Factors behind the Russian Ruble Depreciation

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F15%3A00089187" target="_blank" >RIV/00216224:14560/15:00089187 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1016/S2212-5671(15)00827-8" target="_blank" >http://dx.doi.org/10.1016/S2212-5671(15)00827-8</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/S2212-5671(15)00827-8" target="_blank" >10.1016/S2212-5671(15)00827-8</a>

Result language
angličtina
Original language name
Factors behind the Russian Ruble Depreciation
Original language description
The primary cause of recent Russian economic downturn is the decline in global oil prices, which led to the currency crisis in Russia. However, other factors, which might have considerable effects on ruble exchange rate, are overlooked - for example changes in gold and gas prices, Russian interest rates, development of stock market and last but not least development of the USD exchange rate itself. A close relationship among these variables may be suspected. The purpose of this article is to discover this relationship and determine the impact of these variables on changes in the ruble exchange rate with the aid of cointegration analysis. It has been found out that besides the decline of the oil price, also decline of gold price, rise of stock market, increase in interest rates and appreciation of USD played a significant role in depreciation of ruble. (C) 2015 The Authors. Published by Elsevier B.V.
Czech name
—
Czech description
—

Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
4TH WORLD CONFERENCE ON BUSINESS, ECONOMICS AND MANAGEMENT (WCBEM-2015)
ISBN
—
ISSN
2212-5671
e-ISSN
—
Number of pages
7
Pages from-to
242-248
Publisher name
ELSEVIER SCIENCE BV
Place of publication
AMSTERDAM
Event location
Ephesus, TURKEY
Event date
Apr 30, 2015
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000381990300037

Similar results(10)