Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 20 of 21 for “"Foreign Exchange Rate"”.
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New Evidence on Interest Rate and Foreign Exchange Rate Modeling
… issues of market anomalies in interest rates derivatives and foreign exchange rates. The first essay models the spot exchange rate as a decomposition of permanent and transitory components. Unlike extant analysis, the transitory component could be stationary or explosive. The second …
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Optimization models for foreign exchange rate hedging using currency options
Thesis (M.S.)--Massachusetts Institute of Technology, Sloan School of Management, 1989.
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The impact of sovereign credit ratings on foreign exchange rate returns in Africa
… the impact of sovereign credit ratings on foreign exchange rate returns for a sample of 27 African countries over the period 2003–2018 to examine the response of the exchange rates around the time of sovereign rating announcements. The data consist of longterm foreign currency sovereign …
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Foreign Exchange Rate Transaction Exposure in Emerging Insurance Markets: A Model of the Egyptian Insurance Market.
… they can use to create common hedge(s) to manage foreign exchange risk. This is the first empirical study to focus on the limitations when modelling foreign exchange rate transaction exposure in emerging insurance markets. This work is based on the cash flow methodology proposed by Martin and …
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The risk-related behaviour of financial intermediaries
… chapters focusing on the contagion, interest rate, foreign exchange rate, and investment risk exposures of financial institutions, respectively. Chapter 1 provides an overarching view of the four empirical chapters and the main objective of the thesis. Chapter 2 examines the return and …
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The impact of macroeconomic variables on the equity market risk premium in South Africa
… assets. Past studies have identified inflation rate, interest rate, foreign exchange rate and political risk as the key macroeconomic variables that determine the size of the MRP. The test of the impact of these variables on the MRP have however been based mainly on data from developed countries …
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Effects of systemic risk, exchange rate risk and collateral demand: the enforcement of initial margin on South African over‐the‐counter derivatives
… market stress scenarios. Lastly, the potential foreign exchange rate exposure to local dealers from licencing an international central clearing party is quantified and examined. Collateral demand calculated with the risk‐sensitive models used by central clearing counterparties and for …
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The predictability of exchange rates using oil price changes : a thesis presented in partial fulfilment of the requirements for the degree of Master of Management in Finance at Massey University
This study investigates the predictability of exchange rates using oil price changes. It is found that, on a daily basis, changes in oil prices predict several major currency exchange rate returns. In the twenty-three year sample of daily data for currency markets, a statistically significant …
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The influence of derivatives usage on firm value
… to hedge financial risks, including interest rate, foreign exchange rate and commodity price risk. Such hedging activities add to firm value by alleviating market imperfections, the presence of which provides an incentive to hedge. However, derivative instruments can also be used for …
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Value creation in international acquisitions : evidence from U.S. firms buying into Canada
… the variation in the abnormal returns generated by international takeover announcements. Using a dummy-variable approach and a sample of 187 transactions between Canada and the U.S., we examine the stock behavior of American companies that have purchased Canadian firms in the period …
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The effects of oil prices and other economic indicators on housing prices in Calgary, Canada
… found an astonishing correlation. Oil prices, exchange rate, interest rate and employment levels can determine up to 98% of the changes in house prices and rents. Oil prices, representing economic viability of the city, affect the real estate industry with a lag of 7 quarters of approximately …
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Impact of the global financial crisis and its implications for the Zambian banking sector: an econometric study
… on Assets (ROA); Non-Performing Loans (NPL); Foreign Assets (FA); Interbank Lending Rate (IBLR); Liquidity (LQD); Credit to Private Sector (PRV); Foreign Exchange Rate (FOREX); Inflation (INFL); Copper Price (CU); and a ‘dummy’ variable (CRISIS). The direction of causality between the …
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A quantitative analysis of factors influencing housing demand in SA
… housing demand in South Africa and incorporates quantitative analysis on the relationship between interest rates, exchange rates, inflation and housing demand. Most studies on this subject have been conducted in the developed market context, as such, this research study aims to fill the gap …
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The fundamental determinants of the South African real exchange rate from 1995 to 2014
In a connected world, the foreign exchange rate for any country ensures that exports are competitive, imports are affordable, and there exists an economic environment conducive for sustainable growth of the economy. South Africa as an emerging country is no exception. Many stakeholders including, …
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The impact of government debt on foreign direct investment in Zambia
… the nation as an attractive destination for foreign direct investment (FDI) inflows on the other hand. The study sought to answer the question, can a country that is highly indebted attract meaningful FDI inflows that would spur economic growth? The research looked at a period of ten (10) …
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A variable risk hypothesis in a forward exchange market
Whenever anticipated foreign exchange rate values determine, in part, the actions of forward exchange market speculators it is argued that changing amounts of risk (over time) will be reflected in the forward exchange rate. To suppose that risk has some <i>constant</i> impact on the price of …
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Foreign Portfolio Investment and the Financial Constraints of Small Firms
This essay examines the impact of foreign portfolio investment on the financial constraints of small firms. Utilizing a dataset of over 195,000 firm-year observations across 53 countries, I examine the impact of foreign portfolio investment on capital issuance and firm growth across countries and …
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The effectiveness of the use of funds in Capital Projects: Case study of Eskom a hedging perspective
… services in the country. Companies exposed to foreign exchange rate risk should hedge as a mitigation strategy. Eskom hedges all commitments above R150 000 according to their policy. The most common hedging instrument that is used is forward exchange contract (FEC) and swaps. This thesis …
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Risk Management Practices in Saudi Listed Companies: An Institutional Perspective
… that Saudi listed companies hedge more interest rate risk than other financial risks, using conventional derivatives contracts which are prohibited in Islam. This finding is surprising in a country such as Saudi Arabia that is regulated and dominated by Shariah law. The political, cultural and …
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