scholarly journals EMPIRICAL ANALYSIS OF CORRELATION BETWEEN FOREIGN EXCHANGE FLUCTUATION AND PETROLEUM PRICE BASED ON BRAIN NEUROLOGY

2011 ◽  
Vol 2 (1) ◽  
pp. 540
Author(s):  
Mohamad Heykal ◽  
Theresa Febrona ◽  
Hidayatullah Hidayatullah

The fourth quarter in 2008 is the peak of Global Monetary Crisis, which is the decreasing of liquidity in companies around the world. The crisis also affected towards fluctuation of world petroleum price. Automotive industry in Indonesia was also affected towards cost of foreign exchange fluctuation and petroleum price due to the crisis. PT Astra International, Tbk. is assumed to represent automotive industry in Indonesia. The research is done through literature research and financial and sales report analysis in 2000-2008. The performance reduction is directly connected by the decreasing of earnings, especially in motor vehicle and parts sale in those years and also the increasing of cost of production, due to the increasing of import fee and transportation cost. Foreign exchange fluctuation and petroleum price directly affects the work performance of PT Astra Internasional.


2003 ◽  
Vol 53 (2) ◽  
pp. 175-194 ◽  
Author(s):  
D. Chionis ◽  
P. Liargovas

This paper examines the causes of turbulence in foreign exchange markets by looking closely at the experience of four transition economies (Bulgaria, Romania, Russia, Ukraine). It considers the influence of macroeconomic variables in currency crises occurrence through the use of logit models. In an environment of deteriorating fundamentals the examined issue is whether or not some fundamentals are able to maximise the likelihood of currency crisis incidence.


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