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        1 - Evaluation the Effect of Exchange Rate Fluctuations on Medical Care Price Indexes in Iran
        Hamid Kordbache Zahra Ahmadi
        Introduction: Given the importance of medical care on the public health and its high inflation rate relative to the changes in the cost of living in Iran, this research is to study the effects of exchange rates on the inflation of medical care. Methods: In this study, a More
        Introduction: Given the importance of medical care on the public health and its high inflation rate relative to the changes in the cost of living in Iran, this research is to study the effects of exchange rates on the inflation of medical care. Methods: In this study, an ARCH model has been used to examine the effects of exchange rate fluctuations on the consumer and producer price indexes of medical care for a quarterly dataset over the period 2004 -2014. Moreover, ECM integration method has been applied to investigate the long-term relationship between the variables. Results: Based on the results of ARCH and ECM models, exchange rate, liquidity and GDP have the significant and positive impact son medical care price index in the short and long-term.  The finding show that the effects of exchange rate changes on medical care price index for consumer price index and producer price index are0/23 and 0/14 in the short-term and 0/327 and 0/256  in long-term respectively. Conclusion: However the finding of this study asserts a stronger relationship between exchange rate and medical care over the consumer price index compare to the producer price index. Manuscript profile
      • Open Access Article

        2 - Assessing the Exchange Rate Fluctuation on Tehrans Stock Market Price: A GARCH Application
        Maryam Khalili Araghi Meisam Mohazzab Pak
      • Open Access Article

        3 - Asymmetric Co-integration based on Nonlinear ARDL: Evidence from Tehran Stock Exchange
        hamid hooshmandi
        Investing in the stock market is very important as a profitable opportunity in the economy. The purpose of this article is to investigate the asymmetry in the amount and direction of the influence of exchange rate impulses and global crude oil prices on stock returns in More
        Investing in the stock market is very important as a profitable opportunity in the economy. The purpose of this article is to investigate the asymmetry in the amount and direction of the influence of exchange rate impulses and global crude oil prices on stock returns in the Tehran Stock Exchange. For this purpose, daily data (2011:11:26--2021:3:19) and the Nonlinear Autoregressive Distributed Lag Model approach of NARDL have been used. The results of Pesaran et al.'s co-integration test (2001) showed the existence of long-term relationship between stock returns with exchange rate and global crude oil price. In the following, based on the results of the Wald test and the research model, the asymmetric effects of exchange rate shocks on stock returns in the short and long term were confirmed. In the short term, positive exchange rate impulses on stock returns were not significant. Also, in the long term, the effect of negative exchange rate shocks is more than its positive shocks on stock returns. The impact of oil prices on stock returns was confirmed in the short term. The findings of the research showed that the exchange rate has a greater impact on stock returns in the Tehran Stock Exchange than the price of oil. Manuscript profile
      • Open Access Article

        4 - Investigating the Short-Term and Long-Term Effects of Real Currency Value on Iran's Stock Exchange
        Masoume Karimi Gholamreza Zomorodian
        Money and monetary policy, on the one hand, are the source of economic activity and on the other hand, the value of money and the speed of its circulation are influenced by the conditions and economic activities. According to many scholars, the criterion of the importan More
        Money and monetary policy, on the one hand, are the source of economic activity and on the other hand, the value of money and the speed of its circulation are influenced by the conditions and economic activities. According to many scholars, the criterion of the importance of money is that it can have a decisive impact on the economical structure of the countries. Along with this approach the present study is looking for to determine and quantify the effect of the real value of money on Iran's gross domestic product, it will be a useful guide for policy makers to properly plan future programs. According to objectives this research is practical and according to the methodology inductive reasoning and the research design is retrospective study; the time period for doing this research is 1991- 2016. In this study, inferential statistics were used to analyze the relationship between variables. Accordingly, based on theoretical foundations and various studies which have been carried out both inside and outside the country, all the variables that influenced the Iran Stock Exchange were identified.In the following, according to the statistical characteristics of the variables, the Autoregressive Distributed Lag(ARDL) was selected as an appropriate econometric model. Based on the real value of money, short-term and long-term money does not have a significant effect on gross domestic product; but government expenditures, exports, imports and exchange rates have a positive and significant impact on Iran Stock Exchange over the short term and in the long termperiod. The results also indicated that the error correction model (ECM) coefficient in the study was about 0. 347; in other words, about 34.7 percent of the Iran Stock Exchange's imbalance variable from its long-term values disappears after a period of time. Accordingly, if the Iran Stock Exchange exits from the initial equilibrium due to the shock, 3 courses of time are needed to correct short-term imbalances and gross domestic product will return to the original long-term equilibrium. Manuscript profile
      • Open Access Article

        5 - Recognizing the Impact of Fluctuations in Foreign Exchange Rates and Interest Rates on the Index of Economic Freedom in Iran
        marjan meymandi somayeh shokravi Akbar Bagheri
      • Open Access Article

        6 - Economic policy of Forouqi's government during occupation of Iran (August 1941)
        sadegh bafandeh
        Mohamad Ali Forouqi has multidimensional character. Critical role that he did when Iran had been occupied was not possible for any politician.  A hotly debated controversy in Iranian history is the devaluation of the rial immediately after the occupation of Iran by More
        Mohamad Ali Forouqi has multidimensional character. Critical role that he did when Iran had been occupied was not possible for any politician.  A hotly debated controversy in Iranian history is the devaluation of the rial immediately after the occupation of Iran by the Allied forces. Dr Mosharraf Naficy, the finance minister who is associated with this devaluation, is criticized severely and even branded a traitor and foreign agent. He, on the other hand, has defended his decision with regard to the exchange rates and claimed that there was no devaluation. The Second World War as an episode in the modern history of Iran has received little attention.1 In particular, the economic condition of the country is rarely mentioned let alone studied. The present article aims at making a small contribution to the subject by studying the controversial issue of the devaluation of the rial. Manuscript profile
      • Open Access Article

        7 - Spillover Effects of Trade and Exchange Rates Shocks from Iran`s Major Trading Partners: GVAR approach
        Aziz Saki Seyed Aziz Arman hasan farazmand
        This article deals with how trade and exchange rates shocks of major trading partners affect the Iranian economy. For this purpose, quarterly data of 10 major Iranian trading countries, including Brazil, China, Germany, India, Italy, Korea, Turkey, Russia, UAE and Switz More
        This article deals with how trade and exchange rates shocks of major trading partners affect the Iranian economy. For this purpose, quarterly data of 10 major Iranian trading countries, including Brazil, China, Germany, India, Italy, Korea, Turkey, Russia, UAE and Switzerland during the period 1996 to 2019 has been used. Econometric parameters has been estimated by Global Vector Autoregressive approach.The modeling results show that the increase in the real exchange rate in Brazil, in some cases, increases the real exchange rate in Iran. Rising real exchange rate in China first reduces and then increases the real exchange rate in Iran. In addition, Increasing China's trade increases the level of Iran's trade. According to the results, when Iran's imports from a country are higher, it is more affected by exchange rate shocks in that country, which can be seen in response to real exchange rate shocks in China. Manuscript profile