scholarly journals TO THE QUESTION OF THE MAIN FACTORS INFLUENCING THE CHANGES IN THE RUSSIAN RUBLE EXCHANGE RATE 

Author(s):  
Ж.М. Алиева ◽  
Д.А. Макаева

Цель данной статьи оценка состояния национальной валюты России на сегодняшний день, а также выявление основных факторов, влияющих на валютный курс рубля. Сопоставление курса российского рубля с общепринятыми мировыми валютами дает возможность понять уровень сегодняшней экономической ситуации в мире. В статье рассматриваются основные факторы, влияющие на валютный курс рубля, а также проведена их оценка. Выделены основные и наиболее важные факторы среди экономических и политических групп. Также рассмотрена динамика валютного курса рубля по отношению к доллару и евро за период с 01.12.2018 по 15.05.2019. The purpose of this article is to assess the state of the national currency of Russia today, as well as to identify the main factors affecting the exchange rate of the ruble. Comparing the exchange rate of the national currency with the world gives an idea of the current economic situation in the country compared to the global economic situation. The article discusses the main factors affecting the exchange rate of the ruble, as well as their assessment. The main and most important factors among economic and political groups are highlighted. The dynamics of the ruble exchange rate against the dollar and euro for the period from 01/12/2018 to 05/15/2019 was also considered.

Vestnik NSUEM ◽  
2021 ◽  
pp. 120-126
Author(s):  
Yu. S. Moroz

The purpose is to determine the state of the ruble exchange rate, to identify the main factors affecting changes in the Russian ruble exchange rate in modern conditions. The opinions of domestic authors on the factors affecting the ruble exchange rate (balance of payments, inflation, oil price, coronavirus pandemic, unemployment) are considered. Among the most significant factors affecting the ruble exchange rate is the price of oil. The article studies the dynamics of the impact on the national currency rate of oil prices. Conclusions are made.


2021 ◽  
pp. 227853372110337
Author(s):  
Zakiya Begum Sayed ◽  
J. Gayathri

Exchange rate exposure is a strategic decision in finance and risk management at both the micro and macro level of business operations. Literature on the measurement, and management of this risk, has had no consensus on the factors affecting it as these factors seem to be dynamic. In an effort to consider a comprehensive study at the firm level, this article examines the exchange rate exposure of 271 constituent firms from the BSE S&P 500 index. The study period was 2001 to 2020 divided into sub-periods around the financial crises of 2008. The study uses two contemporary approaches (the capital market approach and the cash flow approach) and five relevant exchange rates (USD, EURO, GBP, JPY, and REER) to measure the foreign exchange. The sample firms were divided into 10 industrial sectors to identify the factors that lead to exposure of firms to exchange rate volatility. We use multinomial logistic regression to regress the select factors with the measured value of exchange rate exposure. The findings of the article suggest that multinationality, fixed asset utilization ratio, hedging activities, industrial sectors, size, and age of the firms are the significant determinants of such exposure. The results varied during the sub-periods and across industries.


2021 ◽  
Vol 19 (1) ◽  
pp. 1
Author(s):  
Andres Dharma Nurhalim

The purpose of this study aims to explain the effect of electronic money on inflation and how much influence it has on the Indonesian economy. In this study the authors used a quantitative approach. The variables used are inflation, electronic money, exchange rate, money supply (M1), and BI interest rate. Result: The previous money supply (LQMprev) and the interest rate (BI Rate) were the main factors affecting inflation. In this result, e-money and exchange rates are not the main components driving inflation. Based on SPPS processing using regression, e-money and exchange rates do not have a significant effect on inflation in Indonesia, but LQMprev has a significant effect on inflation. From the results of this study it is still too early to analyze the effect of e-money on inflation because it is still relatively new in Indonesia.


1987 ◽  
Vol 63 (6) ◽  
pp. 439-445 ◽  
Author(s):  
John K. Jeglum

In a two-cut, alternate strip clearcutting system in upland black spruce, the main factors influencing black spruce regeneration in the first-cut strips were strip width, natural seeding period, amount of receptive seedbed and topographic position. In the three study areas, 80-m strips yielded over 60% stocking and over 7 500 seedlings per hectare with a 4-year natural seeding period. Narrower strips 40 m and 20 m wide showed increasing levels of reproduction. Four years of natural seeding gave better natural regeneration than two years. Seedling density and frequency in quadrats were correlated with the amount of receptive seedbed. Regeneration was more abundant on drainageways and lower slopes, and less abundant on upper slope and crest sites. For successful regeneration under similar climatic and physiographic conditions, strip widths should be no more than 80 m, and leave times no less than 3 years. It is essential to scarify the upland mineral soil sites, but scarification of lowland sites is not recommended, especially where there is abundant Sphagnum.


2014 ◽  
Vol 644-650 ◽  
pp. 16-20
Author(s):  
Hong Mei Yang

Cooling system is an important component of hot stamping dies, directly affects the quality and performance of the product. This article studies the work of hot stamping die process variation in temperature and heat transfer methods, analyzes the main factors affecting the cooling effect, and the use of numerical simulation of the flow of cooling water to simulate the state, and proposed rationalization proposals.


Author(s):  
Merinova S. ◽  
Polovenko L.

Today's situation of global development of the cyber economy and the spread of digital technologies have contributed to the creation of a new asset – digital cartographic currency, which is rapidly gaining popularity. Most scientists understand crypto-currency as digital money that is encrypted and protected by special algorithms that operate independently of the central bank. Cryptocurrency differs from electronic money primarily by the anonymity of its use. This state-of-the-art means of payment is gaining more and more popularity in use not only by individuals but also by legal entities around the world, which is why there is an objective need to determine the economic category to which cryptocurrency should be attributed and accounted for. Among a number of different cryptocurrencies, the most common is Bitcoin. Taking into account the popularization of cryptocurrency in the world as a completely new, innovative payment instrument of the XXI century. and the active use of Bitcoin and other types of cryptocurrencies, the development and use of this payment instrument in Ukraine and the world need further research. The article considers the functional roles of cryptocurrencies in the digital economy, examines trends and prospects for their development. Approaches to the interpretation of the essence of the concept of "cryptocurrency" are revealed, the main types of the most pop-ular cryptocurrencies today are considered, their general features are unified. It was found that the most common cryptocurrency is Bitcoin, analyzed the dynamics of changes in the exchange rate of this currency, compared the exchange rates of the 10 most common cryptocurrencies. It is noted that the first Ukrainian cryptocurrency was Karbowanec, an analysis of changes in the exchange rate of the domestic cryptocurrency. The legal status of cryptocurrency in some countries and in Ukraine has been stud-ied, and it has been found that more and more countries give cryptocurrency the status of a legal and legal means of payment, sometimes equating it to electronic money. It is noted that cryptocurrency today has both positive features and disadvantages, the main of which is the increased risk of fraud and fraud using digital currency.Keywords: cryptocurrency, Bitcoin, blockchain, electronic money, digital currency, digital economy, cryptocurrency market. У статті розглянуто функціональні ролі криптовалюти у цифровій економіці, досліджено тенденції та перспективи їх розвитку. Виявлено підходи до трактування сутності поняття «криптовалюта», розглянуто основні види найбільш популярних на сьогодні криптовалют, уніфіковано їх загальні ознаки. Встановлено, що найбільш розповсюдженою криптовалютою є Bitcoin, здійснено порівняння курсів 10 найбільш поширених криптовалют, проаналізовано зміну курсу вітчизняної криптовалюти. Досліджено правовий статус криптоваюти, виявлено, що все більше країн надають криптовалюті статус легального та правового засобу платежу, подекуди прирівнюючи її до електронних грошей. Зазначено, що криптовалюта має як позитивні риси, так і недоліки, головним з яких є підвищення ризику виникнення шахрайства та махінацій з використанням цифрової валюти.Ключові слова: криптовалюта, Bitcoin, блокчейн, електронні гроші, цифрова валюта, цифрова економіка, ринок крип-то валюти.


2011 ◽  
Vol 14 (1) ◽  
pp. 5-27
Author(s):  
Canh Thi Nguyen ◽  
Son Hung Tran

The purpose of this paper was to give an overview of economic development under reform and world integration and to evaluate the main factors influencing the growth of the Vietnamese economy during the reform period (1990-2009). Based on statistical data on the Vietnamese economy in the period of 1990-2009, this study analyzed the factors affecting economic growth. The policy changes, economic development, poverty rates and living standards of Vietnamese population are analyzed over the reform period using qualitative methods. The results of this study show that economic growth under reform and world integration has reduced the poverty rate and increased living standards of population in Vietnam. An evaluation of the factors influencing economic growth is made using a quantitative model of total factor productivity (TFP) and another econometric model. The findings from this quantitative analysis show that the growth of the Vietnamese economy was determined by two factors: (1) capital investments, including foreign direct investment (FDI) and (2) the growth of exports. The results of these qualitative and quantitative analyses lay the foundation for policy recommendations for Vietnam Government to develop economy in the future.


2007 ◽  
Vol 9 (2) ◽  
pp. 145-177
Author(s):  
M. Maulana Al Arif ◽  
Achmad Tohari

This paper analyzes the impact of the inflation and the world interest rate on the Indonesian economy and the effectiveness of the Indonesian central bank policy to adopt the domestic macroeconomic fluctuation.Assuming Indonesia as a small-open economy, the Stuctural Vector Autoregressive Model is utilized on the monthly data during the periode of 1999: 1 – 2004: 12 covering the main domestic macroeconomic indicator (output, price, money supply, interest rate and the exchange rate) and the world oil price and world interest rate as the disturbance source.The analysis provides 2 main results, first, the international variables do have impacts on the domestic variables fluctuation, implying the fragility of the domestic economy due to the external shock, second, the monetary policy is effective on supporting the economic growth and stabilizing the price level. However, the Bank Indonesia policy to stabilize the international shock via the exchange rate channel, contributes to a higher impact of the international shock on domestic interest rate.Keywords: monetary policy, business cycle, SVARJEL Classification: E52, E32, C32, F41


2021 ◽  
Vol 2021 (3) ◽  
Author(s):  
Anna V. Dyachenko ◽  
Alexandra I. Karintseva ◽  
Svetlana V. Tarasenko ◽  
Mykola O. Kharchenko ◽  
Yurii O. Mazin ◽  
...  

The paper provides an overview of the largest economic crises of the twentieth and twenty-first centuries ("Great Depression", crisis of 2008). Indicators for assessing economic crises are systematized. The main indicators characterizing economic crises are highlighted: the exchange rate, GDP, inflation, with the help of which the study of the 2019-2020 crisis was carried out. Fluctuations of stock indices of the main countries of the world and changes in the exchange rate of Ukraine; the rate of growth of world GDP; the inflationary processes in the world and in Ukraine are characterized. The recession at the beginning of 2020, due to both economic transformations and the COVID-19 pandemic, does not have unambiguous development forecasts. This is primarily due to the presence of a significant human factor in the course of this recession. Fiscal and monetary measures of countries, international organizations are the main instruments for overcoming the crisis. Crisis 2019-2020 forms both negative and positive economic phenomena. One of the most important positive phenomena is the growth of competition and the formation of demand for basic innovations of the sixth technological order, the introduction of which will significantly increase the competitiveness of goods and services of Ukrainian companies in the international space. The directions of response to the deployment of the 2019-2020 crisis in Ukraine are proposed.


VUZF Review ◽  
2021 ◽  
Vol 6 (1) ◽  
pp. 12-25
Author(s):  
Оlena Chukurna

The article considers the transformation of the money function as a consequence of the impact of dollarization on the economic development of countries in the global context. The economic substantiation of the process of dollarization of the economy, which is connected with the function of money, is proved. The influence of dollarization on the macro – and macro levels of the economy is substantiated. Approaches to methods of estimating dollarization on the economic development of the country in the context of globalization are proposed. The article defines the degree of dependence of the machine-building industry of Ukraine on the processes of dollarization of the world economy through the use of the effect of transferring the dynamics of changes in exchange rates to the price dynamics in the machine-building industry. Using the ARIMA model, the effect of transferring the exchange rate to prices for mechanical engineering products is proved. The expediency of using the ARIMA forecasting model to predict the further spread of the effect of the change in exchange rates on prices. An approach is proposed to determine the sensitivity of domestic prices for the products of engineering enterprises to changes in the exchange rate through modified elasticity coefficients. It was determined factors affecting the size of the effect of transfer of the exchange rate on domestic prices for the products of machine-building enterprises.


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