The Nature of the Shock Matters: Some Model-Based Results on the Macroeconomic Effects of Exchange Rate

2018 ◽  
pp. 233-247
Author(s):  
Sophie Haincourt
Keyword(s):  
Exchange Rate ◽  
Model Based ◽  
Macroeconomic Effects

scholarly journals ANALYSIS OF MACROECONOMIC EFFECTS ON THE YIELD OF CORPORATE BONDS IN INDONESIA

2020 ◽  
Vol 1 (3) ◽  
pp. 300-310
Author(s):  
Anastasia Sianturi ◽  
Pardomuan Sihombing
Keyword(s):  
Exchange Rate ◽  
Foreign Exchange ◽  
Corporate Bonds ◽  
Oil Price ◽  
Corporate Bond ◽  
Foreign Exchange Reserves ◽  
Monthly Data ◽  
Factors Affecting ◽  
Macroeconomic Effects ◽  
Positive Effect

This study aims to examine and obtain empirical evidence of the effects of inflation, BI rate, exchange rate, foreign exchange reserves and the oil price to yield corporate bonds in Indonesia. An increase in the number of issuers and corporate bond issuance value in Indonesia means that many companies are using and seek financing through the issuance of bonds. Several studies have been conducted, inconsistencies results of research on factors affecting yield corporate bonds in Indonesia. This study uses a quantitative approach to the type of associative causal research. Measurement of variables in this study using a time series analysis were processed using Eviews program 10. This research was conducted using monthly data within the period of 2015 to 2018. The results of this research that inflation positively affects yield corporate bonds. BI rate has a positive effect on the yield of corporate bonds. Exchange rate positive effect on the yield of corporate bonds. Foreign exchange reserves negatively affect yield corporate bonds. Oil price positive effect on the yield of corporate bonds.

scholarly journals The Macroeconomic Effects of Large Exchange Rate Appreciations

2011 ◽  
Author(s):  
Marcus Kappler ◽  
Helmut Reisen ◽  
Moritz Schularick ◽  
Edouard Turkisch
Keyword(s):  
Exchange Rate ◽  
Macroeconomic Effects

scholarly journals Econometric Model to Estimate Defaults on Payment in the Spanish Financial Sector in Oliver Wyman’s Stress Tests

2016 ◽  
Vol 3 (1) ◽  
pp. 24
Author(s):  
Salvador Climent-Serrano
Keyword(s):  
Exchange Rate ◽  
Historical Data ◽  
Econometric Model ◽  
Stock Exchange ◽  
Housing Prices ◽  
Financial Sector ◽  
Stress Tests ◽  
Economic Variables ◽  
Model Based ◽  
The Exchange Rate

This work develops an econometric model based on the exogenous economic variables used in Oliver Wyman´s report. In this case the model is used in order to estimate late payments (NPLs) by Spanish credit entities. A model based on variables considered to be optimal to quantify impact on the NPLs is developed by studying the aforementioned variables, modifying them and eliminating any which are superfluous. Furthermore, whether or not the model is optimal for long periods of time is corroborated. This is due to the fact that the scenario in Oliver Wyman´s report from September 2012 (Wyman 2012) is based on 30 years of Spanish economical historical data, as stated in the report itself. The results indicate the variables that have impact on defaults. The increase in housing prices, the Madrid Stock Exchange Index, the Exchange Rate the euro against USD. The Euribor 12 months and the industries Credit to other residents, decreases the delinquency. The NPLs also fell by transfers from riskier assets to SAREB. However, these results are different if the economy is growing or in recession. So the results will not be optimal but the appropriate model is employed.

Impact of Globalization on International Trade between ASEAN-5 and China: Opportunities and Challenges

2004 ◽  
Vol 4 (1) ◽  
pp. 1850015 ◽  
Author(s):  
Yunhua Liu ◽  
Hang Luo
Keyword(s):  
International Trade ◽  
Exchange Rate ◽  
Free Trade ◽  
Market Share ◽  
Free Trade Agreement ◽  
Trade Agreement ◽  
Model Based ◽  
Share Model ◽  
Primary Goods ◽  
The Impact

This paper evaluates the impact of China's WTO entry and the establishment of a free-trade agreement between China and ASEAN on the ASEAN-5 (Indonesia, Malaysia, Philippines, Singapore and Thailand). We examine the trade competition between the two regions using a market-share model and assess the impact of China's WTO entry on the ASEAN-5 with an exchange rate-tariff model, based on two-digit SITC data. It is found that for the period 1987 to 2000 the competition in trade only occurred between China and Singapore in manufacturing goods, while the competition between China and other four nations was in primary goods. The trade-widening opportunity between the two regions appears much larger than the competitive challenges for ASEAN-5 after the WTO entry of China and the establishment of FTA between ASEAN and China, impacts on different industries are evaluated.

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