scholarly journals The Gold Cliché

2020 ◽  
Vol 4 (10) ◽  
pp. 141-148
Keyword(s):  
Exchange Rate ◽  
Literature Review ◽  
Inflation Rate ◽  
The Other ◽  
Extensive Literature ◽  
Pricing Model ◽  
The Us ◽  
The World ◽  
Us Dollar ◽  
The Uk

This study reports the findings from an extensive literature review on the factors that influence the prices of gold and the connections/interrelationships among global gold markets. Among other things, evidence observed from the literature review suggests that whilst there are seven main markets for gold across the world now, the prices of gold in the US and other markets do not have much impact on the prices of gold in the UK. The evidence also suggests that the impacts of the other factors like the exchange rate of the US dollar, inflation rate, interest rate, etc., on the price of gold are hard to quantify and use in a pricing model. Further, as more researches being published regarding gold factors, the newly discovered factors become intertwined with the factors that were discovered earlier by previous researches, hence complicates the explanation of gold factors.

scholarly journals Effect of Exchange Rate Returns on Equity Prices: Evidence from South Africa and Nigeria

2017 ◽  
Vol 9 (11) ◽  
pp. 35
Author(s):  
Jibrin Daggash ◽  
Terfa W. Abraham
Keyword(s):  
South Africa ◽  
Exchange Rate ◽  
Stock Market ◽  
Stock Exchange ◽  
Equity Prices ◽  
The Us ◽  
Short Run ◽  
Us Dollar ◽  
The Exchange Rate ◽  
The Uk

This paper examines the exchange rate returns of the Rand (relative to the US dollar) and the Naira (relative to the US dollar) for the presence of volatility. It also examines the effect of the exchange rate returns on the performance of their respective stock market. While it was found that the returns of the South African Rand was volatile, the Nigerian naira was not. Estimating the effect of exchange rate returns and crude oil price on the stock market indices of both countries showed that exchange rate return have a positive effect on the performance of the Nigerian stock exchange thus, confirming the stock flow hypothesis for Nigeria and refuting same for South Africa. Although the VAR granger causality identifies short run fluctuation of the naira as a significant factor affecting the performance of the Nigerian stock exchange in the short run, the Johannesburg stock exchange was found to be mostly affected by short run changes in the Rand and the UK FTSE 100. The paper concludes that policies aimed at stabilizing exchange rate and encouraing more non-oil stocks to be quoted in the Nigerian stock exchange will important. For the Johanesburg stock exchange, raising the listing requirement for firms quoted in the UK FTSE 100 and also seeking listing or already listed in the JSE will be a plausible idea. For both countries, however, curtailing swings in their exchange rate returns would help attract new investments and sustain existing ones hence, helping to spur growth.

Chapter II. The World Economy

1988 ◽  
Vol 125 ◽  
pp. 23-39
Author(s):  
R.J. Barrell ◽  
Fiona Eastwood
Keyword(s):  
Central Bank ◽  
World Economy ◽  
The Other ◽  
Central Bank Intervention ◽  
The Us ◽  
The World ◽  
Us Dollar ◽  
Major Factors ◽  
Better Than

Between June and July the dollar rose by around 5 per cent against the other major currencies, despite central bank intervention to hold the dollar down. There have been two major factors behind this strength. Firstly, the US trade figures improved in April and May and were considerably better than the market had anticipated. This reflected both some reduction in the volume and value of imports and an increase in the level of exports. Sentiment towards the US dollar has also been affected by the strength of growth in the other major industrial economies.

scholarly journals The Influence of The Inflation Rate and The Interest Rate of Bank Indonesia Certificates on The Composite Stock Price Index With The Us Dollar Exchange Rate As A Moderating Variable on The Indonesia Stock Exchange

2020 ◽  
Vol 3 (3) ◽  
pp. 212
Author(s):  
Dwi Septiani
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Stock Price ◽  
Price Index ◽  
Inflation Rate ◽  
Dollar Exchange Rate ◽  
The Us ◽  
Us Dollar ◽  
Stock Price Index ◽  
The Interest Rate

This study aims to determine how the influence of the inflation rate and the interest rate of Bank Indonesia Certificates (SBI) on the Composite Stock Price Index (IHSG) with the US dollar exchange rate as a moderating variable on the Indonesia Stock Exchange 2007-2016. The data of this research consists of inflation rate reports, Bank Indonesia Certificate interest rate reports, US dollar exchange rate reports and reports on the Composite Stock Price Index for 120 (one hundred and twenty) months, starting from 2007 to 2016. Methods The research used in this research is associative research with quantitative data analysis. Data calculation was performed by using multiple regression analysis of the relationship, t test, F test and the coefficient of determination R2. Meanwhile, to test the moderating variable using the interaction test. The inflation rate variable (X1) and the interest rate for Bank Indonesia Certificates (SBI) (X2) with the US dollar exchange rate (X3) as the moderating variable simultaneously have a positive and insignificant effect on the Composite Stock Price Index (IHSG) (Y) on the Stock Exchange. Indonesia 2007-2016. The coefficient of determination of 0.596065 means it is known that the influence of the inflation rate variable (X1) and the interest rate for Bank Indonesia Certificate (SBI) (X2) with the US dollar exchange rate (Z) as the moderating variable is 59.61% while the rest 40.39% is explained by other variables that are not explained and examined in this study. Keywords: Inflation Rate, Bank Indonesia Certificate Interest Rate, US Dollar Exchange Rate and Composite Stock Price Index

The World Economy

1995 ◽  
Vol 151 ◽  
pp. 30-52
Author(s):  
Ray Barrell ◽  
Nigel Pain ◽  
Julian Morgan
Keyword(s):  
Exchange Rate ◽  
World Economy ◽  
Output Growth ◽  
Bretton Woods ◽  
The Past ◽  
The Us ◽  
The World ◽  
Exchange Rate Movements ◽  
The Uk ◽  
Output Gaps

Output growth throughout the OECD has been rising this year, and several economies including the US, Canada and the UK look as if are reaching their cyclical peak. Other economies, such as France, Italy and Spain, are still operating below capacity, but have been growing rapidly enough to prevent output gaps widening. Output gaps in Europe appear to be small, and Barrell and Sefton (below) calculate they could be approaching zero. This upturn in activity has been unlike most in the post-Bretton Woods era, as inflation has not, until recently, begun to rise. Inflation in the US was, it appears, lower in 1994 than in the previous four years, despite a strong output recovery. The appreciation of the yen, and the subsequent recession have, of course, kept Japanese inflation low. However, exchange-rate movements are part of a process of ‘sharing’ world inflation, and over the past three years there has been little to share. For example, inflation in Europe has been lower than we anticipated 18 months ago, even though a slowdown in activity was already apparent then.

scholarly journals Stochastic Analysis of the Exchange Rate of Naira, YEN, GBP, CFA and FRANC in Relation to US Dollar and Predicting the Naira for the Year 2025

2019 ◽  
Vol 4 (6) ◽  
pp. 15-18
Author(s):  
Ledisi Giok Kabari ◽  
Believe B. Nwamae
Keyword(s):  
Exchange Rate ◽  
Stochastic Analysis ◽  
Prediction Accuracy ◽  
The Other ◽  
The Past ◽  
Currency Exchange ◽  
Currency Exchange Rate ◽  
The World ◽  
Us Dollar ◽  
Other World

In Nigeria today, constant fluctuations of exchange rate or volatility is of great importance in one way or the other to the general public because its fluctuation has an effect on the economy. The objectives of the paper were to investigate the recent changes in the naira currency and other world currencies if there appear to be any relationship. Data was obtained from daily exchange rate of different countries’ currencies from 12/10/2005 and 2/11/2018 with 3,190 observations obtainable from the Data and statistics publication of the Central Bank of Nigeria. The study investigates the past recent changes in the naira and four foreign currencies of the world (Pounds, Yen, Cfa and Swiss Franc) and their relationship plotted as signal using MATLAB 2016a.  The four currencies were randomly selected from the list of world currencies. Multiple Linear Regression was used to perform the analysis. The analysis of 3,190 observation resulted in a prediction model that has 97% prediction accuracy, which suggests that under ideal circumstances and baring any natural disaster, total collapse of the economy or major crisis like recession.  The results from the model of this study suggest that fluctuation in currency exchange rate of other currencies has significance on the Nigerian exchange rate and as such should be considered when designing exchange rate policies.

Problem of Yuan Undervaluation in US-China Trade Relations

2012 ◽  
pp. 20-28
Author(s):  
A. Polivach
Keyword(s):  
Exchange Rate ◽  
National Currency ◽  
Chinese Government ◽  
Scientific Validity ◽  
Trade Relations ◽  
China Trade ◽  
The Us ◽  
World Economic ◽  
Us Dollar ◽  
World Economic Crisis

Before the world economic crisis the Chinese government restricted the sphere of the Yuan’s circulation exceptionally by the domestic market. Basically, until that time the Yuan was not freely convertible while the Chinese foreign trade transactions were operated with the help of the US dollar. This is a sufficient reason to state that the issue of Yuan’s underestimated exchange rate has no fundamental relevance. However, the crisis forced China to substantially extend the utilization of its national currency in the international settlements. This is especially true in case of mutual settlements with the neighbor countries. So far, presumably, the issue of Yuan’s underestimated exchange rate will, at last, receive a scientific validity only when the Chinese national currency will become fully convertible and the scales of its utilization will become comparable with those of the traditional hard currencies.

Chapter II. The World Economy

1983 ◽  
Vol 106 ◽  
pp. 26-38
Keyword(s):  
North America ◽  
Industrial Production ◽  
World Economy ◽  
Western Europe ◽  
West Germany ◽  
The Us ◽  
The World ◽  
The Uk ◽  
A Minor ◽  
Minor Extent

The recovery in the OECD area gathered pace in the second quarter, when its total GDP probably increased by as much as 1 per cent. The rise was, however, heavily concentrated in North America and particularly the US. There may well have been a slight fall in Western Europe, where the level of industrial production hardly changed and increases in gross product in West Germany and, to a minor extent, in France were outweighed by falls in Italy and (according to the expenditure measure) the UK.

scholarly journals Macro Economic Challenges and Third Party Funds of Islamic Commercial Banks in Indonesia

2019 ◽  
Vol 3 (1) ◽  
Author(s):  
Anik Anik ◽  
Iin Emy Prastiwi
Keyword(s):  
Exchange Rate ◽  
Money Supply ◽  
Time Series Data ◽  
Data Gathering ◽  
Third Party ◽  
Series Data ◽  
Monthly Data ◽  
The Us ◽  
Us Dollar ◽  
Gathering Data

This article aims to determine the effect of inflation, the BI Rate, the exchange rate of the rupiah to the US dollar, and the amount of money supply for Third Party Funds (TPF) in Indonesians’ Islamic Banks during 2013-2016. This research method uses multiple regression analysis with time series data; gathering data from 48 samples of which are monthly data on the variables.  The result of this research find that the inflation and exchange rate variables have no significant effect on TPF, while the BI Rate variable and the money supply have a significant effect on TPF. In doing so, Islamic banking can pay serious attention to the BI rate and the money supply and in this study the BI rate on the direction of TPF. Keywords: inflation, BI rate, exchange rate, Third Party Funds

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