scholarly journals Impact of Fiscal Imbalance on Interest Rate in Sri Lanka

2016 ◽  
Vol 73 ◽  
pp. 24-28
Author(s):  
A.L.M. Aslam
Keyword(s):  
Interest Rate ◽  
Sri Lanka ◽  
Time Series Data ◽  
Percent Level ◽  
Series Data ◽  
Inflation Rates ◽  
Independent Variable ◽  
Fiscal Imbalance ◽  
The Interest Rate ◽  
The Impact

Interest rate is one of the primary tools in the monetary policy which moves the countries’ economy into positive or negative path. In the meantime, the fiscal imbalance keeps a bond on the interest rate of countries. Empirically, this study tested the impact of fiscal imbalance on the interest rate in Sri Lanka using the annual time series data from the period of 1959 to 2014. In this study, the fiscal imbalance was considered as the independent variable and the interest rate was used as the independent variable. While the money supply and the inflation rates were utilized as controlled variables. To test this impact, the multiple regressions model was employed. Based on the regression outcome, the fiscal imbalance positively maintained the relationship on the interest rate at one percent level.

scholarly journals Effectiveness and Forecasting of Interest Rate Reversal BI 7-Day Repo Rate in Indonesia: Lower Bound on Monetary Policy?

2018 ◽  
Vol 9 (1) ◽  
pp. 171-180
Author(s):  
I Gede Sanica ◽  
I Ketut Nurcita ◽  
I Made Mastra ◽  
Desak Made Sukarnasih
Keyword(s):  
Monetary Policy ◽  
Interest Rate ◽  
Time Series Data ◽  
Moving Average ◽  
Series Data ◽  
Autoregressive Integrated Moving Average ◽  
Implementation Of Monetary Policy ◽  
Repo Rate ◽  
The Right ◽  
The Impact

AbstractThis study aims to analyze effectivity and forecast of interest rate BI 7-Day Repo Rate as policy reference in the implementation of monetary policy. The method was used in this study contains Vector Autoregression (VAR) to estimate effectivity of BI 7-Day Repo Rate and Autoregressive Integrated Moving Average (ARIMA) to forecast of BI 7-Day Repo Rate. Period of observation in this study used time series data during 2016.4 until 2017.6. The result of this research shows that the transformation of the BI Rate to BI 7-Day Repo Rate is the right step in the monetary policy operation in the effort to reach deepening of the financial market and strengthen the interbank money market structure so that it will decrease loan interest rate and encourage credit growth. The effectiveness of the use of BI 7 Day-Repo Rate on price stability is indicated by the positive relationship between the benchmark interest rate and inflation compared to the BI Rate. The impact of BI 7-Day Repo Rate on economic growth that tends to be positive. Forecasting the use of BI 7-Day Repo Rate shows good results with declining value levels, so this will encourage deepening the financial markets.

scholarly journals The Impact of Macroeconomic Variables on Sectoral Indices in Indonesia

ETIKONOMI ◽  
2017 ◽  
Vol 16 (1) ◽  
pp. 71-80 ◽  
Author(s):  
Bambang Sutrisno
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Inflation Rate ◽  
Emerging Market ◽  
Estimation Method ◽  
Least Square ◽  
Series Data ◽  
Macroeconomic Variables ◽  
The Interest Rate ◽  
The Impact

This study aims to examine the effect of macroeconomic variables on sectoral indices in the Indonesian Stock Exchange. The difference in sensitiveness among sectors is an interesting issue to investigate this relationship in an emerging market, such as Indonesia. This study employs ordinary least square (OLS) as an estimation method with monthly time-series data from January 2005 to December 2014. The results document that the interest rate, inflation rate, and exchange rate simultaneously have a significant effect on sectoral indices in Indonesia. The interest rate partially shows a significant negative influence on all sectors except basic industry and chemical, finance, infrastructure, utilities, and transportation, and miscellaneous industry sectors. The inflation rate partially has no significant effect on all sectors. The exchange rate partially has a significant negative impact on all industries.DOI: 10.15408/etk.v16i1.4323

scholarly journals https://www.asianinstituteofresearch.org/JEBarchives/The-Influences-of-Interest-Rate%2C-Inflation-and-Market-Risk-on-the-Performance-of-Stock-Mutual-Funds-Through-to-the-Variables-Moderating-of-Stock-Index-LQ45-Registered-on-IDX-2016-2019

2020 ◽  
Vol 3 (4) ◽  
Author(s):  
Nur Anny Rahayu ◽  
◽  
Zainul Kisman ◽  
Dwi Sunu Kanto
Keyword(s):  
Regression Analysis ◽  
Interest Rate ◽  
Interest Rates ◽  
Mutual Funds ◽  
Mutual Fund ◽  
Time Series Data ◽  
Market Risk ◽  
Stock Index ◽  
Series Data ◽  
Independent Variable

This study aims to determine the effect of interest rates, inflation and market risk on the performance of stock mutual funds with a stock index of lq45 as the moderating variable. The independent variable in this case is the interest rate (x1), inflation (x2), market risk (x3) and the dependent variable is the performance of stock mutual funds (y) and the stock index lq45 as the intervening variable (m). The type of research used is associative research, with a quantitative approach. This study takes all time series data that converts interest rates, inflation and market risk, stock index lq45 and the performance of stock mutual fund for the period 2016 to 2019. The number of research samples using saturated sampling techniques obtained is 40 samples. Data analysis used multiple regression analysis and moderated regression analysis using spss23. The results of the F test show that the lq45 index is able to moderate the independent variable interest rate, inflation, market risk together on the performance of stock mutual funds. The t test results show that the stock index lq45 is able to moderate the relationship between the variable interest rate and market risk on the performance of stock mutual funds, while the inflation variable cannot be moderated by the stock index lq45 on the performance of stock mutual funds.

scholarly journals Pengaruh diferensiasi produk terhadap volume penjualan pada home industri “Jenang Mirah” Josari Ponorogo

2017 ◽  
Vol 5 (1) ◽  
pp. 81
Author(s):  
Pega Saputra
Keyword(s):  
Interest Rate ◽  
Time Series Data ◽  
Alternative Hypothesis ◽  
Linear Regression Analysis ◽  
Coefficient Of Determination ◽  
Series Data ◽  
Simple Linear Regression ◽  
The Interest Rate ◽  
Descriptive Method

<p><em>This study describes the influence of SBI interest rate on the rupiah at Bank Indonesia studies. The method in this research is descriptive method with quantitative approach. Determination of the sample is based on time series data 2009-2015 period by using saturation sampling methods as many as 84 samples. This research was conducted at Bank Indonesia has the sole purpose of achieving and maintaining stability in the rupiah. This study uses simple linear regression analysis which includes the classical assumption and hypothesis testing in the form of the coefficient of determination (r</em><em>2</em><em>) and the partial test (t test). The results showed that the interest rate significantly influence the exchange rate. that the null hypothesis is rejected and the alternative hypothesis is accepted.</em></p>

scholarly journals Impact of Macro-Economic Variable on Pakistan Stock Exchange KSE-100 Index

2021 ◽  
Vol 2 (3) ◽  
pp. 17-23
Author(s):  
Muhammad Faisal Hassan ◽  
Hashim Bin Jusoh ◽  
Sajjad Khan ◽  
Fahad Ali Khan ◽  
Muhammad Naseem ◽  
...  
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Time Series Data ◽  
Positive Impact ◽  
Stock Exchange ◽  
Ordinary Least Squares ◽  
Series Data ◽  
Short Run ◽  
The Impact ◽  
Adf Test

The researcher investigates the Impact of inflation, exchange rate and interest rate on Pakistan stock Exchange performance KSE-100 index by using monthly time series data which covers the period of 2013 to 2020. The econometrics techniques which are employed includes ADF test, Ordinary Least squares regression Model, testing for Multi-collinearity, Residual analysis serial correlation, testing for co-integration, Error correction model (ECM), variance decomposition (VAR) and Pair wise granger causality test. The results indicate that there is positive impact of exchange rate on PSX 100 index and the impact of inflation and interest rate is fond negative but inflation have insignificant relationship with PSX 100 index and the other two relationships are found significant. From the ECM result it is found that in short run 20% of the variation in dependent variable is due to inflation, exchange rate and interest rate and 80% variation is unexplained in short run. Form the results of VAR test it is concluded that exchange rate 1.67, inflation 14.25%, and interest rate 3.90% variation cause in PSX 100 index performance due to these three independent variables.

scholarly journals PENGARUH INFLASI, SUKU BUNGA, DAN NILAI TUKAR TERHADAP INDEKS HARGA SAHAM GABUNGAN PERIODE 2016 – 2018

2021 ◽  
Vol 6 (1) ◽  
pp. 50-59
Author(s):  
Irine Melyani ◽  
Martha Ayerza Esra
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Stock Price ◽  
Time Series Data ◽  
Secondary Data ◽  
Series Data ◽  
Future Research ◽  
Time Range ◽  
Important Indicator ◽  
The Interest Rate

The movement of stock price index is the important indicator for investors to determine whether the investor would sell, buy, or hold shares. The movement of CSPI is affected by several factor like macroeconomy. The purpose of this study was to determine the effect of inflation, interest rate, and exchange rate against CSPI. Theoretically, the effect of inflation, interest rate, and exchange rate is based on efficient market hyphothesis and signalling theory which inflation, interest rate and exchange rate provide signal to investor which affect their decision that cause change to CSPI. The type of data used in this study is secondary data with quantitative approach. The sampling is based on time series data from 2016-2018 using purposive sampling methodso that 36 samples are obtained. This research uses multiple uses multiple regression analysis method using SPSS 2.2. The results of this study indicate that during the period 2016-2018 inflation does not affect CSPI, the interest rate have negative affect on CSPI and exchange rate have positive affect on CSPI. Future research is expected to add another independent variable and extend the time range of the research to obtain ore accurate and comprehensive results. Keywords: Inflation, Interest Rate, Exchange Rate, Composite Stock Price Indonesia

scholarly journals UNEMPLOYMENT AND MONETARY POLICY DYNAMICS IN PAKISTAN: EVIDENCE FROM COINTEGRATION ANALYSIS

2021 ◽  
Vol 9 (1) ◽  
pp. 01-09
Author(s):  
Hina Ali ◽  
Muhammad Zeeshan Ali ◽  
Farhana Nosheen ◽  
Afifa Sadar Ud Din
Keyword(s):  
Monetary Policy ◽  
Price Index ◽  
Time Series Data ◽  
Consumer Price Index ◽  
Development Rate ◽  
Cointegration Analysis ◽  
Series Data ◽  
Policy Dynamics ◽  
Independent Variable ◽  
The Impact

This study examined the impact of monetary policy on unemployment in Pakistan. The time-series data for 1977 to 2019 was taken and the ARDL technique is used for estimation. Unemployment was used as a dependent variable along with other control variables while the money supply was the core independent variable of the research. It was concluded that money related arrangement not just contributes to observing past patterns and additionally future projections of superficial factors of real factors also. The outcomes show that there is a critical and negative connection between spending Deficit and unemployment. The gross domestic product development rate is decidedly identified with unemployment. Populace development rate is adversely identified with unemployment. The consumer price index is contrarily identified with unemployment.

scholarly journals Tegar Prasetya Analysis of Macroeconomic Influence Return on Assets Banking Study on Conventional Commercial Banks in Indonesia for the Year 2018–2020

2021 ◽  
Vol 6 (5) ◽  
pp. 268-275
Author(s):  
Tegar Prasetya ◽  
Hakiman Thamrin
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Commercial Banks ◽  
Time Series Data ◽  
Series Data ◽  
Analysis Tool ◽  
Return On Assets ◽  
Macroeconomic Variables ◽  
The Exchange Rate ◽  
The Interest Rate

This study aims to analyze the effect of macroeconomic variables on the return on banking assets. The data processing method used by the researcher is using the Vector Error Correction Model (VECM) as a data analysis tool and this study confirms that the extent to which it examines the positive and significant influence between macroeconomic variables on the return on banking assets. The data obtained is secondary data based on financial statements within a period of 3 years using monthly time series data. The results of this study indicate that there is a positive and significant effect on the exchange rate and CPI variables while it is negative and significant on the inflation, interest rate and IPI variables resulting from the long-term VECM estimation. While the results show that there is a positive and significant effect on the interest rate and CPI variables and a significant negative on the inflation variable, positive and insignificant on the exchange rate variable, negative and insignificant on the IPI variable on the ROA of the short-term VECM estimation results. The results of the measurement of the composition or contribution of the influence of the independent variable on the dependent variable show the interest rate variable with a value of 4.11% in the 10th period obtained through the results of the decomposition variance (VD) test on the return on assets (ROA) of banking studies at Conventional Commercial Banks in Indonesia.

Impact of Interest Rate Changes on the Profitability of four Major Commercial Banks in Pakistan

2014 ◽  
Vol 4 (1) ◽  
pp. 142 ◽  
Author(s):  
Waseem Ahmad Khan ◽  
Abdul Sattar
Keyword(s):  
Interest Rate ◽  
Interest Rates ◽  
Commercial Banks ◽  
Banking Sector ◽  
Pearson Correlation ◽  
Correlation Method ◽  
Economic Stability ◽  
Independent Variable ◽  
The Interest Rate ◽  
The Impact

The core objective of this project is to analyze the impact of interest rates changes on the profitability of commercial banks being operated in Pakistan by examining the financial statements of four major banks during 2008 to 2012. Like the efficiency of banking sector is considered most important for economic growth, monetary policy implementation and macro-economic stability. From the past few years, interest spread of banking sector of Pakistan is rising. As a result variations in the interest rate depress the savings and investment and on the other hand it increases the efficiency of banks’ lending. In this paper interest rate is an independent variable and bank profitability is a dependent variable. To examine the impact of interest rate changes on the profitability of commercial banks in Pakistan, Pearson correlation method is used in this study. As a result it is found that there is strong and positive correlation between interest rate and commercial banks’ profitability. It means if the value of interest rate is increases/decreases then as result value of banks’ profitability will also increases/decreases.

scholarly journals Uncovered Interest Rate Parity and Investment: A Tripartite Analysis of Nigeria, United States of America and China

2020 ◽  
Vol 11 (2) ◽  
pp. 111
Author(s):  
Peter Ubi ◽  
Ishaku Rimamtanung Nyiputen
Keyword(s):  
United States ◽  
Interest Rate ◽  
United States Of America ◽  
Time Series Data ◽  
Series Data ◽  
Interest Rate Parity ◽  
Uncovered Interest Rate Parity ◽  
Long Run ◽  
Rate Parity ◽  
The Impact

This study comparatively examined the validity of the theory of uncovered interest rate parity (UIP) for Nigeria and United States of America (USA) and for Nigeria and China, using USA and China as anchor countries respectively. The study also examined the impact of the theory (UIP) on investment in Nigeria. Using annual time series data spanning from 1980-2017, the pre-estimation test (Augmented Dickey-Fuller Unit root test) was conducted. Given that the variables were integrated of order one and order zero, Autoregressive Distributed lag bound testing approach (ARDL) and Toda- Yamamoto causality test were employed for analysis. The ARDL result indicates that there is no long run relationship between Nigeria and USA but there is a long run relationship between Nigeria and China. By implication, the theory of UIP does not hold between Nigeria and USA but between Nigeria and China, the theory of UIP holds. Also, the result of Toda-Yamamoto indicates that the theory of UIP positively and significantly impacts on investment in Nigeria. The study recommended that the government should strengthen her economic relationship especially with China so as to encourage more investments by China in Nigeria.

Sign in / Sign up

Export Citation Format

Share Document