List of Articles Exchange rate fluctuation

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  1 - “Iran Export Engineering &Technical Services” (Identifying Barriers & Offering Suggestions)
  H. Nezakati Alizadeh, F. Farzm
  According to the performed research in the field of engineering & technical services export in Iran .And with consideration of existing problems in this section, 4 effective categories has been identified in main activities with their relevant sub-cat More

  According to the performed research in the field of engineering & technical services export in Iran .And with consideration of existing problems in this section, 4 effective categories has been identified in main activities with their relevant sub-categories including: Bank activities; Financing methods; Presenting exchange facilities; Exchange bank guarantee issuing conditions; Establishing international bank relationships; Insurance coverage, Companies capabilities, Machineries & equipments conditions, specialized humans resources abilities; attendance of Iranian consultant companies in target countries; Marketing techniques & approaches used by Iranian exporters; Economic environment (exchange); Exchange rate fluctuation, Internal inflation rate, Government activities; political supports by Government; Cooperation & expediting the administrative affairs by relevant organizations; Governmental rules & regulation stability; Export promotions & awards. And each subcategory has been specified on the basis of testing according to priority. Manuscript profile
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  2 - Evaluation of Home Bias in Consumption and Exchange Rate Fluctuations (DSGE Approach)
  Mohammad Akbari mohammad javad sharifzade ali ranjbaraki
  The aim of this study is to evaluate the result of the exsictance and change in consumer home bias on macroeconomic variables (such as consumption and inflation), in the event of exogenous shocks to the economy. In order to do so, seasonal data of the period 1394-1370 a More

  The aim of this study is to evaluate the result of the exsictance and change in consumer home bias on macroeconomic variables (such as consumption and inflation), in the event of exogenous shocks to the economy. In order to do so, seasonal data of the period 1394-1370 and a dynamic stochastic general equilibrium model has been used. After designing the model, parameters of the suggested model are estimated by Bayesian approach. Reviewing the impulse response functions in the event of exogenous shocks (such as oil revenue shock and technological shock) shows that, with home bias exsictance in the model, inflation and consumption volatility will reduced due to the increased volatility of exchange rate. Based on the results it is recommended that, In order to control endogenous variables (including inflation), In the event of exogenous shocks, especially oil revenue shock, the exchange rate should be allowed to fluctuate more. Manuscript profile
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  3 - Use of Black Market premium (BMP) to Investigate the Changes of Exchange Rate on the Added-value of Industry
  hamidreza izadi maryam izadi
  Instability of exchange actual rate increases the risk and uncertainty, decrease of investment, shortening of investment horizon, instability of financial markets, reduction of foreign trade, allocation of the resources to the non-productive activities, reduction of ind More

  Instability of exchange actual rate increases the risk and uncertainty, decrease of investment, shortening of investment horizon, instability of financial markets, reduction of foreign trade, allocation of the resources to the non-productive activities, reduction of industry added value and the growth of production rate and economy. By using Black Market Premium, this paper tries to evaluate the exchange rate fluctuations and its deviations during 1971-2010 due to the importance of the exchange rate variations, and then survey the negative effects of these fluctuations and deviations on the surplus value of industry. Manuscript profile
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  4 - Asymmetric Effect of Exchange Rate Fluctuations on Stock Return in the Iranian Stock Market
  Mohammadreza Nahidi Amirkhiz
  In this paper, the asymmetric effect of exchange rate fluctuations on the stock return in the Iranian stock market was investigated. Using a graph model, exchange rate fluctuations are measured and then, stock return is estimated by considering these fluctuations for th More

  In this paper, the asymmetric effect of exchange rate fluctuations on the stock return in the Iranian stock market was investigated. Using a graph model, exchange rate fluctuations are measured and then, stock return is estimated by considering these fluctuations for the period between 1979 and 2021. The results of this study indicated that exchange rate fluctuations have a significantly positive effect on the stock return. In addition, this study tested the effect of fluctuations between the foreign exchange market and the stock market. Due to the low degree of simultaneous fluctuations between these two markets, investors can reduce their investment risk by allocating their capital between currency and stocks. Manuscript profile
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  5 - The Influence of Real Exchange Rate Fluctuations on the competition indices in Iran’s Economy (1979-2013)
  وحید منافی انور فرهاد خداداد کاشی جهانگیر بیابانی فاطمه پاسبان
  Abstract In every country the value of money is closely related to economic power, continual and stable growth of physical commodities and the more production stability would continue, the cost index is more steady.One country that has desirable and fast economic growt More

  Abstract In every country the value of money is closely related to economic power, continual and stable growth of physical commodities and the more production stability would continue, the cost index is more steady.One country that has desirable and fast economic growth, as compared with other countries , its money will be strengthened. Growth of each economic factors such as gross domestic product and partial sale and employment result in demand increasing for that foreign currency and consequently its strengthening.On other hand, some policies can increase the international competition power for one country in clued micro economics and macro economics.The purpose of this research would be considering the change real exchange rate and its effects on the competition indices in Iran’s economy during the period of 1979-2013 The equations are estimated by VAR test and using eviews6. Estimation results show that oil incomes and budget deficits had negative effects on real exchange rate, and GDP and liquidity had positive effects on real exchange rate.   Manuscript profile
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  6 - Investigating the impact of exchange rate fluctuations as an economic stability evaluation index on asset value stability indicators
  mihammad hosin emaratian Ali Najafi Moghadam Ali Baghani Mohsen Hamidian Ghodratolah Emamverdi
  10.30495/fed.2022.697613
  AbstractThe purpose of this study was to investigate the effect of exchange rate as an indicator of economic stability on the stability of assets value in Tehran Stock Exchange during the years 1385 to 1397. For this purpose, the current research is included in descript More

  AbstractThe purpose of this study was to investigate the effect of exchange rate as an indicator of economic stability on the stability of assets value in Tehran Stock Exchange during the years 1385 to 1397. For this purpose, the current research is included in descriptive research in terms of research method and applied research in terms of purpose. Also, the design of this research is using the post-event approach. Also, in the current research, the panel data model was used to investigate the relationship between the variables. The results of the research showed that the fluctuation of the exchange rate has a significant effect on the first indicator of the stability of asset value, i.e. the book value of assets, at the level of 95%, and this effect is reversed. The effect of exchange rate fluctuation on the second index of asset value stability, which is the market value of assets, is significant at the 95% level. Also, the effect of exchange rate fluctuation on the third index of asset value stability, i.e. the current value of assets, was also negative and significant at the 95% level. Considering the influence of the exchange rate on the indicators of the stability of the value of assets, it is suggested that relying on domestic production and using raw materials available inside the country is one of the solutions to reduce losses caused by exchange rate fluctuations. Manuscript profile
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  7 - The effects of exchange rate appreciation on the stock value of pharmaceutical companies based on the estimated value obtained from the evaluation models of cash dividend discount, free cash flow and residual profit and real price
  Javad Einabadi nayereh moradi
  The effect of exchange rate appreciation on the stock value of pharmaceutical companies based on the estimated value obtained from the evaluation models of cash dividend discount, free cash flow and residual profit and real priceAbstractIn order to conduct this research More

  The effect of exchange rate appreciation on the stock value of pharmaceutical companies based on the estimated value obtained from the evaluation models of cash dividend discount, free cash flow and residual profit and real priceAbstractIn order to conduct this research, basic information and stock prices of 52 pharmaceutical companies listed on the Tehran Stock Exchange during the years 1390 to 1398 have been collected and used in evaluation using the cash flow discount model and other models. (1) And testing the first hypothesis of the research, in order to calculate the stock valuation for pharmaceutical companies using three models of discounted dividend, discounted dividend and discounted free cash flow, showed that the estimated stock price using the discounted dividend model has the highest Dispersion and with the discount dividend model has the lowest dispersionThe results show that at 75% confidence level there is a direct relationship between exchange rate fluctuations and stocks of pharmaceutical companies and between the three models of price estimation and real stock prices, at least one group average is different from other groups. (2) Manuscript profile
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  8 - Investigating the effect of Exchange Rate Fluctuations on Export of steel in Iran using Mixed Frequency Data Sampling Models (MIDAS)
  Elham Eslahchi Farideh Haghshenas Kashani
  Today, in Iran and all over the world, steel plays a crucial role in production and industrial sectors. Therefore, to increase and stabilize exports and eliminate the dependence of the country's budget on oil; adopting policies to diversify and expand the export of non- More

  Today, in Iran and all over the world, steel plays a crucial role in production and industrial sectors. Therefore, to increase and stabilize exports and eliminate the dependence of the country's budget on oil; adopting policies to diversify and expand the export of non-oil goods, especially the steel, by removing obstacles and adopting appropriate solutions in all developing countries with a single-product economy, including Iran, is inevitable.The purpose of this article is investigating the effect of exchange rate fluctuations on export of steel accordingly in MIDAS modeling framework. this model makes it possible to review former steel export forecasts and revise them regarding the impact of exchange rate fluctuations on steel industry exports, if more reliable data is available. In the estimated Midas model, annual statistics of steel exports, steel production, real and uncertain production, exchange rate, monthly variables of exchange rate and sanctions index are utilized during from 1992 until 2021. The results show that there is a positive relationship between the exchange rate and steel exports, and the relationship between exchange rate fluctuations and steel exports is negative, therefore these effects are more intense in the long term. Manuscript profile
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  9 - The Impact of Macroeconomic Indicators on Stock Returns Fluctuations
  Hadi Mahboubi Marjan Damankeshideh Houshang Momeni Shahriyar Nessabian
  10.30495/faar.2023.705564
  Abstract The present article explains the effect of some macroeconomic indicators on stock return fluctuations .Artificial exchange rate pricing in the years before the crisis and preventing it from adjusting to the economic conditions is one of the main reasons for th More

  Abstract The present article explains the effect of some macroeconomic indicators on stock return fluctuations .Artificial exchange rate pricing in the years before the crisis and preventing it from adjusting to the economic conditions is one of the main reasons for the recent currency crisis. Also, the calculation of the foreign exchange market pressure index indicates that the highest numbers obtained for this index are related to the time when the gap between the free exchange rate and the official exchange rate has increased. The results also showed that the effect of exchange rate fluctuations on stock return fluctuations is positive and significant, which indicates that there is a high correlation between stock returns and the exchange rate market. Also, the positive sign of the coefficient indicates a positive and significant effect of interest rates on the variability of stock returns. This result shows that higher interest rates have led to more fluctuations in stock returns. Finally, GDP per capita was not significant in any of the error levels of 1, 5 and 10%, which indicates that it did not have a significant effect on stock fluctuations. Manuscript profile
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  10 - The effect of exchange rate fluctuations on economic growth and inflation, 1340-1388
  A. Tavakoli N. Turquoise F. Karimi
  The exchange rate is one of important macroeconomics indices which its fluctuation has large effects on economic growth and inflation rate. Therefore, the policymakers should take into account when   analyzing exchange rate behavior.Applying the econometrics of OLS More

  The exchange rate is one of important macroeconomics indices which its fluctuation has large effects on economic growth and inflation rate. Therefore, the policymakers should take into account when   analyzing exchange rate behavior.Applying the econometrics of OLS and SUR methods, the present study uses a yearly time series of 1961 to 2009 to estimate the effects of exchange rate fluctuations on Iranian economic growth and inflation rate.  Both methods of Cover (1992) and GARCH are applied to calculate the fluctuations. In addition to the exchange rate fluctuations, the effects of oil price fluctuations, calculated using a GARCH method, is included in the model. The effect of exchange rate and oil price fluctuations along with other policy variables such as money liquidity and government expenditures are considered in the model.The estimated results show that the exchange rate and oil price fluctuations affect the economic growth and inflation rate:The positive and negative exchange rate fluctuations have direct effect on economic growth.The positive and negative exchange rate fluctuations have negative and positive effects on inflation rate, respectively.The (expected) exchange rate changed has a positive effect on the economic growth. This effect on inflation rate is negative.The oil price fluctuations have a positive effect on economic growth but a negative effect on inflation rate.Taking into account of both money liquidity and government expenditure changes, the effect of liquidity change is positive on economic growth and inflation rate, whereas; the government expenditure change only affects the economic growth positively. Overall, the effect of liquidity change overcomes the effect of government expenditure.  Comparing the effects of exchange rate and oil price changes on economic growth and inflation, the impact effect of exchange rate changes is more pronounce. Manuscript profile
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  11 - The Study of the relationship between Exchange Rates and the Total Factor Productivity (TFP) Growth: An Empirical Analysis Based On Panel Data in Selected Countries
  Mohammad Reza Shahab
  Productivity is one the important concepts and fundamental necessity for the economic growth and development of all countries of the world. Hence, the study and identification of variables and factors influencing it, is essential especially for appropriate policymaking. More

  Productivity is one the important concepts and fundamental necessity for the economic growth and development of all countries of the world. Hence, the study and identification of variables and factors influencing it, is essential especially for appropriate policymaking. The main objective of this study can be served as an investigation of the effect of exchange rate fluctuations on the TFP growth and to achieve this, the third class of endogenous growth theories have been considered in order to design hypotheses and model.To test hypotheses, the panel data methodology is employed for the period of 2000 to 2009 and the specified model is estimated for 7 selected countries of APO members including I.R Of Iran in deferent approaches and in order to determine the presence and type of effects, the Leamer and Hauseman tests are carried out.The results of estimations confirm our two hypotheses and statistically indicate that the significant relation between exchange rate fluctuations and TFP growth cannot be rejected so that the TFP growth will decline if the exchange rate increases and vice versa. Furthermore, the study has several consequences which are concerned with the effects of other variables on the TFP growth, such as the degree of openness to foreign trade and inflationary circumstances. Policy recommendations have been discussed in the terminal sector of paper.  Manuscript profile