Determinants of Exchange Rate Fluctuations of Uzbek Sum

Article ID

1H0EF

Determinants of Exchange Rate Fluctuations of Uzbek Sum

Zafar Berdinazarov
Zafar Berdinazarov
Khasanjon Dodoev
Khasanjon Dodoev
Jamshid Mamasalaev
Jamshid Mamasalaev
Jakhongirmirzo Fakhodjonov
Jakhongirmirzo Fakhodjonov
DOI

Abstract

This paper examines the determinants of exchange rate fluctuations of Uzbek sum by using three econometric models OLS (Ordinary Least Squares), ARIMA (Autoregressive Integrated Moving Average) and ML ARCH (Multivariate Long memory Autoregressive Conditional Heteroskadasticity). Model results show that the effects of money supply and remittances to the nominal and real exchange rates (USD/UZS) are found statistically significant; the impacts of inflation and interest rate are not econometrically meaningful. Also, it should be noted that the level of net trade influences to the exchange rate is not conclusive in our econometric analysis.

Determinants of Exchange Rate Fluctuations of Uzbek Sum

This paper examines the determinants of exchange rate fluctuations of Uzbek sum by using three econometric models OLS (Ordinary Least Squares), ARIMA (Autoregressive Integrated Moving Average) and ML ARCH (Multivariate Long memory Autoregressive Conditional Heteroskadasticity). Model results show that the effects of money supply and remittances to the nominal and real exchange rates (USD/UZS) are found statistically significant; the impacts of inflation and interest rate are not econometrically meaningful. Also, it should be noted that the level of net trade influences to the exchange rate is not conclusive in our econometric analysis.

Zafar Berdinazarov
Zafar Berdinazarov
Khasanjon Dodoev
Khasanjon Dodoev
Jamshid Mamasalaev
Jamshid Mamasalaev
Jakhongirmirzo Fakhodjonov
Jakhongirmirzo Fakhodjonov

No Figures found in article.

Zafar Berdinazarov. 2019. “. Global Journal of Management and Business Research – B: Economic & Commerce GJMBR-B Volume 19 (GJMBR Volume 19 Issue B1): .

Download Citation

Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Classification
GJMBR-B Classification: JEL Code: F00
Keywords
Article Matrices
Total Views: 2822
Total Downloads: 1333
2026 Trends
Research Identity (RIN)
Related Research
Our website is actively being updated, and changes may occur frequently. Please clear your browser cache if needed. For feedback or error reporting, please email [email protected]

Request Access

Please fill out the form below to request access to this research paper. Your request will be reviewed by the editorial or author team.
X

Quote and Order Details

Contact Person

Invoice Address

Notes or Comments

This is the heading

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

High-quality academic research articles on global topics and journals.

Determinants of Exchange Rate Fluctuations of Uzbek Sum

Zafar Berdinazarov
Zafar Berdinazarov
Khasanjon Dodoev
Khasanjon Dodoev
Jamshid Mamasalaev
Jamshid Mamasalaev
Jakhongirmirzo Fakhodjonov
Jakhongirmirzo Fakhodjonov

Research Journals