Real Variables Research Papers - Academia.edu (original) (raw)

Análisis Matemático - Yu Takeuchi

The magnitude of the flow of remittances and its growth rate in Bangladesh are becoming gradually more significant. This huge flow of remittances can affect the production sector, employment structure and finally, the scale of external... more

The magnitude of the flow of remittances and its growth rate in Bangladesh are becoming gradually more significant. This huge flow of remittances can affect the production sector, employment structure and finally, the scale of external trade competitiveness of the economy through the Real Exchange Rate (RER). Therefore, the movement of RER from its equilibrium position is very important and at the same time, it is also crucial to identify the influencing factors of this process. Using Johansen cointegration and Vector Error Correction model, this study has found that this massive flow of remittances is considerably appreciating its RER and in fact, deteriorating the external trade competitiveness of Bangladesh. Thus, this procedure is slowly destroying the economy of Bangladesh through Dutch Disease. Therefore, gradual relaxation of the trade barrier including promoting external trade diversification along with diverting the remittances flow from non-tradable sector to priority inve...

Exchange rate provides a key link between the domestic and world markets for goods and assets. Therefore, a proper and detailed analysis of the behaviour of exchange rate is required. There is also growing agreement that prolonged and... more

Exchange rate provides a key link between the domestic and world markets for goods and assets. Therefore, a proper and detailed analysis of the behaviour of exchange rate is required. There is also growing agreement that prolonged and substantial exchange rate misalignment can create severe macroeconomic disequilibria and the correction of external balance will require both exchange rate devaluation and demand management policies. Thus the policy-makers have used PPP theory as a guide to represent the external competitiveness of a country, and as a benchmark against which floating exchange rates are judged to be misaligned. Developments in 1990s and 2000s show that cost associated with exchange rate misalignment is very high. Hence, the analysis of exchange rate determination in the presence of exchange rate misalignment is crucial for the policy purpose because of its role as a component of an early warning system [Berg, et al. (2000)].

Exchange rate provides a key link between the domestic and world markets for goods and assets. Therefore, a proper and detailed analysis of the behaviour of exchange rate is required. There is also growing agreement that prolonged and... more

Exchange rate provides a key link between the domestic and world markets for goods and assets. Therefore, a proper and detailed analysis of the behaviour of exchange rate is required. There is also growing agreement that prolonged and substantial exchange rate misalignment can create severe macroeconomic disequilibria and the correction of external balance will require both exchange rate devaluation and demand management policies. Thus the policy-makers have used PPP theory as a guide to represent the external competitiveness of a country, and as a benchmark against which floating exchange rates are judged to be misaligned. Developments in 1990s and 2000s show that cost associated with exchange rate misalignment is very high. Hence, the analysis of exchange rate determination in the presence of exchange rate misalignment is crucial for the policy purpose because of its role as a component of an early warning system [Berg, et al. (2000)].

Exchange rate provides a key link between the domestic and world markets for goods and assets. Therefore, a proper and detailed analysis of the behaviour of exchange rate is required. There is also growing agreement that prolonged and... more

Exchange rate provides a key link between the domestic and world markets for goods and assets. Therefore, a proper and detailed analysis of the behaviour of exchange rate is required. There is also growing agreement that prolonged and substantial exchange rate misalignment can create severe macroeconomic disequilibria and the correction of external balance will require both exchange rate devaluation and demand management policies. Thus the policy-makers have used PPP theory as a guide to represent the external competitiveness of a country, and as a benchmark against which floating exchange rates are judged to be misaligned. Developments in 1990s and 2000s show that cost associated with exchange rate misalignment is very high. Hence, the analysis of exchange rate determination in the presence of exchange rate misalignment is crucial for the policy purpose because of its role as a component of an early warning system [Berg, et al. (2000)].

The magnitude of the flow of remittances and its growth rate in Bangladesh are becoming gradually more significant. This huge flow of remittances can affect the production sector, employment structure and finally, the scale of external... more

The magnitude of the flow of remittances and its growth rate in Bangladesh are becoming gradually more significant. This huge flow of remittances can affect the production sector, employment structure and finally, the scale of external trade competitiveness of the economy through the Real Exchange Rate (RER). Therefore, the movement of RER from its equilibrium position is very important and at the same time, it is also crucial to identify the influencing factors of this process. Using Johansen cointegration and Vector Error Correction model, this study has found that this massive flow of remittances is considerably appreciating its RER and in fact, deteriorating the external trade competitiveness of Bangladesh. Thus, this procedure is slowly destroying the economy of Bangladesh through Dutch Disease. Therefore, gradual relaxation of the trade barrier including promoting external trade diversification along with diverting the remittances flow from non-tradable sector to priority inve...

In this study, we examine the determinants of foreign exchange rate, in other words the macroeconomic variables which are affecting the foreign exchange rate and especially whether the foreign exchange rate are influenced by the central... more

In this study, we examine the determinants of foreign exchange rate, in other words the macroeconomic variables which are affecting the foreign exchange rate and especially whether the foreign exchange rate are influenced by the central banks' gold reserves. The most important feature of the study is to determine the relationships between foreign exchange rate with the various macroeconomic variables such as GDP, M1, Import, Export, Gold Reserve, Total Reserves by panel data modeling, and also to handle the forecasts models for predicting the exchange rate in a summary and understandable way. By way of this thought, in this paper, the relationships between foreign exchange rate with the various macroeconomic variables have been investigated for G20 countries () for the period 2000-2017 with two regression models. Data set and methodology were mentioned in part III. According to the results obtained; we claim that the effects of percentage changes of macroeconomic parameters via both quarterly and yearly are statistically significant on the percentage change of USD exchange rate against national currency. In model-1 related with quarterly change; the results could be seen on table-4 and similarly in model-2 related with yearly change; the results could be seen on table-5. In brief; in this paper we see that the periodic changes both in the parameters of macroeconomic indicators and gold reserves within quantity and size directly effect the USD exchange rate against natioanl currency strongly.

This paper estimates both short term and long run relationship between the real bilateral EUR-USD exchange rate and its real determinants. In the long run, it finds that the non-stationary real exchange rate in levels is linearly... more

This paper estimates both short term and long run relationship between the real bilateral EUR-USD exchange rate and its real determinants. In the long run, it finds that the non-stationary real exchange rate in levels is linearly co-integrated with real variables. Using an ordinary least squares method with error correction mechanism, it investigates real EUR-USD exchange rate misalignment in the short term. By analysing real variables and their influence on international trade and capital movements, potential economic policies capable of maintaining equilibrium in the balance of payments and avoiding currency overvaluation are considered.