Nexus of Ruble Exchange Rate and Other Macroeconomic Factors in the Period of Recent Economic Instability

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F15%3A00084880" target="_blank" >RIV/00216224:14560/15:00084880 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Nexus of Ruble Exchange Rate and Other Macroeconomic Factors in the Period of Recent Economic Instability
Original language description
Primary cause of recent Russian economic downturn was the decline in global oil prices, which led to currency crisis in Russia. But more factors need to be taken into consideration, specifically commodity prices, Russian interest rates, development of Russian stock market and development of the USD exchange rate. Existence of direct relationship between these individual factors and ruble exchange rate is likely. However, it is not sufficient to investigate only correlational relationships between thesevariables ? causal relationships need to be identified as well. Correlation between variables may be obvious from data, tables or plots, but causalities between variables are not clear at first sight. Determination of these causalities was the aim of this paper. This task was fulfilled by usage of VAR approach, which is considered to be standard econometric tool to determine Granger causality in case of stationary time series.
Czech name
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Czech description
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Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
European Financial Systems 2015. Proceedings of the 12th International Scientific Conference
ISBN
9788021079625
ISSN
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e-ISSN
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Number of pages
8
Pages from-to
641-648
Publisher name
Masaryk University
Place of publication
Brno
Event location
Brno
Event date
Jan 1, 2015
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000370679200084

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