Exchange rate volatility, stock market performance and foreign direct investment in nigeria some experts on fdi implications of exchange rate volatility dismiss the empirical relevance of the the literature is relatively scanty on exchange rate volatility, stock market performance and fdi nexus. Bachelor thesis author: bsc(b) 6 semester jesper klug korsgaard supervisor: stig vinther møller stock returns and exchange rate volatility the aarhus school of business maj 2009 ii abstract this paper examines the relationship between firm value and exchange rate volatility by. The exchange rate volatility will be calculated by the standard deviation of the monthly percentage changes in the exchange rate a year the effect of exchange rate volatility on exports is, from the theoretical viewpoint, ambiguous and may have a positive or negative impact on export flows. Collection i abstract main objective of this thesis is to analyze the effect of exchange rate volatility and different exchange rate regimes on international trade.
Exchange rate volatility complements trade if exporters are sufficiently risk averse as a rise in an increase in exchange rate variability leads to an increase in an expected margin of utility of export revenue which act as an incentive for exporters. 2 1 introduction exchange rate volatility is a crucial element that needs to be considered for developing countries that depend extensively on trade the case of india. Consequences of exchange rate volatility on trade have extensively been examined and at the centre of debate, research on the effects of commodity price volatility on international trade (eg, on volume) is limited. Forward by stable exchange rates in order to provide stability to exchange rate volatility, although lack of quantitative evidence finds it hard to support the idea empirical studies have shown so far that exchange rate volatility and volume trade.
This doctoral thesis aims to contribute to the interaction between exchange rates and stock prices at firm level, using a large unbalanced panel consisting uk non-financial companies over the period 1990—2011. Exchange rate volatility: the case of turkey a thesis submitted to the graduate school of natural and applied sciences of middle east technical university. I modelling and forecasting usd-nrs exchange rate volatility a thesis submitted to the central department of economics, faculty of humanities and social sciences, tribhuvan university, kirtipur. 3 does capital control policy affect real exchange rate volatility a novel approach using propensity score matching acknowledgements i would like to thank my faculty advisor dr craig burnside for his patience, support.
Exchange rate volatility is the trend for foreign currencies to raise or decrease in value and affect the profits obtained from foreign exchange trades volatility refers to the measurement of the amount that these rate and frequency that these change occur. Therefore this theory is perhaps the least widely accepted of the economic models for predicting exchange rate volatility further work needs to be done on real exchange rate behavior as opposed to theoretical exchange rate behavior in order to devise a better and more realistic working model of the ppp. 1 exchange rate variations, volatility, and manufacturing investment in canada by jonathan french a thesis submitted in partial fulfillment of the requirements for the.
Despite the expectation that fixed exchange rates are less volatile, a 2004 imf study notes that on average, during the 1970s, 1980s, and 1990s, the volatility of fixed exchange rates was approximately the same as that of floating rates. Including coordinated exchange rate management between governments, joint currency market interventions by central banks, monetary unions, currency boards, etc faced with such a situation ﬂnancial economet. Abstract real exchange rate has proven to be an important factor in economy of a country therefore its volatility information is of importance to investors, policy makers, government and also other researchers.
» thesis on exchange rate volatility and international trade – 898563 this topic contains 0 replies, has 1 voice, and was last updated by gesmicyctiqua 2 days, 17 hours ago. Thesis set out to find answers to the questions of volatility spill over within, from and to the africa region and also to identify factors of exchange rate co-movement changes. Exchange rate volatility and the channels of manifestation is an empirical matter and this study examines the causes of exchange rate volatility and its impact on growth performance with the view to informing policy towards maintaining stable currency. This thesis thus carries out an empirical investigation on the exchange rate volatility and cross-country contagion/spillover effect within foreign exchange markets for a group of east asian countries in the context of the 1997/98 financial crisis.
Exchange rate volatility and its influence on trade that have arrived to different results the conclusion of this thesis is that the exchange rate volatility has a positive and highly significant effect in the exports of only one of the ten evaluated product groups. Three essays on exchange-rate misalignment mark joy submitted in fulﬂllment abstract theories of exchange-rate determination have generated a vast theoretical and empirical literature this thesis adds to that body of literature by asking three perhaps the best account of the high-frequency volatility of exchange rates but for the.
Exchange rate volatility and bank performance in nigeria owoeye taiwo important to examine how the level of volatility of exchange rate affects the performance of the industry this has been challenged by irreversibility of investment thesis dixit, pindyck (1994) suggested that in face of sunk costs and uncertainty, it is unnecessary. Ii abstract this paper empirically investigates the effect of exchange rate volatility on capital flows for the period 2000:q1 – 2014:q3 in south africa. Precision and personalization our exchange rate volatility experts can research and write a new, one-of-a-kind, original dissertation, thesis, or research proposal—just for you—on the precise exchange rate volatility topic of your choice.