Factors behind the Russian Ruble Depreciation

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Factors behind the Russian Ruble Depreciation

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Factors behind the Russian Ruble Depreciation

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

—

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2015

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

4TH WORLD CONFERENCE ON BUSINESS, ECONOMICS AND MANAGEMENT (WCBEM-2015)

ISBN

—

ISSN

2212-5671

e-ISSN

—

Počet stran výsledku

7

Strana od-do

242-248

Název nakladatele

ELSEVIER SCIENCE BV

Místo vydání

AMSTERDAM

Místo konání akce

Ephesus, TURKEY

Datum konání akce

30. 4. 2015

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000381990300037