The Augmented Monetary Model and Exchange Rate Fluctuations; Case of RUB/USD

Zhuk, Olga; Gharleghi, Behrooz

doi:10.5539/ass.v11n10p231

Cited by 2 publications

(2 citation statements)

References 10 publications

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“…The value of the local currency against foreign currencies has been affected by several factors (Gharleghi et al, 2014; Hassan & Gharleghi, 2015; Sabyr et al, 2015; Zhuk & Gharleghi, 2015). Besides, the impact of debt and economic crisis on currency value has been debated in recent decades.…”

Section: Introductionmentioning

confidence: 99%

Debt and currency value during COVID‐19 in the Global South

Gharleghi¹

2023

Economic Affairs

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The aim of this article is to examine debt and currency vulnerability during economic turbulence in the Global South. A panel data analysis is performed on a panel of 25 economies consisting of nine developed and 16 developing countries with a focus on public and private debt. The empirical findings reveal that only public debt build‐up has an adverse effect on currency value. There is no evidence of a significant impact of recession periods on currency value for both private and public debt estimations. I also found that private debt build‐up can be more harmful than public debt in developing countries. In addition, both public and private debt have increased as percentages of GDP during COVID‐19.

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Section: Introductionmentioning

confidence: 99%

Debt and currency value during COVID‐19 in the Global South

Gharleghi¹

2023

Economic Affairs

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“…According to Kuepper (2008), gross domestic product is considered as the most comprehensive indicator of an economy. Literature consists of studies that has explored the relationship between exchange rate and gross domestic product; undeniably two very important fundamentals for the growth of the economy (Gharleghi & Shaari, 2012;Zhuk & Gharleghi, 2015). Afzal and Hamid (2013) have explored the factors influencing real exchange rate movements where the research was carried out for 15 countries from three different regions.…”

Section: Exchange Rate and Gross Domestic Productmentioning

confidence: 99%

Exchange Rate Determination in Maldives: A Study Based on the Sticky Price Monetary Model

Hassan¹,

Gharleghi²

2015

IJBM

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The exchange rate of Maldivian Rufiyaa to US dollar is permitted to fluctuate within a band between MVR10.28 and MVR 15.42 since 2011 after having a fixed exchange rate of 12.85 for a decade. During the year 2007, IMF reported that the exchange rate of the country was misaligned although in the 2008 report, the assessment was considered erroneous. Determination of exchange rate and understanding the exchange rate behavior are therefore essential to a systematic international financial market and to facilitate financial and economic corporations. Yet, no empirical literatures exist regarding the impact of macroeconomic fundamentals on exchange rate in the context of Maldives. Therefore, this study investigates the philosophy of the Dornbusch's Sticky price model of exchange rate determination for Maldivian economy by using quarterly data obtained for a period of 14 years from 2000 to 2013. The result revealed that the sticky price monetary model is not validated for the case of Maldives.

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The Augmented Monetary Model and Exchange Rate Fluctuations; Case of RUB/USD

Cited by 2 publications

References 10 publications

Debt and currency value during COVID‐19 in the Global South

Debt and currency value during COVID‐19 in the Global South

Exchange Rate Determination in Maldives: A Study Based on the Sticky Price Monetary Model

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