Development of automation tools for managing exchange rates based on nonlinear dynamics methods

Within the framework of this work, the tasks of studying the subject area of exchange rate management software, comparative analysis of several software solutions were solved. To implement the server part of the PM KB, the Python programming language was chosen. The Django framework formed the basis of the server part of the PM UKB. To implement the client, tools such as the Jinja template engine for collecting HTML pages, the Bootstrap framework for working with a grid and styles were used, and the JS language was used to create interactivity. The paper also presents a general scheme of the algorithm in a graphical form. Further in the article, the program blocks of authentication, data unloading, switching on and off the exchange, collecting modified data, adding the control data block to the point exchange rate management page, updating data in the database, updating data of specific rates are considered.

Unveiling the Effects of Foreign Exchange Interventions

This paper analyzes determinants and consequences of FX interventions in the Kyrgyz Republic. Most of the literature on the topic focuses on advanced and emerging economies and this paper provides new evidence from a low-income country. We find that FX interventions take place in response to movements in the exchange rate and its volatility. There is also evidence of “leaning against the wind”, which is more pronounced for relatively larger FX sales and purchases. The “leaning against the wind” is asymmetric toward FX sales and largely reflects leaning against depreciation of domestic currency. We document a varying degree of de-facto exchange rate stability despite the de-jure floating exchange rate regime. During most of the sample, the exchange rate management index was relatively low in line with the floating exchange rate regime, with the exception of the period from 2018 Q4 until the COVID-19 shock, during which the exchange rate management index was relatively high.

Solomon Islands

Solomon Islands has made substantial progress since the Tensions in the early 2000s but faces considerable economic and governance challenges and is highly vulnerable to natural disasters. Finding new sources of growth is becoming urgent with the decline in logging. Budget pressures are re-emerging; revenues have weakened while spending has picked up, including a sharp increase in payroll. Governance challenges stem from weak oversight of the resource sectors, a lack of transparency and a need to strengthen public financial management. The consultation focused on similar issues to last year—restoring fiscal buffers to build resilience, strengthening public financial management and public investment management, setting a medium-term fiscal strategy, improving governance, improving exchange rate management and building conditions for sustainable growth.

Reforms and Global Economic Integration of the Indian Economy

Nagesh Kumar brings out the reforms pursued since 1991 have deepened global integration of the Indian economy. Opportunities for product and market diversification remain to be fully exploited to sustain export growth and create more jobs. Despite healthy trade surpluses earned by services as India emerged as a global hub for ICT outsourcing, the balance of payment situation continues to face occasional pressures related to oil prices fluctuations. Export competitiveness needs to be strengthened through appropriate exchange rate management and opportunities for strategic import substitution need to be exploited by leveraging India’s large domestic market size using industrial policy measures, such as Make-in-India. While farsighted policies have led India becoming a part of emerging broader regional economic arrangement, Indian industry has yet to learn to exploit the opportunities provided by preferential access to East Asian markets rather than passively grant market access.

Impact of Exchange Rate Management on the Nigerian Economic Growth: Empirical Validation

This paper examined the impact of Exchange Rate Management on economic growth in Nigeria between 1980 and 2015. The study was set to gauge how the management of exchange rate in Nigeria has impacted the economy. The study employed the Ordinary Least Square (OLS) method in its analysis. Co-integration and Error Correction Techniques were used to establish the Short-run and Long-run relationships between economic growth and other relevant economic indicators. The result revealed that exchange rate management proxy by various exchange rates regimes in Nigeria was not germane to economic growth. Rather, government expenditure, inflation rate, money supply and foreign direct investment significantly impact on economic growth in Nigeria. It is against this backdrop that the Nigerian economy must diversify her export base to create room for more inflow of foreign exchange.