ANALYSES THE BALANCE OF PAYMENT INTERACT FROM FOREIGN EXCHANGE MARKET EVENTS: THE CASE OF IRAN

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AGHAZADEH KAMALI N.; DELAVARI MAJID; ASGHAR ESFANDIYARI A.

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Journal: FINANCIAL KNOWLEDGE OF SECURITY ANALYSIS (FINANCIAL STUDIES) Year:2015 | Volume:8 | Issue:25 Page(s): 81-100

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Title

ANALYSES THE BALANCE OF PAYMENT INTERACT FROM FOREIGN EXCHANGE MARKET EVENTS: THE CASE OF IRAN

Author(s)

AGHAZADEH KAMALI N. | DELAVARI MAJID | ASGHAR ESFANDIYARI A. | Issue Writer Certificate

Keywords

BALANCE OF PAYMENTQ3

FOREIGN EXCHANGEQ2

GARCH MODELQ3

NEAR-VECM MODELQ3

Abstract

The BALANCE OF PAYMENTs is one of the most important economic indicators for each country, because this variable is important information to the international situation and shows how the national economy conecte to other countries, FOREIGN EXCHANGE and gold stock changes. In other words, the importance and reviews the BALANCE OF PAYMENTs and thus the FOREIGN EXCHANGE market is obvious because the majority of developing countries including Iran are suffering from the foreign trade imbalance due to its unpleasant effects on the domestic economy (production, inflation, etc.). Therefore, this study is trying to investigating the effect of implications and consequences of exchange rate shocks on the BALANCE OF PAYMENTs. This study uses monthly time series data for the period 1385 Fravardin to 1392 Mordad and has been using NEAR-VECM MODEL. Near-VECM which have higher explanatory power in comparing VECM base on the study result, analysis the effect of exchange rate volatility on The BALANCE OF PAYMENTs, in addition to the exchange rate changes. According to the study findings, there were strong and significant short-run and long-run relationships between the research variables and also negative and significant short-run and long-run relationships between the FOREIGN EXCHANGE volatility and the BALANCE OF PAYMENT. In addition, the coefficient of error correction term is equal to (-0.6) and it is negative and significant that shows the high speed adjustment process. Therefore, considering the research results, it is necessary that government executive economic policies to be designed and implemented with emphasis on reducing the volatility in the FOREIGN EXCHANGE market.

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APA: Copy

AGHAZADEH KAMALI, N., DELAVARI, MAJID, & ASGHAR ESFANDIYARI, A.. (2015). ANALYSES THE BALANCE OF PAYMENT INTERACT FROM FOREIGN EXCHANGE MARKET EVENTS: THE CASE OF IRAN. FINANCIAL KNOWLEDGE OF SECURITY ANALYSIS (FINANCIAL STUDIES), 8(25), 81-100. SID. https://sid.ir/paper/200169/en

Vancouver: Copy

AGHAZADEH KAMALI N., DELAVARI MAJID, ASGHAR ESFANDIYARI A.. ANALYSES THE BALANCE OF PAYMENT INTERACT FROM FOREIGN EXCHANGE MARKET EVENTS: THE CASE OF IRAN. FINANCIAL KNOWLEDGE OF SECURITY ANALYSIS (FINANCIAL STUDIES)[Internet]. 2015;8(25):81-100. Available from: https://sid.ir/paper/200169/en

IEEE: Copy

N. AGHAZADEH KAMALI, MAJID DELAVARI, and A. ASGHAR ESFANDIYARI, “ANALYSES THE BALANCE OF PAYMENT INTERACT FROM FOREIGN EXCHANGE MARKET EVENTS: THE CASE OF IRAN,” FINANCIAL KNOWLEDGE OF SECURITY ANALYSIS (FINANCIAL STUDIES), vol. 8, no. 25, pp. 81–100, 2015, [Online]. Available: https://sid.ir/paper/200169/en

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