org/10.1111/j.1540-6261.1993.tb04760.x.

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Bhowmik, Debesh. "Chinese Yuan Per SDR During Covid-19." Asia-Pacific Journal of Management and Technology 02, no. 02 (2021): 01–10. http://dx.doi.org/10.46977/apjmt.2021v02i02.001.

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In this paper, author seeks to explore the dominant determinants that would influence the behaviour of Yuan per SDR especially during the period of Covid-19 from 2020m1 to 2021m7 since Yuan enters into the SDR basket from October 2016.Author selected three dimensions such as dominant macro variables, exchange rates and important capital market indicators. The paper found that Yuan/US$ had great influence on Yuan per SDR rate, export, import and foreign exchange reserves which affected Yuan per SDR rate and market capitalization, number of listed companies, Shanghai Composite Index and interban

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Atoi, Ngozi V., and Chinedu G. Nwambeke. "Money and Foreign Exchange Markets Dynamics in Nigeria: A Multivariate GARCH Approach." Central Bank of Nigeria Journal of Applied Statistics 12, No. 1 (2021): 109–38. http://dx.doi.org/10.33429/cjas.12121.5/6.

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This study examines money market and foreign exchange market dynamics in Nigeria by estimating the dynamic correlation and volatility spillovers between Nigeria Naira/US Dollar Bureau De Change (BDC) exchange rate and interbank call rate with data from January 2007 to August 2019. The study employs a dynamic conditional correlation form of GARCH model (DCC-GARCH) to access the nature of correlation, while an unrestricted bivariate BEKK-GARCH (1, 1) form of multivariate GARCH model is utilized to investigate shocks and volatility spillover of the rates. The estimated DCC-GARCH (1, 1) reveals th

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Bessembinder, Hendrik. "Bid-ask spreads in the interbank foreign exchange markets." Journal of Financial Economics 35, no. 3 (1994): 317–48. http://dx.doi.org/10.1016/0304-405x(94)90036-1.

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Ahmed, KHATTAB, and SALMI Yahya. "Modeling Sources of Asymmetry in the Volatility of the Moroccan Dirham Exchange Rate." Applied Economics and Finance 8, no. 4 (2021): 31. http://dx.doi.org/10.11114/aef.v8i4.5232.

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The main objective of this paper is to study the sources of asymmetry in the volatility of the bilateral exchange rates of the Moroccan dirham (MAD), against the EUR and the USD using the asymmetric econometric models of the ARCH-GARCH family. An empirical analysis was conducted on daily central bank data from March 2003 to March 2021, with a sample size of 4575 observations. Central bank intervention in the foreign exchange (interbank) market was found to affect the asymmetry in the volatility of the bilateral EUR/MAD and USD/MAD exchange rates. Specifically, sales of foreign exchange reserve

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Roseline, Oliyide, Oluwayomi, Dr Ogbebor, Peter Ifeanyi, Dr. Akande, and Folorunso Ilesanmi. "Foreign Exchange Management Regime and Value of Shares Traded Ratio in Nigeria." International Journal of Economics, Business and Management Research 09, no. 04 (2025): 312–30. https://doi.org/10.51505/ijebmr.2025.9420.

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To stabilize the foreign exchange market, the Nigerian government implemented policies prioritizing essential forex demands, reducing volatility, and conserving reserves. Measures included restricting forex access for certain items, capping international ATM withdrawals, and limiting naira card usage abroad. Forex was allocated mainly for critical imports and travel allowances. Despite these steps, reserves continued to fall, leading to a shift to a flexible exchange rate regime in June 2016. This introduced new trading platforms, expanded forward contracts, and aimed to enhance exchange rate

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Vasilieva, E., A. Ponomarenko, and A. Porshakov. "Short-term Interest Rates and the State of Liquidity in the Russian Money Market under Conditions of the Global Financial Crisis." Voprosy Ekonomiki, no. 8 (August 20, 2009): 66–85. http://dx.doi.org/10.32609/0042-8736-2009-8-66-85.

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During recent years the Russian money market has undergone substantial changes. The period of abundant liquidity was followed by temporary contraction in the end of 2007 and then by rapid deterioration of liquidity conditions in the second half of 2008. This paper provides the analysis of these developments, their causes and consequences. We then proceed by constructing a comprehensive model of the overnight rate on rubles on the Moscow interbank market (MIACR). We use martingale hypothesis to analyze the process of market interest rate determination and identify the liquidity effect. For this

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Akhmetov, L. A., and M. A. Bulavina. "Russian economy: challenges and reaction." Entrepreneur’s Guide 18, no. 1 (2025): 81–92. https://doi.org/10.24182/2073-9885-2025-18-1-81-92.

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The article examines and analyzes the problems and dynamics of economic growth in 2024 under the influence of external and internal factors and conditions, the dynamics of the key interest rate and inflation, and ways to reduce the volatility of the Russian ruble. The new rules for calculating the official exchange rate of the Russian ruble against the dollar and euro, introduced on June 13, 2024, based on data from credit institutions based on the results of interbank conversion operations on the over–the–counter foreign exchange market, and the currency exchange rate calculation system chang

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Kasim, Oluwasinaayomi, Samson Ajayi, Olayide Omirin, and Adekunle Alabi. "The impact of foreign exchange rate on building materials and residential building construction cost in Nigeria (1999-2021)." Acta Structilia 30, no. 2 (2023): 61–93. https://doi.org/10.38140/as.v30i2.7523.

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Nigeria has a housing deficit of over 17.5 million. Over the years, the government has articulated several policies to encourage investment and development of the housing sector. However, the housing construction sector imports most of the building materials which is affected by the various government directives on foreign exchange policies, with significant impact on the cost of housing production. This study examined the impact of foreign exchange rates on the costs of residential building materials in Ibadan, with a view to proposing policy directives on the local production of building mat

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Sahrani, Nur Amaliah Nasir, and Lman Tauhid. "Konsep Nilai Tukar Uang Perspektif Ekonomi Islam." BALANCA : Jurnal Ekonomi dan Bisnis Islam 4, no. 2 (2023): 1–7. http://dx.doi.org/10.35905/balanca.v4i2.4702.

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This research discusses the transformation of the role of currencies in the context of the global economy and its impact on the Rupiah exchange rate. In the Islamic perspective, fiqh muamalah faces debates regarding currency trading, while Islamic economics emphasizes moral principles and social justice in resource ownership. The literature study outlines the concepts of exchange rates, foreign exchange transactions, and the basics of Islamic economics. The method in this research uses library research, which is a method of collecting data by understanding and studying theories from various li

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Mohd Yusoff, Zetty Zahureen, Nik Rozila Nik Mohd Masdek, Adibah Alawiyah Osman, Ariq Syazwan Azahar, Norhusniyati Husin, and Zahirah Hamid Ghul. "The Determinants of Monetary Policy in Malaysia: Impact on Economic Activity." Information Management and Business Review 16, no. 3S(I)a (2024): 135–43. http://dx.doi.org/10.22610/imbr.v16i3s(i)a.4205.

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The overnight interbank rate is a key tool for central banks to influence economic activity and maintain financial stability. It represents the rate at which banks lend and borrow short-term funds from one another, often overnight, and plays a crucial role in monetary policy transmission. Changes in this rate can affect borrowing costs and credit availability, which in turn impacts consumption, investment, and economic activity. Bank Negara Malaysia (2021) highlights that overnight transactions in the interbank market operate alongside the Kuala Lumpur Interbank Offered Rate (KLIBOR). This stu

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Maigana, Alhaji Bakawu, Abdulkadir Ahmed, Usman Maitoro Shafiu, and Malik Abdulrahman. "Evaluation of Models for Forecasting Daily Foreign Exchange Rates Between Nigerian Naira and US Dollar Amidst Volatility." International Journal of Science and Business 4, no. 1 (2020): 95–105. https://doi.org/10.5281/zenodo.3601100.

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In her quest to put the nations’ foreign exchange policy in line with global practice, the Central Bank of Nigeria (CBN) in the mid of 2016 made a paradigm shift by unveiling flexible foreign exchange policy driven purely by market forces. Consequently, forecasting models reported during pegging policy era may be deeming obsolete. This paper proposed a prediction model for future daily selling exchange rate between Nigerian Naira and United States Dollar in the interbank market amidst volatility using daily rates made available by the Central Bank of Nigeria over the periods July, 2016 t

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Lu, Qinwen. "The Impact of Fed's Interest Rate Hike on RMB Exchange Rate: Based on Stepwise Regression Modelling." Highlights in Business, Economics and Management 28 (April 9, 2024): 210–15. http://dx.doi.org/10.54097/d5wz1t88.

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In the late stage of the epidemic, the Federal Reserve raised interest rates several times in a row in response to domestic inflation, which had a significant impact on the international financial environment, as exemplified by the fluctuation of the RMB exchange rate. Although several worldwide and domestic scholars have used various models to study the relationship between them, there are no studies that have used linear regression models t to clarify how the two are connected. This study uses stepwise regression on the basis of linear regression to establish an optimal model for studying RM

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OZSOZ, EMRE, MUSTAPHA AKINKUNMI, ISMAIL CAGRI AY, and ADEMOLA BAMIDELE. "HOW CBN CONFRONTED THE MELTDOWN: THE GLOBAL FINANCIAL CRISIS AND THE CENTRAL BANK OF NIGERIA’S RESPONSE." Singapore Economic Review 62, no. 01 (2017): 147–61. http://dx.doi.org/10.1142/s0217590817400070.

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This paper provides an analysis of policy responses to the Global Financial Crisis by the Central Bank of Nigeria (CBN). Given its unique position as a major commodity exporter with a large population, Nigerian authorities utilized a mixture of policies including reductions in the monetary policy rate and capital reserve requirement, lending through the expanded discount window, money market interbank transactions guaranty and limitations on deposit money banks’ (DMBs) foreign exchange net open positions. CBN also rolled over margin loans that were extended to equity investors. As a result the

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Shi, Junchi, and Maoguo Wu. "The Impact of Interbank Offered Rate on the Exchange Rate of the Chinese Yuan Renminbi Against the Sterling Pound: Evidence from Libor and Shibor." European Scientific Journal, ESJ 14, no. 22 (2018): 173. http://dx.doi.org/10.19044/esj.2018.v14n22p173.

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United Kingdom, as the world’s fifth largest economy, maintains good cooperation relation with China in the area of economy and trade. As the world’s fourth largest foreign exchange trading currency, the exchange rate fluctuation of the sterling pound has an important economic impact on the world’s foreign exchange market and it also has a significant impact on the trade with China. There are many factors that influence the exchange rate. By using time series approach, this paper analyzes the impact of two main variables, Libor and Shibor, and five common economy variables, inflation rate, int

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Bouazizi, Said. "The Determinants of the Expansion of the Exchange Rate on The Black Market in The Maghreb." Financial Markets, Institutions and Risks 4, no. 1 (2020): 32–39. http://dx.doi.org/10.21272/fmir.4(1).32-39.2020.

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The shadow economy has recently grown significantly in the overall national economy. In the Maghreb countries (Morocco, Algeria, Tunisia, Libya, Mauritania), the informal economy is the result of the introduction of a managed economy, which gradually forms the prerequisites for the emergence of a monetary deficit in these countries. Since the early 1990s, after the institutional changes in the market economy, a black currency exchange has taken a significant turn, which was accompanied by a large gap between the black market and official currency exchange. The relevance of this study is to det

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Lum, Yin-Fun, and Calvin A. McDonald. "Operational Issues Related to the Functioning of Interbank Foreign Exchange Markets in Selected African Countries." IMF Working Papers 94, no. 48 (1994): i. http://dx.doi.org/10.5089/9781451972290.001.

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Bidabad, Bijan, and Mahmoud Allahyarifard. "It-Based Usury Free Financial Innovations." American Finance & Banking Review 4, no. 1 (2019): 39–49. http://dx.doi.org/10.46281/amfbr.v4i1.289.

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Despite development and extension of different ways of financing in financial markets, encompassing Islamic and conventional financing, the mechanism of Electronic Funds Transfer (EFT) of project financing both as borrowed and non-borrowed methods has not been considered at most. Moreover overall IT infrastructures development namely Real Gross Settlement System (RTGS), Automatic Clearing House (ACH), Scriptless Security Settlement System (SSSS) and International Bank Account Number (IBAN) for authentication process and the international meta bank network of Single Euro Payment Area (SEPA) and

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Djukic, Djordje, and Malisa Djukic. "The global financial crisis and the behavior of short-term interest rates: International and Serbian aspects." Panoeconomicus 56, no. 4 (2009): 491–506. http://dx.doi.org/10.2298/pan0904491d.

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Throughout the current global financial crisis the market has continued to fall due to a lack of confidence of those banks that are not yet prepared to lend on the interbank money market. For instance, the negative repercussions of the crisis onto the Serbian financial sector have created a number of issues including a significant increase in lending rates, a difficulty, or impossibility, for the corporate sector to use cheap cross-border loans and a reduction in the supply of foreign exchange on that basis. The inability of the National Bank of Serbia to follow the aggressive reduction of the

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Blom, Herman Mørkved, Petter Eilif de Lange, and Morten Risstad. "Estimating Value-at-Risk in the EURUSD Currency Cross from Implied Volatilities Using Machine Learning Methods and Quantile Regression." Journal of Risk and Financial Management 16, no. 7 (2023): 312. http://dx.doi.org/10.3390/jrfm16070312.

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In this study, we propose a semiparametric, parsimonious value-at-risk forecasting model, based on quantile regression and machine learning methods, combined with readily available market prices of option contracts from the over-the-counter foreign exchange rate interbank market. We aim at improving existing methods for VaR prediction of currency investments using machine learning. We employ two different methods, i.e., ensemble methods and neural networks. Explanatory variables are implied volatilities with plausible economic interpretation. The forward-looking nature of the model, achieved b

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Lemonjava, Givi. "TIME SERIES MODELS FOR FORECASTING EXCHANGE RATES." Globalization and Business 4, no. 8 (2019): 149–60. http://dx.doi.org/10.35945/gb.2019.08.020.

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This paper investigates the behavior of daily exchange rate of the Georgian Currency LARI (GEL) exchange rate against the USDand EUR. To forecast exchange rates there are numerous models, which tend from very simple to very complicated models for analysis of GEL/USD and GEL/EUR time series variable. The objective of this paper is to com- pare the performance of individual time series models for predictingexchange rates. We will investigate the application of following time series analysis models: moving average, ex- ponential smoothing, double exponential smoothing adjust- ed for trend, time-s

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Prymostka, Liudmyla, Іryna Krasnova, Ganna Kulish, Andrii Nikitin, and Valentyna Shevaldina. "Modeling the segment interactions of Ukraine’s financial market." Investment Management and Financial Innovations 17, no. 2 (2020): 101–12. http://dx.doi.org/10.21511/imfi.17(2).2020.09.

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This study is devoted to assessing the level of individual segments interconnectedness within the financial market of Ukraine (FMU) and their dynamics in uncertain conditions. The methodology of the systematic approach is used to investigate the dynamic relationship between individual segments of the financial market of Ukraine, namely credit (deposit-credit) market, stock market (market of securities), government securities market, currency market, and interbank market. The study of financial market dynamics focuses on the description of the price indicators of individual market segments, whi

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Mverecha, Joseph. "The Demand for Real Money Balances in Zimbabwe: An Error Correction Estimation." American Journal of Economics 8, no. 3 (2024): 36–55. http://dx.doi.org/10.47672/aje.2195.

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Purpose: The purpose of the study is to examine the stability of the money demand function in Zimbabwe. Understanding, the money demand function is a prerequisite for effective monetary policy formulation and understanding the monetary transmission process and shocks propagation in the economy. Materials and Methods: The study employs the error correction modeling methodology to investigate the money demand function for Zimbabwe using quarterly data from 2017q2 – 2023q2. The analysis is expanded to characterize the monetary transmission mechanism following a shock to the price level and how th

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Chen, Yifu. "Navigating the Financial Landscape in China under Reverse Globalization: Challenges and Strategies." Highlights in Business, Economics and Management 45 (December 24, 2024): 48–54. https://doi.org/10.54097/bhbk3093.

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This paper extensively conducts an extensive exploration of the ramifications of reverse globalization on China's financial sector. At first, the paper focuses on international trade flows, selects three trade orientations, that are China and US, China and ASEAN, China and the belt and road to analyse the condition of Chinese economy oversea. Then, by leveraging financial indicators such as the Renminbi exchange rate and the Shanghai Interbank Offered Rate, etc., the study scrutinizes the repercussions, pertinent financial metrics, and the formulation of macroeconomic policies in the context o

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Hilliard, Jimmy E., and Alan L. Tucker. "A note on weekday, intraday, and overnight patterns in the interbank foreign exchange and listed currency options markets." Journal of Banking & Finance 16, no. 6 (1992): 1159–71. http://dx.doi.org/10.1016/0378-4266(92)90064-7.

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Proskunov, Sergei S., Vladimir V. Volkov, Igor A. Kokorev, Vladimir V. Velikorossov, and Xin Cheng. "CROSS-BORDER INTERBANK PAYMENT SYSTEM (CUPS) AND ITS ROLE IN THE PROCESS OF INTERNATIONALIZATION OF THE NATIONAL CURRENCY SYSTEM OF THE YUAN." EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA 10/2, no. 130 (2022): 116–25. http://dx.doi.org/10.36871/ek.up.p.r.2022.10.02.009.

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Since the beginning of the global financial crisis of 2008-2009, which highlighted the weakness of the international monetary system due to its complete dependence on the US dollar as the main world currency, the leadership of the People’s Republic of China, like many other states, felt its dependence and, taking advantage of the situation, used the full potential of opportunities and efforts to raise the status of the yuan to the level of the international reserve currency currencies and put an end to the dominance of the dollar. The PRC’s efforts were aimed at promoting the yuan in internati

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Serbina, Ekaterina M. "Main Trends in the Chinese Banks` Activities in Russia at the Beginning of the 14th Five-Year Plan." Problemy Dalnego Vostoka, no. 3 (December 15, 2024): 56–68. http://dx.doi.org/10.31857/s0131281224030043.

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The article analyzes the Chinese banks` activities in Russia in the first years of the 14th Five-Year Plan (2021–2025). Four subsidiaries of state-owned commercial banks (ICBC, Bank of China, Agricultural Bank of China, China Construction Bank), and two representative offices of China Development Bank and Export-Import Bank of China respectively, operate in the Russian market. The banks provide a full range of banking products and services primarily to companies doing business with China, including lending, accounts opening and maintaining, foreign exchange and financial transactions, and lett

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Naser, N. "The Interaction between Profitability and Macroeconomic Factors for Future Examinations of European Banks Soundness – Theoretical Study." Financial Markets, Institutions and Risks 3, no. 3 (2019): 63–97. http://dx.doi.org/10.21272/fmir.3(3).63-97.2019.

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Any weakness in the financial institution is subject to the contagion mechanism. As result, the whole financial system will experience unpredictable financial risks and possible crisis, such as to a systemically relevant institution (e.g. Lehman Brothers’ default, 2008’s financial crises and Asian financial crises). The contagion mechanism (Quagliariello, M., 2009 [1] (Trapanese, M.) is a crucial element in the assessment of the cross-border dimension. The direct cross-border contagion risks (idiosyncratic risks) are: risks related to cross-border interbank links; money markets and cross-borde

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Amjad Chaudhry, Shahid. "Pakistan 2011: Policy Measures for the Economic Challenges Ahead." LAHORE JOURNAL OF ECONOMICS 16, Special Edition (2011): 1–12. http://dx.doi.org/10.35536/lje.2011.v16.isp.a1.

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Pakistan faces economic challenges in the summer of 2011 with regard to its balance of payments and its public finances, resulting primarily from the suspension of an ongoing International Monetary Fund (IMF) program, the associated cessation of program lending by other multilateral financial institutions, and the termination of the US’s cash logistics support. This paper argues that these challenges can be met without resorting to a new program with the IMF. The policy measures recommended with regard to the balance of payments are: (i) to allow the orderly depreciation of the exchange rate i

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Garaeva, M. I. "Trends of development of Azerbaijan’s banking sector." Economics and Management 29, no. 7 (2023): 859–66. http://dx.doi.org/10.35854/1998-1627-2023-7-859-866.

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Aim. To identify new trends in the development of the banking sector of Azerbaijan, one of the key links in the national economy of the country, based on the analysis of its condition in the last five years.Tasks. To analyse the mandate of the Central Bank of Azerbaijan (CBA), the structure of the country’s banking market, the level of banks’ capitalisation; to sum up the results of the analysis; to formulate proposals for improving the situation.Methods. The study relies on a systematic approach to solving the set tasks. The article presents different points of view of authors and analysts re

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Subedi, Phul Prasad, and Prakash Chaulagain. "Effect of Open Market Operation on Short-Terms Interest." PYC Nepal Journal of Management 15, no. 1 (2022): 28–43. http://dx.doi.org/10.3126/pycnjm.v15i1.56351.

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This study attempts to analyze the effect of repos and reverse repo under open market operations on interbank rates over the time span of 19 years from August 2002 to August 2021. Interbank transaction amount and Treasury bill rate are used as independent variables. Whereas, net liquidity, credit to core capital plus deposit (CCD) ratio, and exchange rate are used as the control variables. The study is based on time series data collected from the official website of Nepal Rastra Bank. Moreover, statistical tools such as correlation and time series regression have been applied to analyze the da

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Yanti, Nursantri. "Pengaruh SBI, SBIS, Inflasi dan Nilai Tukar Rupiah Terhadap Transaksi Pasar Uang Antar Bank Syariah." AT-TAWASSUTH: Jurnal Ekonomi Islam 3, no. 1 (2018): 120. http://dx.doi.org/10.30821/ajei.v3i1.1699.

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This research aims to determine how much influence SBI, SBIS, Inflation and Exchange Rate to Interbank Islamic Money Market from January 2010 to June 2015. This quantitative research using the analysis of Vector Auto Regressive helped by Eviews version 8. From the results conducted at alpha 5%, the results of VAR analysis Decomposition Variance test showed that the variables SBI, SBIS, Inflation and Exchange Rate affect the Interbank Islamic Money Market. In the short term or the beginning of the observation period SBIS has the most dominant influence among other variables againts Interbank Is

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Grundmann, Stefan, and Nikolai Badenhoop. "Foreign Currency Loans and the Foundations of European Contract Law – A Case for Financial and Contractual Crisis?" European Review of Contract Law 19, no. 1 (2023): 1–36. http://dx.doi.org/10.1515/ercl-2023-2002.

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Abstract Loans with variable interest rates indexed to foreign currencies carry a double risk for borrowers: a rise of interest rates and an adverse development in the exchange rate. While they therefore could have been forbidden for consumer credit, they are allowed both at EU and (most) national levels. Consumer credit arrangements indexed to foreign currencies that were legal in principle have raised enormous problems when they occurred in large numbers in Eastern and Central European countries and reference was not directly written into the terms (like in Romania), but could change with ad

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Abdullahi, Abdulganiy. "Modelling Volatility Persistence and Asymmetry of Naira-Yuan Exchange Rate." International Journal of Development Mathematics (IJDM) 2, no. 2 (2025): 328–44. https://doi.org/10.62054/ijdm/0202.19.

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This study investigates the impact of the Naira-Yuan Swap agreement on the stability, volatility, and potential symmetry and asymmetry of the Naira-Yuan/Renminbi exchange rate in the interbank market (Selling Rate) using daily data from January 2015 to November 2024. We employ the Augmented Dickey-Fuller (ADF) test and various asymmetric conditional volatility models, including Autoregressive Conditional Heteroscedasticity (ARCH), Generalized Autoregressive Conditional Heteroscedasticity (GARCH), GJR-GARCH, APARCH, and PARCH, to estimate the instability and variations in exchange rates across

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Hendratri, Bhaswarendra Guntur. "Pasar Uang Antarbank Dengan Prinsip Syariah." JES (Jurnal Ekonomi Syariah) 1, no. 2 (2017): 266–74. http://dx.doi.org/10.30736/jes.v1i2.20.

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Islamic banking development that is increasingly requires the development of Islamic banking products, which are used to meet the needs and demands of its customers. Islamic banking can overcome or manage their liquidity in an Islamic way, both the sukuk and other types of investments, which certainly does not violate the Islamic sharia. The keys are used by banks in their liquidity management is the availability of primary and secondary reserves. In fulfillment of secondary reserve, bank can invest idle fund in Money Market. Islamic interbank money market is able to support smooth for Islamic

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Astari, Anindya, and Tri Wahyu Rejekiningsih. "Analysis of Determinants That Influence the Profitability of Conventional Banks in Indonesia." ARMADA : Jurnal Penelitian Multidisiplin 2, no. 3 (2024): 248–56. http://dx.doi.org/10.55681/armada.v2i3.1269.

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This research aims to examine the factors that influence the level of profitability in conventional banking in Indonesia in 2010-2019. This research uses Return on Assets (ROA) as a ratio to describe the level of profitability of commercial banks in Indonesia. The object of this research is conventional banking in Indonesia, with a research sample of 6 groups of conventional banks, namely Persero Banks, Foreign Exchange Private Banks, Non-Foreign Exchange Private Banks, Regional Development Banks (BPD), Joint Venture, and Foreign Banks. The analytical method used in this research is panel data

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Wahid, Zainora Ab, Norliza Che Yahya, Siti Norbaya Mohd Rashid, Muhammad Azizi Karim, and Amireza Mohd Khalid. "Macroeconomic Forces Affecting Islamic Performance Indices." Information Management and Business Review 16, no. 3S(I)a (2024): 979–90. http://dx.doi.org/10.22610/imbr.v16i3s(i)a.4185.

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This study aims to investigate the macroeconomic factors that impact the performance of Malaysia's Islamic stock market. This study looks at six independent variables that affect the performance of the Islamic stock market in Malaysia: the world oil price, inflation rate, Islamic interbank rate, money supply (M2), industrial activity index, inflation rate, Islamic interbank rate, exchange rate, and world oil price. The Department of Statistics Malaysia (DOSM), Bursa Malaysia, Bank Negara Malaysia, and Eikon Thomson Reuters were among the secondary data sources used in this study's quantitative

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Hayu Anindita, Anggayasti, and Zaafri Ananto Husodo. "DETERMINATION OF SIFIs (SYSTEMATICALLY IMPORTANT FINANCIAL INSTITUTIONS) AMONG INDONESIAN BANKS USING NETWORK ANALYSIS APPROACH." Journal of Indonesian Applied Economics 7, no. 2 (2017): 146–71. http://dx.doi.org/10.21776/ub.jiae.2017.007.02.3.

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This study aims to measuring systemic risks using network analysis method to obtain the SIFI rating of Indonesian banks. The author analyzes the systemic risk implied in the Indonesian interbank network during the period from 2011 through 2015 based on various network measures such degree centrality and betweenness centrality. The main findings are as follows: First, interconnectedness in the interbank market is increasing. However, a different condition was significantly found in 2013, where the interconnectedness in the interbank market went downwards compared to the previous year. Second, t

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Tannuri-Pianto, Maria. "Contagion in the Brazilian interbank currency exchange market: an empirical analysis." Estudos Econômicos (São Paulo) 36, no. 2 (2006): 251–62. http://dx.doi.org/10.1590/s0101-41612006000200003.

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The risk of contagion is the possibility that the failure of a financial institution affected by an exogenous shock generates the failure of other institutions not initially affected by the shock. As pointed out by Upper and Worms (2002) and others, the domino effect in the payment system depends on the precise pattern of interbank linkages. This paper studies the occurrence of financial contagion after the exogenous failure of an institution authorized to operate in the Brazilian interbank currency market. The data contain information about all the actual transactions that occurred in this ma

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Glassman, Debra. "The foreign exchange market." Journal of International Economics 30, no. 3-4 (1991): 385–87. http://dx.doi.org/10.1016/0022-1996(91)90031-z.

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Lee, Namhoon, Wonseok Choi, and Yuntaek Pae. "Market efficiency in foreign exchange market." Economics Letters 205 (August 2021): 109931. http://dx.doi.org/10.1016/j.econlet.2021.109931.

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Wu, Zhenyu, and Maoguo Wu. "The Impact of Financial Liquidity on the Exchange Rate of the Chinese Yuan Renminbi against the United States Dollar under Interest Rate Liberalization — Evidence from Shibor." International Journal of Economics and Finance 10, no. 5 (2018): 87. http://dx.doi.org/10.5539/ijef.v10n5p87.

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Financial liquidity is one of the most important factors that affects China’s currency market along with other macroeconomic factors. Shanghai Interbank Offered Rate (Shibor) is the quantitative indicator of the financial liquidity of China’s capital market. China has been continuously promoting the marketization of interest rates. The interbank market, as a resource of money supply, is significantly affected by this process. This paper empirically investigates the relationship between Shibor and the onshore renminbi-dollar exchange rate utilizing data from October 2006 to January 2015. Furthe

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Nicholas Devlin Wijaya Damanik and M.Taufiq. "Pengaruh Pertumbuhan Ekonomi, Suku Bunga SIBOR, dan Kurs Mata Uang terhadap Investasi Asing Langsung di Indonesia Tahun 2008-2022." Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah 6, no. 6 (2024): 4152–61. http://dx.doi.org/10.47467/alkharaj.v6i6.1558.

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Foreign investment plays a very important role in the economic growth of a country, especially in developing countries in the current era of globalization. Economic growth, SIBOR (Singapore Interbank Offer Rate), and currency exchange rates are considered to have an influence in determining the level of foreign direct investment. This study aims to determine the significance of the influence of economic growth, SIBOR interest rates, and currency exchange rates on foreign direct investment in Indonesia in the period 2008-2022. By using quantitative analysis method, namely multiple linear regres

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Polovina, Nereida, and Ken Peasnell. "The effects of different modes of foreign bank entry in the Turkish banking sector during the 2007–2009 Global financial crisis." Quantitative Finance and Economics 7, no. 1 (2023): 19–49. http://dx.doi.org/10.3934/qfe.2023002.

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<abstract> <p>This paper provides insights on how foreign bank entry modes (acquisition vs. greenfield investment) in an emerging market (Turkey) influenced bank strategies during the 2007–2009 global financial crisis. Using a comprehensive dataset comprising twenty-nine accounting variables from Turkish banks' financial statements during 2005–2010, we find important differences between foreign-acquired banks and foreign bank branches in lending and sourcing funds. We find that foreign bank branches continued to support international trade by issuing import loans during 2007–2009 g

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