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DETERMINANTS OF EXCHANGE RATE FLUCTUATIONS OF UZBEK SUM

Z. U. BerdinazarovStatistics and Research department of the Central Bank of UzbekistanJamshid MamasalaevEconomist at Statistics and Research Department of the Central Bank of UzbekistanJakhongirmirzo FakhodjonovEconomist at Statistics and Research Department of the Central Bank of UzbekistanKh. I. Dodoyev

Journal of science and innovative developmentjournal2019en

ABI

Annotatsiya

The paper examines the determinants of exchange rate fluctuations of Uzbek sum using three econometric models as OLS (Ordinary Least Squares), ARIMA (Autoregressive Integrated Moving Average) and MLARCH (Multivariate Longmemory Autoregressive Conditional Heteroskadasticity). Model results show that the effects of money supply and remittances to the nominal and real exchange rates (USD/UZS) are found statistically significant; the impacts of inflation and interest rate are not econometrically meaningful. It should be noted that the level of net trade influences to the exchange rate is not conclusive in our econometric analysis

Mavzular

Monetary Policy and Economic Impact Global Financial Crisis and Policies Market Dynamics and Volatility

Identifikatorlar

DOI: 10.36522/2181-9637-2019-1-2

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