The introduction of the international exchange market (FOREX) and identify factors that predict the real exchange rate in Iran

Subject Areas : Financial Economics

مرجان Daman keshideh ¹ , نازی Mohamadzadeh asl ²

1 - ئکتری اقتصاد و عضو هئیت علمی دانشگاه آزاد اسلامی واحد تهران مرکزی
2 - استادیار و عضو هئیت علمی دانشگاه ازاد اسلامی ،دانشکده اقتصاد و حسابداری واحد تهران مرکزی

Received: 2015-05-11 Accepted : 2015-05-11 Published : 2012-09-22

Keywords:

Abstract :

FOREX is one of the most important and largest financial markets in the world. This market primarily used to reduce the risk of exchange rate changes and the second place as a way to profit the difference in rates. This article has two main approaches: First to introduce and review how activity in the FOREX market, the second, most important preconditions for the presence in this market forecast exchange rate changes, the factors affecting the real exchange rate in using the ARDL method is studied. The survey results show that the variables government spending, oil revenues, capital flows and the degree of openness of the economy, including the main factors influencing the real exchange rate in Iran.

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