EFFECT OF THE FOREIGN EXCHANGE MARKET ON THE STATE OF THE RUSSIAN ECONOMY AND INDUSTRIES ENERGY

EXCHANGE MARKET PRESSURE INDEX AS A MACROECONOMIC RISK MEASURING INSTRUMENT

Economy and sociology ◽

10.36004/nier.es.2020.1-01 ◽

2020 ◽

pp. 10-20

Keyword(s):

Economic Development ◽

International Trade ◽

Foreign Exchange ◽

Financial Stability ◽

Foreign Exchange Market ◽

The State ◽

Exchange Market ◽

Republic Of Moldova ◽

Pressure Index ◽

The Republic

The financial sector of the Republic of Moldova belongs to the developing ones and is characterized by a higher level of risk and, therefore, a higher likelihood of a systemic crisis. Globalization and development of advanced information technologies not only create great opportunities for rapid economic development, but also pose serious security threats to the economic development of states, especially in a developing economy. In these conditions, the issue of ensuring the financial stability of the state is becoming increasingly relevant. The state of the financial and foreign exchange market represents one of the most important aspects of the financial security of the state. This study has been developed as part of the scientific project 15.817.06.02A "Development of tools for measuring the financial stability of the state". The study analyzes various macrofinancial risk management tools. The purpose of this study was to calculate the pressure index on the foreign exchange market of both the Republic of Moldova and the main partner countries in terms of international trade. The results of related studies conducted by the authors of this work, which revealed that stability indicators in the foreign exchange market are associated with foreign trade risks served as an argument for the authors of the work to calculate the pressure index on the currency market of Romania and the Russian Federation for comparison with the indicators of the Republic of Moldova. Methods used in research include theoretical and comparative approaches, descriptive statistics and econometric models. The results of the research showed that international trade and the foreign exchange market are interdependent. The first can be considered a channel for transmitting the currency crisis, since demand increases with increasing imports, and this leads to increased pressure on the foreign exchange market. Increased exports reduce pressure on the foreign exchange market. But the greatest impact on the foreign exchange market in the Republic of Moldova is made by remittances from abroad, which are directly correlated with the dynamics of labor exports. At the same time, it was concluded that at present, due to macroprudential regulation, there are no linear dependencies in financial markets and, therefore, there are no correlations, but only the interdependence of variables.

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The influence of factors on the security management of the foreign exchange market in Ukraine

Management and Entrepreneurship in Ukraine: the stages of formation and problems of development ◽

10.23939/smeu2021.02.315 ◽

2021 ◽

Vol 2021 (2) ◽

pp. 315-327

Author(s):

Oksana Svatiuk ◽

Keyword(s):

Exchange Rate ◽

Foreign Exchange ◽

Foreign Exchange Market ◽

Exchange Rate Regime ◽

Security Management ◽

Economic Security ◽

The State ◽

Exchange Market ◽

State Management ◽

Floating Exchange Rate

The article analyzes the principles of development and security management of the foreign exchange market of Ukraine. Substantiates the influence of factors on the functioning of the foreign exchange market such as: improvement of the regulatory framework; monetary policy on the stabilization of the floating exchange rate regime; lending to the National Bank of Ukraine within the current 18-month stand-by program from the International Monetary Fund; replenishment of the market currency through the purchase and sale of government bonds; the influence of international and domestic factors on the liberalization of the foreign exchange market in Ukraine; receipt of a share of currency more than 10% of the population working abroad; restoring the confidence of individuals and entrepreneurs in the national currency. The structure and analysis of the process and dynamics of the foreign exchange market of Ukraine are characterized. The author evaluates the security management of currency regulation of the floating exchange rate regime, which directly affects the state of the foreign exchange market (Fig. 1). The state of exchange rate regulation and its impact on the foreign exchange market on the basis of personal observation during 2015-2021 are studied. The main advantage of this article is the clarification of the elements of the mechanism of currency regulation, which is due to the negative impact of a wide range of external and internal factors on the tools (Fig. 2). This mechanism is a powerful lever of state management of economic security and regulation of foreign exchange market liberalization in the context of a significant deterioration of the crisis situation in Ukraine in recent years. The main areas of security management of the mechanism of functioning of the foreign exchange market of Ukraine are the following. The first is optimization of the procedure of foreign exchange interventions of the NBU – schedule, parameters of interventions. This will increase the transparency and predictability of NBU operations in the foreign exchange market. NBU managers should abandon discriminatory approach to ensure all banks have equal access to interventions. The second is increasing of the digitization and disclosure of communication policies with actors. Its deterioration is due to negative comments addressed to banks regarding speculative actions on exchange rate formation, non-compliance with the requirements of the NBU in lending, security management and customer distrust. The third is strengthening of the reserve requirements for bank security management in order to reduce the excessive liquidity of the banking system.

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PECULIARITIES OF THE STATE'S ACTIVITY IN THE FOREIGN EXCHANGE MARKET OF UKRAINE

WORLD OF FINANCE ◽

10.35774/sf2021.02.023 ◽

2021 ◽

pp. 23-34

Author(s):

Ihor REKUNENKO ◽

Ruslana CHUKHNO

Keyword(s):

Foreign Exchange ◽

Foreign Exchange Market ◽

Inflation Targeting ◽

The State ◽

National Currency ◽

Exchange Market ◽

Economic Relations ◽

Official Exchange Rate ◽

Effective Activity ◽

National Bank

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 factors and problems that affect its condition. Results. This paper considers the peculiarities of the state's activity in the foreign exchange market, the regulator of which is the National Bank of Ukraine, which carries out operations in the foreign exchange market in order to stabilize the official exchange rate of the national currency. It was found that the introduction of the NBU inflation targeting regime and the introduction of flexible exchange rates allowed the state to reduce inflation and prevent the accumulation of imbalances in the economy. Conclusions. Based on the results of the study, it can be concluded that the state should help reduce negative external and internal factors by implementing an effective monetary policy, which should regulate foreign exchange activities aimed at accumulating Ukraine's gold and foreign exchange reserves, strengthening the national currency and stabilizing Ukraine's foreign economic relations with other countries. world.

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A Study On Technical Analysis With Reference To International Forex

Think India ◽

10.26643/think-india.v22i3.8470 ◽

2019 ◽

Vol 22 (3) ◽

pp. 1129-1144

Author(s):

Bichith C. Sekhar ◽

A. Umamaheswari

Keyword(s):

Foreign Exchange ◽

Abnormal Return ◽

Foreign Exchange Market ◽

Relative Strength ◽

Exchange Market ◽

Strength Index ◽

Technical Tool ◽

Alpha Beta ◽

Decentralized Market ◽

Currency Conversion

The foreign exchange market (Forex, FX, or currency market) is a global decentralized market for the trading of currencies. The foreign exchange market assists international trade and investments by enabling currency conversion. Our study is to test the technical tools to analyze about the technical impact and its return in the market. For this purpose 13 cross currency pairs were taken as sample size and Jensen’s Alpha, Beta, Relative Strength Index, and Buy and Hold Abnormal Return were used as technical tool for analysis and the conclusion is that it’s not preferred to invest in JPY pairs as the volatility and the return are not up to the mark and its preferred to invest in EURCAD as the return was high when compared to other scripts and the market was moving accordingly to its cross currency pair.

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