DETERMINANTS OF EXCHANGE RATE FLUCTUATIONS FOR VENEZUELA: APPLICATION OF AN EXTENDED MUNDELL-FLEMING MODEL HSING‚ Yu* Abstract Applying and extending the Mundell-Fleming model‚ this study attempts to examine the behavior of short-term real exchange rates for Venezuela. It finds that the real effective exchange rate is positively associated with real government deficit spending and negatively influenced by real M2‚ the world interest rate‚ county risk‚ and the expected inflation rate. Hence‚ the
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Assignment Topic 2 AUD/USD Exchange Rate The main movements of the AUD/USD exchange rate in the past eighteen months will be studied‚ as well as the underlying conditions that caused these specific movements to happen. Economic models and theories will be used to support the discussion and to analyse the reason for these fluctuations. Discussion will then take place to whether these movements have been a help or a hindrance to the overall health of the Australian economy. FIGURE 1.0
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The economic impact of high gas prices 1 The Economic Impact of High Gas Prices A Brown Strayer University The Economic Impact of High Gas Prices 2 The Economic Impact of High Gas Prices Section 1: Introduction The American economy is one of the strongest in the world; people from every country comes here to live or travel on vacation with their families and take advantage of its many economical opportunities available to its citizens. Traveling is one of
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Economic Crisis in Nigeria. NIGERIA. (google)The evolution of Nigeria was from about 1849 until it attained independence in 1960. During this period a lot of events occurred‚ and is largely the story of the great impact of the British on the Nigerian people. The colonial authorities (British) sought to define‚ protect and realize their imperial interest in the portion of West Africa because of its endowment with natural resources‚ apparently this occurred about hundred years ago. The British was
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THE VOLATILITY PRICE OF CRUDE OIL AND ITS RESPONDENT FACTOR Dr. R. Thenmozhi *‚ Trinley Paldon ** *Associate Professor‚ Dept of Management Studies‚ University of Madras‚ Chennai. Email:thendeivam@yahoo.com ** Research Scholar‚ Dept of Management Studies‚ University of Madras‚ Chennai. Email: trinley21@yahoo.co.in Abstract The pricing of crude oil in domestic monetary policy has always been efficacious in controlling or keeps in touch with the inflation. The immediate effects of inflation sparse
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Shell Oil in Nigeria 1. What are some of the factors explaining why corruption and bribery are so high in Nigeria? Nigeria is considered to be one of the most corrupt countries in the world. Many different forms of corruption are familiar to Nigeria including political corruption‚ bureaucratic corruption‚ electoral corruption‚ embezzlement‚ and bribery. Corruption has even been said to be a viable enterprise in Nigeria due to the involvement of citizens‚ government officials‚ and private
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Introduction 2 2. Exchange control and its uses 2 2.1 . Disadvantages of tightly managed exchange control 2.2 . Advantages of flexible exchange controls 2.3 . Disadvantages of flexible exchange controls 3. Emerging markets and exchange control 3 4. South Africa and exchange controls 3 5. Conclusion 5 6. References 6 List of figure: Figure 1: Exchange rate forecast 4 Figure 2: Price of Brent crude oil 4 Figure
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categorization of Nigeria economy 3 Chapter 1: The discovery of oil and the Nigerian economy 4 Type chapter title (level 2) 5 Type chapter title (level 3) 6 Abstract: Nigeria has remained a point of reference in Africa and on global level. This is stem from the fact that‚ it is one of the largest exporters of crude oil to developed nations of the world. For more than three decades therefore‚ crude oil has been the major hub of the energy‚ revenue and foreign exchange earner for the Nigerian
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Exchange Rate The rate at which the currency unit of one country may be exchanged for that of another. Exchange rate plays a critical role in country’s level of trade. An exchange rate has two components‚ the domestic currency and a foreign currency‚ and can be quoted either directly or indirectly. In direct quotation‚ the price of a unit of foreign currency is expressed in terms of the domestic currency. Eg: 1 US Dollar = 60.21 INRIn an indirect quotation‚ the price of a unit of domestic currency
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The Economic Impact of the BP Oil Spill In April of 2010‚ a British Petroleum operated oil drilling rig off the Gulf of Mexico‚ the Deepwater Horizon‚ exploded suddenly after high pressure methane gas from the oil well rose to the drilling rig‚ causing it to ignite and then sink to the bottom of the ocean floor. The explosion caused a sea-floor level oil blowout‚ and crude oil was leaked into the surrounding water for three months before a solution was found. After eighty-seven long days‚ the wellhead
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