The relationship between oil prices, the stock market and the exchange rate: Evidence from Mexico

2018 ◽  
Vol 45 ◽  
pp. 266-275 ◽  
Author(s):  
Nancy Areli Bermudez Delgado ◽  
Estefanía Bermudez Delgado ◽  
Eduardo Saucedo
Keyword(s):  
Exchange Rate ◽  
Stock Market ◽  
Oil Prices ◽  
The Exchange Rate ◽  
The Relationship

scholarly journals PENGARUH HARGA MINYAK DUNIA TERHADAP PERTUMBUHAN EKONOMI DI INDONESIA (MODERASI VARIABEL MONETER)

2020 ◽  
Vol 2 (3) ◽  
Author(s):  
Wilda Novita Sari ◽  
Ariusni Ariusni
Keyword(s):  
Economic Growth ◽  
Regression Analysis ◽  
Exchange Rate ◽  
Data Analysis ◽  
Secondary Data ◽  
Oil Prices ◽  
Analysis Tool ◽  
Data Analysis Tool ◽  
The Exchange Rate ◽  
The Relationship

Abstract: The purpose of this research is to be able to determine the effect of world oil prices on economic growth in Indonesia by applying the exchange rate moderating variable and the BI rate as a connecting variable. Descriptive and associative research is a type of research that is used with data collection techniques through a trusted official agency website that is classified in the quarterly time series secondary data. The data year in this study was from 2006 to 2018. Data analysis was carried out through descriptive and inductive analysis with a Moderated Regression Analysis (MRA) data analysis tool accompanied by a classic assumption test and a t test. Estimation results show that there are two research results; firstly, that the exchange rate has an effect on moderating the relationship between world oil prices and economic growth in Indonesia, secondly, that the BI rate has no influence connecting world oil prices and economic growth in Indonesia. Keywords: World oil prices, economic growth, exchange rates, BI rate, Moderated Regression Analysis (MRA).

scholarly journals The relationship between macroeconomic factors and stock market volatility: empirical evidence from the Vietnam stock market

2013 ◽  
Vol 16 (3) ◽  
pp. 86-100
Author(s):  
Kieu Minh Nguyen ◽  
Diep Van Nguyen
Keyword(s):  
Exchange Rate ◽  
Stock Market ◽  
Money Supply ◽  
Stock Price ◽  
Price Index ◽  
Macroeconomic Factors ◽  
Stock Price Index ◽  
The Exchange Rate ◽  
The Relationship

The main target of this study is to measure the relationship of macroeconomic factors to the volatility of the stock market in Vietnam (through stock price VN-index). There are four factors including the consumer price index (measure of inflation), the exchange rate of USD/VND and money supply M2. Research shows that the stock price VN-Index has a positive relationship with the money supply M2 and the domestic gold price in long term. On the contrary, it has a negative relationship with the inflation while it does not have any connection to the exchange rate and stock price index. In short term, the current stock price index has proportional to the stock price index last month and inversely proportional to the exchange rate. The estimated speed of adjustment indicates that the Vietnam stock market converges to the equilibrium about 8 months (adjusted approximately 13.04% per month) to reach equilibrium in the long term.

scholarly journals Oil Price and Exchange Rate Nexus-Evidence From Nigeria

2019 ◽  
Vol 9 (1) ◽  
pp. 298 ◽  
Author(s):  
Dauda Mohammed ◽  
J. Udoma Afangideh ◽  
Oloruntoba S. Ogundele
Keyword(s):  
Exchange Rate ◽  
Crude Oil ◽  
Causal Effect ◽  
Oil Prices ◽  
Oil Price ◽  
Upward Movement ◽  
Oil Market ◽  
Daily Data ◽  
The Exchange Rate ◽  
The Relationship

Price swings at international crude oil market significantly impact on macroeconomic fundamentals of oil dependent countries. Hence, understanding the relationship between oil price movement and the exchange rate has become imperative especially for oil exporting countries. This paper examines the causal effect between oil prices and Nigerian naira–US dollar exchange rate using frequency daily data for the period 12/07/2010-31/08/2017. Generalized autoregressive conditional heteroskedasticity (GARCH) and exponential GARCH (EGARCH) models were used to estimate our oil prices and nominal naira exchange rate equation. Our findings reveal a positive relation between oil price and naira exchange rate meaning that an upward movement in the price of oil causes the naira to depreciate. Conversely, any fall in oil price leads to appreciation in the value of the naira. The result has important policy implication given that 90% of the total annual foreign revenue of Nigeria comes from oil thus oil price shocks have severe impact on the Nigerian economy. This justifies the need for Nigeria’s economic diversification to minimize the vulnerability of the Nigerian economy to vagaries of the international crude oil market and to delink the exchange rate and reserve movement from developments in oil prices.

scholarly journals MENGKAJI PERUBAHAN NILAI TUKAR RUPIAH DAN PASAR SAHAM

2008 ◽  
Vol 10 (4) ◽  
Author(s):  
Untoro Untoro ◽  
Priyo R. Widodo
Keyword(s):  
Exchange Rate ◽  
Stock Market ◽  
Stock Index ◽  
Stock Market Index ◽  
Vector Autoregressive ◽  
Market Index ◽  
Daily Data ◽  
Exchange Rate Movements ◽  
The Exchange Rate ◽  
The Relationship

This paper analyzes the relationship between the Exchange rate and the stock market in Jakarta, Singapore, Malaysia, Thailand, Philippine and Hongkong using a high frequency data. We applied the Vector Autoregressive method on the daily data covering 1 July 1997 to 30 June 2006.The analysis provides several results as follows: (i) the exchange rate movements is influenced by the regional and the Hongkong stock market index, except Thailand, (ii) Jakarta stock market index is influenced by the regional stock market except Thailand, (iii) the Rupiah rate influence the regional and Hongkong stock index, (iv) the Jakarta's stock market index is integrated to the regional stock market index. These results may be a usefull as an additional guidance to evaluate the Rupiah's exchange rate and the regional stock market movement in general.JEL Classification: C32, F31, G15                 Keywords: Stock, Vector Autoregressive, exchange rate.

Determinants of Workers’ Remittances in Nepal: An Empirical Study

2021 ◽  
Vol 3 (1) ◽  
pp. 126-140
Author(s):  
Naw Raj Bhatt ◽  
Melina Kharel
Keyword(s):  
Exchange Rate ◽  
Poverty Eradication ◽  
Exogenous Variables ◽  
Long Run ◽  
Ardl Approach ◽  
Short Run ◽  
Us Dollar ◽  
The Exchange Rate ◽  
External Sector ◽  
The Relationship

Background: Remittance has a crucial role in external sector stability, poverty eradication, and social as well as the human development of developing countries like Nepal. The determinants of remittance are widely discussed in the existing works of literature from altruism and portfolio approaches. Since the share of remittance in the current account, current transfer income, and forex reserve is significantly high, the study of major determinants of increasing remittance inflow is necessary. In this regard, this paper examines the relationship between remittance inflow, exchange rate, and workers outflow in Nepal. Objective: The main objective of this study was to examine the effect of the exchange rate and workers outflow on the remittance inflow of Nepal. Methods: This study employs the ARDL approach to co-integration to examine the relationship between remittance inflow as an endogenous variable and exchange rate and workers outflow as exogenous variables. Results: The coefficients of the exchange rate and workers outflow are significant and positive in long run as well as in the short-run whereas coefficients of the first lag value of workers outflow and remittance inflow itself are significant but negative. Conclusion: The significant and positive coefficient of exchange rate indicates that depreciation of Nepalese currency with US dollar (or rise in the exchange rate) rises the remittance inflow. Further, the remittance inflow also increases with an increase in workers outflow. The effect of the exchange rate on remittance is greater than that of workers outflow in both the long-run and short-run.

scholarly journals ANALISIS FAKTOR EKSPOR KENDARAAN CBU RODA EMPAT DAN ENAM DI INDONESIA TAHUN 2015 – 2019

2021 ◽  
pp. 1107
Author(s):  
I Putu Sanpala Dharma Mahendra ◽  
Anak Agung Bagus Putu Widanta
Keyword(s):  
Exchange Rate ◽  
Government Policy ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Oil Prices ◽  
Multiple Linear Regression Analysis ◽  
Industrial Sector ◽  
Government Policies ◽  
Analysis Technique ◽  
The Exchange Rate

The industrial sector can develop with government policies and trade between countries. Industrialization plays an important role in improving the quality of human resources and optimally utilizing natural and other resources. To analyze the effect of government policies partially on exports of four- and six-wheeled CBU vehicles in Indonesia from 2015 to 2019. The purpose of this study is to analyze the effect of the rupiah exchange rate against the US dollar partially and simultaneously on exports of four and six-wheel CBU vehicles in Indonesia in 2015. 2015 to 2019. The type of data used is quantitative data, with the data source being secondary data. The analysis technique used in this study uses multiple linear regression analysis techniques. The results of this study indicate that simultaneously government policy variables, exchange rates, and world oil prices have a significant effect on the value of Indonesia's CBU exports in 2014-2019, and partially government policy variables and world oil prices have a positive and significant effect on Indonesia's CBU exports. While the exchange rate variable has a negative and significant effect on Indonesian CBU. This means that if the exchange rate of the rupiah against the dollar increases or the strengthening of the value of the dollar against the rupiah will cause a decrease in the price of exported goods, the value of export goods will also decrease.

scholarly journals Volatility Spillover of the Exchange Rate and the Global Economy on Iran Stock Market

2020 ◽  
Vol 15 (3) ◽  
pp. 343-356
Author(s):  
Ahmad Gholami ◽  
Ehsan Salimi Soderjani ◽  
◽  
Keyword(s):  
Exchange Rate ◽  
Stock Market ◽  
Global Economy ◽  
Volatility Spillover ◽  
The Exchange Rate
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