measuring exposure to exchange rate fluctuations

... components of corporate social responsibility including: social responsibility toward society, social responsibility toward the natural environment, social responsibility toward customers, social ... finance, customers, internal processes and development learning It builds the basis for turning business strategy content into execution terms In addition to the two direct impact factors mentioned ... same factor) and “Distinctive value” (observed variables that belong to one factor are distinguished from another) Table 3 Results of analysis EFA factor coefficient extracted Load factor coefficient

Ngày tải lên: 26/05/2020, 23:13

... nominal exchange rate, the Mexican stock market index, and the consumer price index are all included into a Vector Autoregressive Model (VAR) The results indicated that the exchange rate has ... of exchange rate fluctuations on stock market returns in Colombo, Perera K (2016) using the daily market value of the Stock Price Index (ASPI of the Colombo Stock Exchange) (CSE and daily exchange ... relationship between the exchange rate and stock price Another valued study by Ma & Kao (1990) examines stock price responses to exchange rate changes under the floating interest rate regime The article

Ngày tải lên: 07/11/2024, 12:54

... 1.1 Real exchange rate of Egypt -. . - SH nh nu nnn 1.2 Real exchange rate Of Ïndia - - - - - - - Ăn SH n1 1.3 Real exchange rate of MexICO - - Son Hs HH nen 1.4 Real exchange rate of ... 1.5 Real exchange rate of PakIstan - - - n1 ng 1.6 Real exchange rate of the PiÏippines -.-. -. QSSSsns* 1.7 Real exchange rate of the South A fca - - - HQ 1.8 Real exchange rate of the ... not consider exchange rate regime changes, the best way to test for the long run purchasing power parity is to examine whether the real exchange rate is a stationary (mean reverting) stochastic

Ngày tải lên: 18/02/2014, 11:20

... E52, F41 Key words: exchange rate pass-through, smooth transition regression models, emerging markets I Introduction The extent to which exchange rate changes are transmitted into prices is of utmost ... accepted September 2010 We argue that, theoretically, exchange rate pass-through (ERPT) into consumer prices may be nonlinear in contrast to standard linear estimates found in the literature ERPT ... is the exchange rate change, and ε is an error term The transition variables used as measures of macroeconomic instability are the real interest rate differentials (rids) with respect to the

Ngày tải lên: 04/07/2017, 08:35

... inflation rate started to increase at faster rate than the rate of exchange rate depreciation, thus the nominal effective exchange rate and real effective exchange rate started to separate Vietnam ... Response to exchange rate of foreign price index 25 Figure 6: Response to exchange rate of import price index 26 Figure 7: Response to exchange rate of consumer price index 27 Figure 8: Response to ... Response to exchange rate of foreign price index 24 5.4.2 Response to exchange rate of import price index 25 Trang 45.4.3 Response to exchange rate of consumer price index 26 • 5.4.4 Response to

Ngày tải lên: 22/08/2017, 19:57

... Corporate Customer Division 1 Corporate Customer Division 2 Individual Customer Division 1 Individual Customer Division 2 Corporate Customer Division 4Corporate Customer Division 5 Corporate Customer ... investigated customers' perceptions of the bank’s products and services in order to limit exchange rate risks for customers including: Diversity of exchange rate risk preventive tools; Exchange rate risk ... enterprises will select appropriate exchange rate risk preventive tools to ensure that the losses due to exchange rate risk are minimized Accordingly, the exchange rate risk tools provided by banks will

Ngày tải lên: 20/01/2019, 21:09

... of exchange rates, such as future money growth and future real income growth With weak effi ciency, today’s spot exchange-rate would be the best predictor of future spot rates and exchange rate ... explanation of exchange rates or foreign-exchange reserves, but with other aspects of the exchange-rate system Chapter 5 discusses the policies which are required either to maintain fi xed exchange rates ... in foreign exchange with respect to the exchange rate εf foreign price elasticity of demand for imports εIm elasticity of import value in foreign exchange with respect to the exchange rate εt elasticity

Ngày tải lên: 06/01/2020, 10:13

... between factors such as exchange rate and interest rate, or exchange rate and growth, or exchange rate and inflation …etc This study examines the impact of exchange rates on macroeconomic factors by ... Trang 11Real Exchange rate USD/VND LNRUSDVND00 Calculating by the ratio of annual exchange rate with base exchange rate (1st quarter exchange rate– 2000),then log IFS Nominal Exchange rate USD/VND ... of CNY/USD exchange rate to USD/VND exchange rate The macroeconomic indicators of Vietnam in 2015 have supported the SBV to ensure its commitment not to adjust the USD / VND exchange rate by more

Ngày tải lên: 08/01/2020, 16:28

... Inflation and Exchange Rate This research also want to explore effect Inflation and Exchange rate to equity fund As mentioned above, this research added inflation and exchange rate variable to Henrikson ... macro-variable to equity fund performance This research want to explore market timing but also want to explore the inflation and exchange rate variable to the equity fund performance Inflation and exchange ... Momentum factor which is a strategies which buy stocks that have performed well in the past and sell stocks that have performed poorly in the past generate significant positive returns over 3- to 12-month

Ngày tải lên: 01/02/2020, 21:52

... between factors such as exchange rate and interest rate, or exchange rate and growth, or exchange rate and inflation …etc This study examines the impact of exchange rates on macroeconomic factors by ... Trang 11Real Exchange rate USD/VND LNRUSDVND00 Calculating by the ratio of annual exchange rate with base exchange rate (1st quarter exchange rate– 2000),then log IFS Nominal Exchange rate USD/VND ... of CNY/USD exchange rate to USD/VND exchange rate The macroeconomic indicators of Vietnam in 2015 have supported the SBV to ensure its commitment not to adjust the USD / VND exchange rate by more

Ngày tải lên: 14/02/2020, 08:38

... housing prices and exchange rateexpectations This section expands on the literature range to exchange rate inaddition to exchange rate expectations Previous literature can be divided intothree categories: ... chooses to protect the RMB exchange rate, PBOC needs to raiseinterest rates but housing prices will decline due to increased financing costs If itchooses to protect housing prices, PBOC needs to reduce ... that exchange rate appreciation raises housing prices Zhu et al (2010)incorporate the exchange rate, its expectation, and asset prices into the IS-LM-BPmodel and conclude that the exchange rate

Ngày tải lên: 11/07/2020, 03:42

... section to CJK exchange rate issues, keeping this lesson in mind V Exchange rates and agricultural sector real effective exchange rate issues for CJK 1 Definitions Exchange rates are going to matter ... attention to issues related to exchange rates We use exchange rates between CJK currencies in two different contexts: to retrospectively assess the responsiveness of regional agricultural trade to exchange ... USD France to GI Germany to FI Italy to FG France to GI Germany to FI Italy to FG Share of total ―FGI‖ exports accounted for by each country in 1990 (%) Value added to GDP in 1990

Ngày tải lên: 21/01/2021, 05:34

... 1Long-term exposure to space ’s microgravity alters the time structure of heart ratevariability of astronauts Kuniaki Otsukaa,b,*, Germaine Cornelissenb, Satoshi Furukawac, Yutaka Kubod,Mitsutoshi ... stillpoorly understood in humans When faced with a new environment, humans must first acclimate to it in order tosurvive This includes the cardiovascular system Adjustment to the newenvironment to improve ... is critical to ascertain that the regulatory system can functionwell in a microgravity environment.The power-law fractal scaling of heart rate variability (HRV) relates to the autonomic[15],

Ngày tải lên: 04/12/2022, 15:07

... banks’ exposure to interest rate risk to derive the following statements about their exposure to this risk and their earnings from term transformation The systematic factor for the exposure to interest ... bank’s interest rate exposure to the interest rate risk exposure of the bond portfolio, i.e ki (t) = BV Pi (t) BV PS (11) If the same exposure to interest rate risk translates into the same earnings ... between the systematic factor of the exposure to interest rate risk and the shape of the term structure? (ii) What factors determine (at bank level) the exposure to interest rate risk? (iii) How profitable...

Ngày tải lên: 16/02/2014, 06:20

... growing numbers of bank customers are requesting loan rates indexed to broad market rates such as the London interbank offered rate (LIBOR) rather than to the prime lending rates that banks can more ... Exposure to Interest Rate Risk value changes To measure interest rate risk, the model estimates fair values under prevailing interest rates (base case) and at alternatively higher and lower rate ... many banks may feel pressured to offer more attractive rates However, the amount by which rates must increase to reverse the deposit outflow is difficult to judge To meet the recent rise in loan...

Ngày tải lên: 06/03/2014, 02:21

... reacts to exchange rate movements, the more volatile domestic output becomes Openness exposes an economy to foreign disturbances In our framework, however, responding to the exchange rate exacerbates ... consequently ask the question to what extent the four central banks in our sample in fact respond to exchange rates movements Do Central Banks Respond to Exchange Rates? We reestimate the model ... changes the responsive of the economy to interest rate changes, while exchange rate movements contain information on inflation Directly responding to exchange rate fluctuations may not be the optimal...

Ngày tải lên: 06/03/2014, 14:20

... focused on exposure to the traded-weighted exchange rate, it is interesting to ask whether exposure to the trade-weighted exchange rate differs from results using a bilateral rate To get at this ... between exchange rate exposure and other factors are reported in Section Section concludes Defining exchange rate exposure We follow the extensive literature on foreign exchange rate exposure ... risk and in many instances, appear to use derivatives to take open positions with respect to the exchange rate To be clear, persistent ex post exchange rate exposure should not be interpreted...

Ngày tải lên: 12/12/2013, 17:15

... the rates of return of common stocks of large US banking institutions to interest rate, exchange rate and market risk factors Consideration of exchange rates as a factor affecting bank stock ... can be used to describe the ex post nominal rate of return on stocks, R=E+SF+t, (1) where R is a vector of the nominal rate of stock returns at time t, E is a vector of expected stock returns ... interest rate variables while new results have been derived for the exchange rate variable We find that exchange rate innovations were significantly negatively related to bank stock returns prior to...

Ngày tải lên: 22/03/2014, 17:20

... credit risk exposure rather than interest rate and exchange rate risk exposures as such This paper examines how derivative transactions have affected the interest rate and exchange rate risk exposures ... rate and exchange rate betas as a function of firm-specific exposure variables Firm-specific variables are basic and derivative exposure variables with respect to interest rate and exchange rate ... (2) is in vector form, summarizing the sensitivity of stock returns with respect to both basic balance sheet and derivative off-balance sheet exposures to interest rate and exchange rate risk measures...

Ngày tải lên: 29/03/2014, 13:20

... risk: we gauge the exchange rate exposure of banks in terms of the sensitivity of the bank’s total value to changes in the exchange rate This allows us to appropriately incorporate the covariances ... linking the estimated exchange rate exposure to individual firm characteristics Our paper contributes to this literature in three ways First, we are able to discern exchange rate exposure among individual ... and Bodnar (1994) To examine exchange rate exposure and its link to existing accounting indicators, we first estimate the sensitivity of equity returns to changes in the exchange rate Section describes...

Ngày tải lên: 29/03/2014, 13:20