Determinants of Exchange Rate Fluctuations of Uzbek Sum

Determinants of Exchange Rate Fluctuations of Uzbek Sum

Zafar Berdinazarov

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Khasanjon Dodoev

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Jamshid Mamasalaev

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Jakhongirmirzo Fakhodjonov

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Determinants of Exchange Rate Fluctuations of Uzbek Sum

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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.

References

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

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Not applicable for this article.

How to Cite This Article

Zafar Berdinazarov. 2019. \u201cDeterminants of Exchange Rate Fluctuations of Uzbek Sum\u201d. Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 19 (GJMBR Volume 19 Issue B1): .

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GJMBR Volume 19 Issue B1
Pg. 9- 15

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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GJMBR-B Classification: JEL Code: F00

Submission ReceivedDecember 15, 2018
Peer Review Double Blind
Handling Editor
Accepted January 1, 2019
Published January 15, 2019

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v1.2

Issue date

April 8, 2019

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Article Matrices

Total Score: 104

Country: Uzbekistan

Subject: Global Journal of Management and Business Research - B: Economic & Commerce

Authors: Zafar Berdinazarov, Khasanjon Dodoev, Jamshid Mamasalaev, Jakhongirmirzo Fakhodjonov (PhD/Dr. count: 0)

View Count (all-time): 155

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Publish Date: 2019 04, Mon

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Total Views: 2895

Total Downloads: 1384

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