This paper investigates the impact of exchange rate fluctuations on the value of nonfinancial firms in Chile. Using a detailed dataset on firms’ foreign activities, the potential determinants of the identified exposure are examined. Foreign exchange exposure depends on the levels of foreign currency debt and foreign currency assets. Levels of tradeables (exports and imports) do not explain expo...

the successful key of trading in the forex market is the selection of correct exchange in proper time based on an exact prediction of future exchange rate. foreign exchange rates are affected by many correlated economic, political and even psychological factors. therefore, in order to achieve a profitable trade these factors should be considered. the application of intelligent techniques for fo...

Failure to timely identify the occurrence of various shocks in the foreign exchange market due to the close relationship with the monetary, macroeconomic, and financial uncertainty can lead to crises and imbalances. In this paper, the effect of exchange rate and investor confidence on monetary and economic uncertainty in Iran is investigated, specifying a Multivariate GARCH model and the Grange...

in this article, real exchange rate behavior and its effects on macroeconomic variables are studied by explaining two models; impulse function and forecasting predicted error decomposition. studies show that high artificial currency value has caused domestic and foreign accounts equilibrium disturbance and foreign income decrease due to the slackening of commercial and agricultural activities, ...

We argue that a higher share of the private sector in a country’s external debt raises the incentive to stabilize the exchange rate. We present a simple model in which exchange rate volatility does not affect agents’ welfare if all the debt is incurred by the government. Once we introduce private banks who borrow in foreign currency and lend to domestic firms, the monetary authority has an ince...

Trading Volume (Liquidity) is the perfect complement to returns. Therefore, research regarding volume becomes an important thing in capital market. Various factors that influence Liquidity (TV) are bid-ask spread; interest rates, exchange and foreign funds. The study uses Amihud Illiquidity Ratio (AIR) as a proxy for liquidity. data Indonesian Composite Index liquidity, all variables, daily bas...

Accurately forecasting the foreign exchange rate is important for export-oriented enterprises. For this purpose, a fuzzy and neural approach is applied in this study. In the fuzzy and neural approach, multiple experts construct fuzzy linear regression (FLR) equations from various viewpoints to forecast the foreign exchange rate. Each FLR equation can be converted into two equivalent nonlinear p...