scholarly journals How and What Influences from COVID-19 Have Impacted Stock Prices and Exchange Rates? the Case of Japan

2021 ◽  
Vol 10 (2) ◽  
pp. 32
Author(s):  
Yutaka Kurihara
Keyword(s):  
Exchange Rates ◽  
Stock Prices ◽  
Food Service ◽  
The State ◽  
The Other ◽  
State Of Emergency ◽  
Market Participants ◽  
Japanese Yen ◽  
Death Cases ◽  
The U.S

This study reports the empirical analyzes of the COVID-19 on stock prices and exchange rates of Japan. Newly confirmed cases and death cases have significantly positive impacts on Japanese stock prices. One reason is that Japanese stock prices recently move together with U.S. stock prices. Under this situation, the U.S. could recover from the damage of COVID-19 ahead of other countries and its stock prices have increased hugely, so the effects on Japanese stock prices have been quite large. The rising of the U.S. stock prices have had a big influence so as to deny the adverse effects by COVID-19 in Japan. The other reason is that although the stock prices of tourism, food service, and so on were damaged in Japan, other industry stock prices have been increasing. The coefficients of declaration of the state of emergency/anti-infection measures are positive which denotes that the stock market may have taken the measure favorably. However, they are positive, but they are also insignificant. For the exchange rates, the newly confirmed case is significant and positive which means that it promotes depreciation of the Japanese Yen. It seems natural because if the situation of COVID-19 becomes serious, market participants consider investment in Japan as risky. Finally, both of the cases of confirmed cases and death cases of COVID-19 are negatively and significantly related with the flow of people. The coefficient of declaration of the state of emergency/anti-infection measures is negative, however, they are not significant to the flow of people.

scholarly journals Determining Pak Rupee Exchange Rates vis-à-vis Six Currencies of the Industrial World: Some Evidence Based on the Traditional Flow Model

2001 ◽  
Vol 40 (4II) ◽  
pp. 885-897
Author(s):  
Razzaque H. Bhatti
Keyword(s):  
Exchange Rates ◽  
Coefficient Of Variation ◽  
Flow Model ◽  
French Franc ◽  
Swiss Franc ◽  
Test Statistics ◽  
Industrial Countries ◽  
Japanese Yen ◽  
The U.S ◽  
German Mark

Pak-rupee exchange rates vis-à-vis many currencies of the industrial world have weakened continuously and persistently since Pakistan abandoned fixed exchange rates in April 1982. This proposition is strongly supported by descriptive test statistics, as shown in Table 1, such as mean, standard deviation and coefficient of variation of six Pak rupee exchange rates—against the U.S. dollar, British pound, German mark, Japanese yen, Swiss franc and French franc—over the period 1982q1-2000q4. Based on these descriptive statistics, it is evident that Pak rupee has depreciated persistently against all currencies of the industrial countries in question over the period under investigation; for example, it has depreciated by 324.05 percent against the British pound, 406.360 percent against the U.S. dollar, 344.53 percent against the French franc, 498.48 percent against the Swiss franc, 477.78 percent against the German mark and 986.25 percent against the Japanese yen since April 1982. As evidenced by coefficient of variation, Pak rupee has weakened enormously against all currencies of the industrial world, while it has weakened relatively more alarmingly against the Japanese yen, Swiss franc and German mark.

The Reckoning

2021 ◽  
pp. 483-520
Author(s):  
Eric Van Young
Keyword(s):  
Supreme Court ◽  
Mexico City ◽  
The State ◽  
The Other ◽  
Grand Jury ◽  
The Supreme Court ◽  
The Government ◽  
The U.S

Alamán’s internal self-exile in Mexico City, when he hid for nearly two years only to emerge in 1834, is discussed in as much detail as is possible for a largely undocumented episode. Having left the government along with the other ministers during 1832, he was being pursued by agents of the state and political enemies to stand trial before a congressional grand jury for his involvement in the judicial murder of Vicente Guerrero. The chapter also discusses his cordial relationship with the U.S. envoy who replaced the recalled Joel Poinsett, Anthony Butler. The fall of the Anastasio Bustamante government to an uprising led by Santa Anna is narrated, along with Alamán’s eventual trial, his spirited defense of himself, the intervention of Carlos María de Bustamante (not the president) on his behalf before the Supreme Court, and the ex-minister’s exoneration at the hands of President Santa Anna.

scholarly journals A Three-State Markov-Modulated Switching Model for Exchange Rates

2016 ◽  
Vol 2016 ◽  
pp. 1-9 ◽  
Author(s):  
Idowu Oluwasayo Ayodeji
Keyword(s):  
Exchange Rate ◽  
Exchange Rates ◽  
Markov Switching ◽  
The Other ◽  
Markov Switching Model ◽  
Switching Model ◽  
Empirical Results ◽  
Proposed Model ◽  
Markov Modulated ◽  
Japanese Yen

Several authors have examined the long swings hypothesis in exchange rates using a two-state Markov switching model. This study developed a model to investigate long swings hypothesis in currencies which may exhibit ak-state(k≥2)pattern. The proposed model was then applied to euros, British pounds, Japanese yen, and Nigerian naira. Specification measures such as AIC, BIC, and HIC favoured a three-state pattern in Nigerian naira but a two-state one in the other three currencies. For the period January 2004 to May 2016, empirical results suggested the presence of asymmetric swings in naira and yen and long swings in euros and pounds. In addition, taking0.5as the benchmark for smoothing probabilities, choice models provided a clear reading of the cycle in a manner that is consistent with the realities of the movements in corresponding exchange rate series.

scholarly journals THE IMPACT OF THE PANDEMIC COVID-19 ON THE STATE OF INTERNATIONAL POLITICS AND SECURITY

2021 ◽  
Vol 8 (12) ◽  
pp. 238-246
Author(s):  
Loc Thi Thuy
Keyword(s):  
International Politics ◽  
The State ◽  
The Other ◽  
Other Hand ◽  
Depth Analysis ◽  
Negative Impacts ◽  
The Impact ◽  
The U.S ◽  
Global Powers

From the beginning of the year 2020 until now, the Covid-19 pandemic has heavily, deeply and comprehensively impacted the state of international politics and security in both positive and negative directions. On one hand, the pandemic has encouraged nations to strengthen cooperation in order to effectively deal with the risks that it brought; on the other hand, it has contributed to a rise in competition as well as opposition between countries and global powers alike, especially between the U.S. and China, in multiple politics and security-related issues. In the coming times, the state of international politics and security is predicted to witness many changes, especially in the context where the U.S. is highly expected to adjust its policies. For this text, the writer will place an emphasis on providing in-depth analysis on the negative impacts of the Covid-19 pandemic on the state of international politics and security, and therefore provide commentary on the trends of the state of international politics and security in the coming times.

Beilan, Lerner, and the Court’s Shift, Passport Cases, and Congress’s Court-Curbing Climax

2017 ◽  
Author(s):  
Robert M. Lichtman
Keyword(s):  
The State ◽  
Public Employee ◽  
The Other ◽  
Employee Loyalty ◽  
State Laws ◽  
The Government ◽  
Government Benefits ◽  
The U.S

This chapter discusses the U.S. Supreme Court’s decisions during its October 1957 term. The continued heavy flow of “Communist” cases produced fourteen signed decisions and two via per curiam opinions. The outcomes were mixed, but they revealed a shift in the Court’s direction. The government prevailed in two state public-employee loyalty cases and three criminal contempt cases. However, it lost five deportation decisions, two decisions testing the State Department’s authority to deny passports on political grounds, and two narrow rulings invalidating state laws that conditioned the receipt of government benefits on signing a non-Communist oath. It also lost the two per curiam decisions—one reviewing the issuance of less-than-honorable Army discharges to “subversive” draftees and the other a contempt-of-Congress case against Dennis lawyer Harry Sacher.

Modeling Global Wine Markets to 2018: Exchange Rates, Taste Changes, and China's Import Growth

2013 ◽  
Vol 8 (2) ◽  
pp. 131-158 ◽  
Author(s):  
Kym Anderson ◽  
Glyn Wittwer
Keyword(s):  
Exchange Rate ◽  
Exchange Rates ◽  
Real Exchange Rate ◽  
Import Demand ◽  
The Other ◽  
Market Participants ◽  
Taste Changes ◽  
Major Development ◽  
Jel Classifications ◽  
Wine Markets

AbstractIn this paper, we use a revised, expanded, and updated version of a global model first developed by Wittwer et al. (2003) to project the wine markets of its 44 countries plus seven residual country groups to 2018. Because real exchange rate (RER) changes have played a key role in the fortunes of wine market participants in some countries in recent years, we use the model to analyze their impact, first retrospectively during 2007–11 and then prospectively during the period to 2018 under two alternative sets of RERs: no change, and a halfway return to 2009 rates. In both scenarios, we assume a return to the gradual trend toward premium wines and away from nonpremium wines. The other major development expected to affect the world's wine trade is growth in China's import demand. Alternative simulations provide a range of possibilities, but even the low-growth scenario suggests that China's place in global wine markets is likely to become increasingly prominent. (JEL Classifications: C53, F11, F17, Q13).

The Mideast: Figures in the Carpet

Worldview ◽  
1981 ◽  
Vol 24 (3) ◽  
pp. 9-11
Author(s):  
Robert K. Olson
Keyword(s):  
Saudi Arabia ◽  
Middle East ◽  
Iraq War ◽  
Arab World ◽  
The State ◽  
The Other ◽  
Gulf States ◽  
Middle East Politics ◽  
Revolutionary Regime ◽  
The U.S

It is not a joking matter, but the state of Middle East politics is nothing if not absurd. Which is to say that, to the Westerner at least, the most recent rearrangement of alliances, conflicts, and rivalries follows no readily apparent pattern of loyalty or consistency—either religious or political. The Iran-Iraq war seems to have crystalized the fragmented Arab world into two opposing blocs, those siding with non-Arab Iran and those backing Saddam Hussein. But Libya and Syria, the two most pro-Soviet countries, have sided with anti-Communist, anti-Soviet Khomeini. On the other hand the Imam is opposed by the two anti-Soviet monarchies of lordan and Saudi Arabia and the non-Communist Gulf states led by pro-Soviet Iraq. The two monarchies might be expected to oppose Iran's revolutionary regime but hardly to ally themselves with a regime no less revolutionary in its own way than Iran. Not to put too fine a point on it, it was the 1958 Iraq revolution that murder ed King Faisal II, ruler of Iraq and cousin to King Hussein. We find Sunni Libya, which has sought to embarrass Alawite president of Syria Assad by stirring up opposition among the Sunni majority of Syria, united with Assad to give aid and comfort to the Shiite leader of Iran. Syria and Iraq, which are hostile to each other, are ruled by the two extant leaders of thp Baath or Renaissance party dedicated to the unity of the Arab peoples. We find Soviet-client Iraq allied with the most proAmerican states, Jordan and Saudi Arabia, against the most anti-American state, Iran. Soviet weaponry provides the security of the Arab axis against American weaponry provided to the shah. Meanwhile, Iran credits the U.S. with starting the war, even though Iran is being attacked with Soviet weaponry.

scholarly journals Necropolitical Governance and State-Corporate Harms: COVID-19 and the U.S. Pork Packing Industry

2021 ◽  
pp. 2631309X2110110
Author(s):  
Ivy Ken ◽  
Kenneth Sebastian León
Keyword(s):  
Working Conditions ◽  
The State ◽  
The Other ◽  
Slaughter Pigs ◽  
Symbiotic Partner ◽  
The U.S

The coronavirus pandemic has magnified the interdependence of the state and corporations in the pork packing industry. In 2020, when over 67,000 meatpacking and processing workers were infected with the virus, the state allowed and encouraged this industry to coerce a racialized workforce to risk their health and lives to slaughter pigs. While it would seem reasonable to call for more regulation to protect labor in this industry, we find by analyzing the state’s actions in 2020 that its interests are too far aligned with corporations’ interests to expect one to police the other. Our analysis underlines the state as a symbiotic partner of corporations, and places workers’ illnesses and deaths in a necropolitical framework that demands attention to the state’s tacit approval of inhumane working conditions, use of law to keep packing plants open, and attempts to limit the liability of corporations for any deaths or illnesses they have caused.

scholarly journals The Raid in the Editorial Of ice of the Turkish Newspaper Tan, 1945, and its Impact on the State of Soviet-Turkish and US-Turkish Relations in the Post-WWII Period

2020 ◽  
Vol 19 (1) ◽  
pp. 197-213
Author(s):  
Efe Sıvış
Keyword(s):  
Soviet Union ◽  
University Students ◽  
International Relations ◽  
State Department ◽  
The State ◽  
The Other ◽  
The Soviet Union ◽  
Turkish Government ◽  
National Archives ◽  
The U.S

The author examines the demonstrations carried out by university students in Istanbul on December 4, 1945 and the raid on the printing operations of the pro-Soviet Tan newspaper, known as the Tan Raid, in light of U.S. State Department documents, namely the related fi les in National Archives Records Administration. The infl uence of the Tan Raid on Turkey’s international relations is discussed in the context of Turkish-American and Turkish-Soviet relations. The Raid is regarded as a signifi cant incident since it coincides with the post WW2 period when Turkey’s relations with the Soviet Union had already deteriorated due to Moscow’s demands to revise the Montreux Convention by 19th of March 1945. Furthermore, Turkish-American diplomatic contacts in the aftermath of the Raid show Washington’s perspective on policy towards Soviet Union, as U.S. offi cials advised a moderate line to their Turkish counterparts. On the other hand, preparations for the Raid seem highly controversial since Turkish government offi cials did not strongly condemn the event and the police did not intervene against the protestors despite of their violent actions towards Tan and some left leaning bookstores. The slogans during the demonstration show its anti-Soviet character, which Ankara denied in order to decrease tensions with the Soviets by arguing that it was Tan ’s owner, the Sertel couple to whom the anger was directed, not the Soviet Union. The intelligence obtained by diplomats at the U.S. Embassy in Ankara, the meetings they conducted with Turkish politicians, their conclusions regarding the process leading up to the raid, and their opinions on Turkish-Soviet relations provide the background for the analysis.

In Rough Country

Rough Country ◽  
2014 ◽  
Author(s):  
Robert Wuthnow
Keyword(s):  
United States ◽  
Nineteenth Century ◽  
The United States ◽  
The State ◽  
The Other ◽  
Late Nineteenth Century ◽  
Good Standing ◽  
Late Nineteenth ◽  
Race And Religion ◽  
The U.S

This chapter focuses on a turbulent period in the late nineteenth century, as Texas was in the midst of one of the most important and hotly contested elections in its history. In compliance with an act of the U.S. Congress and by proclamation of President Ulysses S. Grant, the election ran from November 30 through December 3, 1869. It was held to determine whether the state would ratify a new constitution that complied with the Reconstruction laws of Congress and thus be reincorporated into the United States as a state in good standing. The situation was complicated by the murder of a well-respected businessman named B. W. Loveland. A witness claimed to have seen a black man in the vicinity of the store with what appeared to be bloodstains on his pants. Other witnesses claimed they had heard and seen nothing. Religion's place would be well illustrated both in the election itself and in the outcome of the Loveland murder investigation. Two members of the clergy in particular, one a white Methodist preacher and the other a black Baptist pastor, would quietly show the complex results that could occur when race and religion mingled with politics.

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