The empirical study of the efficiency of the impact of macroeconomic variables on national currency

This paper studies the efficiency of the impact of oil price, key interest rate and inflation on the exchange rates in the Russian Federation. The authors researched the effect of oil prices and other economic variables on the currency rate of dollar to ruble. The regression model has accurately sho...

Ausführliche Beschreibung

Gespeichert in:

Bibliographische Detailangaben
Veröffentlicht in:	International Conference on Efficiency as a Source of the Wealth of Nations (7. : 2017 : Breslau) Efficiency in business and economics
1. Verfasser:	Karpenko, Oksana A. (VerfasserIn)
Weitere Verfasser:	Karpova, Daria P. (VerfasserIn), Grigorieva, Elena M. (VerfasserIn), Savenkova, Elena V. (VerfasserIn), Guirinskiy, Andrey V. (VerfasserIn)
Format:	UnknownFormat
Sprache:	eng
Veröffentlicht:	2018
Schlagworte:	Exchange rate > Impact on national currency > Inflation > Macroeconomic variables > Oil prices > Aufsatz im Buch > Kongressbeitrag
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!

Bestellen

Beschreibung
Zusammenfassung:	This paper studies the efficiency of the impact of oil price, key interest rate and inflation on the exchange rates in the Russian Federation. The authors researched the effect of oil prices and other economic variables on the currency rate of dollar to ruble. The regression model has accurately shown this interrelation. The impact of macroeconomic variables and close interrelation between the exchange rate of dollar to ruble and oil prices is revealed. Oil price is a dominating factor in a exchange rate mechanism in Russia. When world oil prices are stabilized and sanctions are cancelled, currency fluctuations and uncertainty will be minimized. The monetary policy of Russian Central bank is to become less rigid, but focused on decrease of the inflation rate and on stabilization of national currency rate.
ISBN:	9783319682846 9783319885766