scholarly journals THE CAUSES AND IMPLICATION OF DELAYED PASSAGE OF 2018 BUDGET ON THE NIGERIAS ECONOMIC RECOVERY AND GROWTH PLAN

2021 ◽  
Vol 9 (09) ◽  
pp. 370-375
Author(s):  
Yahaya Yusuf ◽  
◽  
Bilyaminu Yusuf Hanga ◽  
Keyword(s):  
Oil Prices ◽  
Economic Recovery ◽  
Medium Term ◽  
Fiscal Responsibility ◽  
National Assembly ◽  
Macroeconomic Variables ◽  
Annual Budget ◽  
Gdp Growth Rate ◽  
Gray Areas ◽  
The Impact

The study utilized descriptive techniques in the assessment of the impact of sectoral allocations of Nigerias 2018 annual budget on selected macroeconomic variables of GDP growth rate, Exchange rate, Inflation, Oil prices, Oil production, Debt servicing among others and the 2016 Nigerias Economic Recovery and Growth Plan (ERGP). We identified some gray areas in the budget, budget padding, constitutional lacuna, non-compliance with fiscal responsibility Act, late preparation and consideration of medium-term expenditure framework, political face-off between the National Assembly and the executive, lack of patriotism as the causes of the long delay in the consideration and passage of the 2018 budget by the national Assembly. The study therefore recommends amendment of the 1999 constitution, sanctioning of erring Ministries, Departments and Agencies (MDAs) and deployment of ICT in budgeting tracking by civil society groups, communities and the general public.

scholarly journals Impact of Macroeconomic Variables on Islamic Banks Profitability

2018 ◽  
Vol 1 (2) ◽  
pp. 20-35
Author(s):  
Qaisar Ali ◽  
Selamah Maamor ◽  
Hakimah Yaacob ◽  
Muhammad Usman Tariq Gill
Keyword(s):  
Growth Rate ◽  
Exchange Rate ◽  
Money Supply ◽  
Oil Prices ◽  
Gdp Growth ◽  
Islamic Banks ◽  
Macroeconomic Variables ◽  
Brunei Darussalam ◽  
Gdp Growth Rate ◽  
The Impact

The main objective of this study is to understand and determine the impact of macroeconomic variables on Islamic banks’ profitability in Brunei. The impact of GDP growth rate, inflation, interest rate, exchange rate, oil prices, competition and money supply on Bank Islam Brunei Darussalam (BIBD) profitability was determined from the year 2012 to the year 2016. The secondary data was obtained from DEPD, AMBD and IMF annual reports. The collected data was analysed using Stata 15. The fixed effects panel regression technique was adopted to measure the impact of each variable on Islamic banks’ profitability. The findings revealed that GDP growth rate, inflation, exchange rate, oil prices and money supply have a significant positive impact on profitability. The findings further revealed that oil prices, GDP and inflation were the most significant and exchange rate and money supply were the least significant determinants of profitability. The findings suggest the regulators and policy makers to discover alternative resources to rejuvenate economic and financial system. Islamic bankers may revamp its marketing strategies to reduce the intensity of macroeconomic variables. This study has vigorously contributed in the existing literature of single country analysis of Islamic banks particularly in the context of Brunei.

scholarly journals Dynamic impact of Gold Prices, Oil Prices and Exchange Rate on Stock Market Performance: A Case of Pakistan’s Stock Exchange (KSE 100 Index)

2021 ◽  
Vol 7 (1) ◽  
pp. 1-12
Author(s):  
Asif Ali ◽  
Muhammad Kamran Khan ◽  
Hamid Ullah
Keyword(s):  
Exchange Rate ◽  
Stock Market ◽  
Foreign Exchange ◽  
Market Performance ◽  
Oil Prices ◽  
Series Data ◽  
Macroeconomic Variables ◽  
Term Relation ◽  
Stock Market Performance ◽  
The Impact

Currently emerging markets are passing through economic turmoil due to considerable increases in the prices of oil and gold with significant variation in the foreign exchange market. All the macroeconomic variables are touching the highest value which was never occurred in the history of Pakistan. Taking advantages of the current situation the study has examined the impact of gold prices, oil prices and exchange rate on stock market performance. For this purpose, the study has used daily data of these macroeconomic variables for the period of 2003 to 2018. By using time series data analysis, it reveals that there is no co-integration or long-term relation among these variables; however, the vector autoregressive model showed significant short-term relation among the securities market performance, foreign exchange rate, prices of oil and gold. The analysis also suggests that significant changes in the prices of oil, foreign exchange rates and the prices of gold have a negative lagged effect on the performance of the stock market.

scholarly journals The Impact of Macroeconomic Variables on Stock Prices in Kuwait

2019 ◽  
Vol 14 (6) ◽  
pp. 99 ◽  
Author(s):  
Ahmad M. Al-Kandari ◽  
Sadeq J. Abul
Keyword(s):  
Stock Prices ◽  
Stock Exchange ◽  
Oil Prices ◽  
Macroeconomic Factors ◽  
Macroeconomic Variables ◽  
Dynamic Relationship ◽  
Long Run ◽  
Short Run ◽  
Johansen Cointegration Test ◽  
The Impact

The Kuwaiti Stock Exchange was established in April 1977 and is among the oldest stock exchanges in the GCC countries. This study aims to add new evidence about the impact of macroeconomic factors on the Kuwaiti Stock Exchange. It examines empirically the dynamic relationship between the Kuwaiti Stock Exchange Index and the main macroeconomic variables. These variables included M2, the three-month deposit interest rate, oil prices, the US Dollar vs Kuwaiti Dinar exchange rate and the inflation rate. By applying the Johansen cointegration test, together with the Var Error Correction Model (VECM), the study found that there a long-run unidirectional relationship exists between the Kuwaiti Stock Exchange Index and the aforementioned macroeconomic variables. This study also confirmed the existence of a short-run relationship between oil prices and stock prices in Kuwait.

scholarly journals Chad

2020 ◽  
Vol 20 (134) ◽  
Author(s):  
Keyword(s):  
Oil Prices ◽  
Scaling Up ◽  
Health Care Spending ◽  
Fiscal Deficit ◽  
Medium Term ◽  
Current Crisis ◽  
Sharp Drop ◽  
Credit Facility ◽  
Health Related ◽  
The Impact

This paper presents Chad’s Requests for Disbursement Under the Rapid Credit Facility, Extension of the Extended Credit Facility Arrangement, and Rephasing of Access. In response to the coronavirus disease 2019 outbreak, the authorities have taken strong measures to halt the community spread of the virus. They are also scaling up health-related spending and are considering a set of economic measures to support households and businesses. Given the sudden nature of the shocks and their widespread impact, the authorities will be temporarily relaxing the fiscal deficit to allow for the scaling up of health care spending and to accommodate the impact of the sharp drop in oil prices. In order to safeguard debt sustainability, they remain committed to the medium-term fiscal path and will implement the needed adjustment measures as soon as the current crisis abates.

TRANSFORMATION OF THE ECONOMIES OF IRAN AND RUSSIA UNDER THE NEW CORONAVIRUS OUTBREAK

2020 ◽  
pp. 232-241
Author(s):  
Ehsan Rasoulinezhad ◽  
Keyword(s):  
Economic Growth ◽  
Oil Prices ◽  
Economic Transformation ◽  
Economic Recovery ◽  
Economic Prosperity ◽  
Economic Stagnation ◽  
The Impact ◽  
Growth Economic ◽  
Recovery Medium

The new coronavirus outbreak has created a serious problem for the economies of Iran and Russia, which are experiencing sanctions and low oil prices. In this article, the author tries to explain the impact of the new coronavirus outbreak on the economies and politics of Iran and Russia. The major results show that the three challenges associated with sanctions, the shock of global oil prices, and the new coronavirus outbreak can lead to different scenarios for the future of Iran and Russia. Eight different scenarios (slow economic growth, economic prosperity, weak recession, economic recovery, medium recession, economic stagnation, strong recession, and economic transformation) are identified and explained by combinations of these three issues. Regarding the current low oil prices (due to the pandemic and the Saudi price war), Western sanctions against Iran and Russia, and also uncertainty about the end of the coronavirus, scenario No. 8 (economic transformation) will be the most likely situation for the economies of Russia and Iran. As the results of this scenario, the digitalization of the economies in these two countries will be improved, and the role of governments in economic mechanisms will be higher than before the coronavirus outbreak. In addition, regionalization and Asianization will be accelerated to reduce the effect of sanctions.

scholarly journals An Analytical Study of Determinants of Non-Performing Loans: Evidence from Non-Bank Financial Institutions (NBFIs) of Bangladesh

2017 ◽  
pp. 55-67 ◽  
Author(s):  
Apel Mahmood Rifat
Keyword(s):  
Financial Institution ◽  
Relative Size ◽  
Data Set ◽  
Macroeconomic Variables ◽  
Gdp Growth Rate ◽  
Management Ability ◽  
Study Results ◽  
Specific Factors ◽  
Loan Growth ◽  
The Impact

The main focus of this study is to analyze the determinants of non-performing loan (NPL) in Non-Bank Financial Institution (NBFI) sector in Bangladesh. Both macroeconomic and firm-specific variables are tested to determine the impact on classified loan ratio. A panel data-set consisting of seven NBFI with a time-span of 12 years (2003-2014) is analyzed for this purpose. Among macroeconomic variables, GDP growth rate, inflation rate and broad money in GDP are used. To capture management ability, firm-specific variables like, loan growth, loan to asset ratio, return on asset and relative size of firm were included in the study. Results show that firm-specific factors were more significant for non-performing loan of the NBFIs. Among macroeconomic variables, money supply was found to have significant impactJournal of Business and Technology (Dhaka) Vol.11(1-2) 2016; 55-67

scholarly journals Impact of Macroeconomic Variables on Capital Structure Choice: A Case of Textile Industry of Pakistan

2016 ◽  
Vol 55 (3) ◽  
pp. 227-239 ◽  
Author(s):  
Zia Ur Rehman .
Keyword(s):  
Stock Market ◽  
Capital Structure ◽  
Exchange Rates ◽  
Interest Rates ◽  
Public Debt ◽  
Market Development ◽  
Stock Market Development ◽  
Macroeconomic Variables ◽  
Gdp Growth Rate ◽  
The Impact

The financing decision of a firm is influenced by both internal (firm specific) and external (macroeconomic) factors. However, most of the empirical investigations have focus on internal factors whereas the impact of macroeconomic variables on capital structure decisions is somewhat under researched particularly in the context of developing countries. The aim of the study is to analyse the impact of macroeconomic variables on the capital structure decisions of all listed textile firms in Pakistan for the period 2004-2013. Panel data regression (fixed effects model) was used to estimate the effect of macroeconomic variables on capital structure. The findings of the study reveal that public debt, exchange rates and interest rates are negatively related whereas corporate taxes, stock market development, inflation rate and GDP growth rate are positively related with economic leverage. Moreover, the relationship of corporate taxes, stock market development and exchange rates is significant with the economic leverage. JEL Classification: E44, E52, E62, F31, G32 Keywords: Capital Structure, Interest Rates, Inflation, Public Debt, Exchange Rates, GDP Growth Rate, Stock Market Development, Pakistan

scholarly journals The Boone Indicator as Determinant of Croatian Insurance Market Soundness

2019 ◽  
Vol 14 (2) ◽  
pp. 1-12
Author(s):  
Tomislava Pavić Kramarić ◽  
Marko Miletić
Keyword(s):  
Inflation Rate ◽  
Insurance Market ◽  
Gdp Growth ◽  
Eu Accession ◽  
Firm Level ◽  
Macroeconomic Variables ◽  
Gdp Growth Rate ◽  
The Impact ◽  
Robustness Check ◽  
The Eu

Abstract This paper deals with the influence of competition on soundness of Croatian insurers using the Boone indicator when measuring competition. The authors analyse Croatian insurers that operated over the pre-EU accession period 2008 – 2012 as well as in the period 2013 – 2017, i.e. after the accession to the EU. Several firm-level, industry-level and macroeconomic variables are used in the research. The findings of the analysis are twofold. Specifically, the Boone indicator reveals the impact of competition on the performance of efficient insurers in post-EU accession period only accounting for the reallocation effects proving that efficient insurers make higher profits. Regarding the determinants of the insurers’ soundness, premium to surplus ratio and inflation rate play significant role in pre - EU accession period whereas reinsurance and GDP growth rate are statistically significant after EU accession. Moreover, the competition increased in the years after the EU accession. Robustness check provides similar results.

Monetary policy and the effect of the transfer of oil prices to inflation

2020 ◽  
pp. 41-50
Author(s):  
Ph. S. Kartaev ◽  
I. D. Medvedev
Keyword(s):  
Monetary Policy ◽  
Inflation Targeting ◽  
Dynamic Models ◽  
Oil Prices ◽  
Oil Price ◽  
Oil Price Shocks ◽  
Negative Effects ◽  
Price Shocks ◽  
Policy Regime ◽  
The Impact

The paper examines the impact of oil price shocks on inflation, as well as the impact of the choice of the monetary policy regime on the strength of this influence. We used dynamic models on panel data for the countries of the world for the period from 2000 to 2017. It is shown that mainly the impact of changes in oil prices on inflation is carried out through the channel of exchange rate. The paper demonstrates the influence of the transition to inflation targeting on the nature of the relationship between oil price shocks and inflation. This effect is asymmetrical: during periods of rising oil prices, inflation targeting reduces the effect of the transfer of oil prices, limiting negative effects of shock. During periods of decline in oil prices, this monetary policy regime, in contrast, contributes to a stronger transfer, helping to reduce inflation.

Sign in / Sign up

Export Citation Format

Share Document