سیویلیکا را در شبکه های اجتماعی دنبال نمایید.

External Debt and Exchange Rate Fluctuations in Iran: Markov Switching Approach

Publish Year: 1401
Type: Journal paper
Language: English
View: 97

This Paper With 18 Page And PDF Format Ready To Download

Export:

Link to this Paper:

Document National Code:

JR_IER-26-3_007

Index date: 13 October 2023

External Debt and Exchange Rate Fluctuations in Iran: Markov Switching Approach abstract

When External net assets change, a country's money supply and the central bank's debt will change. The exchange rate is much more critical in countries like Iran because a significant portion of the government's revenue comes from the External exchange of natural resources. So, the exchange rate directly influences the government's financial situation, revenues, and costs. As External debt is one of the main financing resources of the budget deficit, thus how it will be spent can positively or negatively affect the exchange rate fluctuations. This research tried to study the effect of External debt on the exchange rate by using a monetary approach to the exchange rate and used time series data for the 1981–2017 period. In addition, due to the nonlinear relationship between the variables based on the LR and BDS test, nonlinear models were used to estimate. The results show that External debt and money supply have positive and significant effects on the exchange rate. So, monetary policy can derivate the exchange rate from its long-run trend. In contrast, the difference between domestic and external production has a negative and significant effect on the exchange rate.

External Debt and Exchange Rate Fluctuations in Iran: Markov Switching Approach Keywords:

External Debt and Exchange Rate Fluctuations in Iran: Markov Switching Approach authors

Afsaneh Zareei

Faculty of Administrative and Economic Sciences, Ferdowsi University of Mashhad, Mashhad, Iran

Mostafa Karimzadeh

Faculty of Administrative and Economic Sciences, Ferdowsi University of Mashhad, Mashhad, Iran

Zeinab Shabani Koshalshahi

Faculty of Administrative and Economic Sciences, Ferdowsi University of Mashhad, Mashhad, Iran

Zahra Ranjbarian

Faculty of Administrative and Economic Sciences, Ferdowsi University of Mashhad, Mashhad, Iran

مراجع و منابع این Paper:

لیست زیر مراجع و منابع استفاده شده در این Paper را نمایش می دهد. این مراجع به صورت کاملا ماشینی و بر اساس هوش مصنوعی استخراج شده اند و لذا ممکن است دارای اشکالاتی باشند که به مرور زمان دقت استخراج این محتوا افزایش می یابد. مراجعی که مقالات مربوط به آنها در سیویلیکا نمایه شده و پیدا شده اند، به خود Paper لینک شده اند :
Ahangari, A., Farazmand, H, S., Afgheh, M., & Fazeli, A. ...
Ahmadian Behrooz, K. (۲۰۱۶). Studying the Impact of External Debt ...
Ajayi, R. A. (۱۹۹۱). On the Simultaneous Interactions of External ...
Alizadeh, M., Golkhandan, A., & Mohammadian Mansour, S. (۲۰۱۵). The ...
Asonuma, T. (۲۰۱۶). Sovereign Defaults, External Debt, and Real Exchange ...
Branson, W. H., & Henderson, D. W. (۱۹۸۵). The Specification ...
Bunescu, L. (۲۰۱۴). The Impact of External Debt on Exchange ...
Cahyadin, M., & Ratwianingsih, L. (۲۰۲۰). External Debt, Exchange Rate, ...
Cavallo, M., Kisselev, K., Perri, F. & Roubin, N. (۲۰۰۵). ...
Devereux, M. B., & Lane, P. R. (۲۰۰۳). Understanding Bilateral ...
Djeutem, E., & Kasa, K. (۲۰۱۳). Robustness and Exchange Rate ...
Draz, M. U., & Ahmad, F. (۲۰۱۵). External Debts and ...
Fallahi, F., Asgharpour, H., & Ahmadian Behrooz, K. (۲۰۱۹). Studying ...
Frenkel, J. A. (۱۹۷۶). A Monetary Approach to the Exchange ...
Frankel, J. A. (۱۹۸۳). Monetary and Portfolio-balance Models of Exchange ...
Fujii, E. (۲۰۲۰). Currency Portfolio of External Debt, Exchange Rate ...
Kouladoum, J. C. (۲۰۱۸). External Debts and Real Exchange Rates ...
Loría, E., Sánchez, A., & Salgado, U. (۲۰۱۰). New Evidence ...
Masaku, J. N. (۲۰۱۲). An Investigation of the Effects of ...
Nazari, F., Yadollahzadeh, N., & Tabari, A. (۲۰۱۴). The Impact ...
Odera, Q. A. (۲۰۱۵). An Analysis on the Effect of ...
Saheed, Zakaree S., Ibrahim E. S., & Blessing O. I. ...
Syllignakis, M., N., & Georgios P. K. (۲۰۱۱). Markov-Switching Regimes ...
Tehranchian, A. M., Gilak Hakim Abadi, M. T., & Firoozi, ...
Tokuo, I. W. A. I. S. A. K. O., & ...
Wiriadinata, U. (۲۰۱۸). External Debt, Currency Risk, and International Monetary ...
Yadalehzadeh Tabari, N. A., & Nazari, N. (۲۰۱۵). The Impact ...
نمایش کامل مراجع