Due to flaws in fiscal and financial structures, currency rate changes have detrimental effects on emerging economies. The lack of protection tools insufficient levels market development leaves African nations exposed such harmful consequences rates exchange volatility. This study attempted investigate the impact movements volume reserves held by countries struggling maintain enough earnings wa...

Using a State-space model, this paper investigates the contribution of both observed and unobserved fundamentals to nominal exchange rate movement in Iran for the period 1991:2-2011:4. To this end, we follow Engel and West (2005) and Balke et al. (2013) and use an asset-pricing approach to develop a rational expectations present value exchange rate model. In order to examine the role of fun...

This paper compares the effects of exchange rate movements on the risk/return characteristics of direct investment property assets for non-domestic investors with particular emphasis on economic and translation risk. The correspondence between four property markets (US, UK, Canada, and Australia) and the appropriate exchange rates are examined in order to analyse the pattern and temporal stabil...

This paper investigates the emerging influence of the Chinese renminbi on the exchange rate movements of East Asian currencies. China stopped pegging her currency to the US dollar and moved into a managed floating exchange rate system on July 21, 2005. The change in China’s exchange rate regime opens a window of opportunity to investigate the influence of renminbi on the exchange rate movements...

One of the most important effects of exchange rate movementsisitseffecton the exporting price of different products. According to the new trade theories, market structure plays an important role in relating exchange rate depreciations to price declines. In Iran, exchange rate has increased in recent years.Inspired by this assumption, this paper attempts to investigate the impact of exchange rat...