FOREIGN EXCHANGE RATE SENSITIVITY AND STOCK PRICE : ESTIMATING ECONOMIC EXPOSURE OF TURKISH COMPANIES INTRODUCTION Variability in exchange rate is a major source of macroeconomic uncertainity affecting firms. After the 1970 ’s‚ the rapid expansion in international trade and adoption of floating exchange rate regimes by many countries led to increase exchange rate volatility. The firm ’s exposure to exchange rate risk increased. In the literature three types of exposure under floating exchange
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capital as at March 2002 was 397 billion yen. Toyota is exposed to the fluctuation in foreign currency exchange as it operates mainly in America‚ Continental Europe and Britain. It is therefore affected by the fluctuation in the value of the US dollar‚ the Euro and to a lesser extent the British pound. Toyota ’s consolidated financial statements‚ which are presented in the Japanese yen‚ are affected by the foreign exchange fluctuation‚ as all the amounts in the various countries ’ currencies have to
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Problems Associated with Foreign Aid Picture One year after the release of The End of Poverty‚ New York University economist William Easterly released a book entitled White Man’s Burden which criticized Jeffrey Sachs’ promotion of more aid to Africa. Easterly contended that "Sachs’ anti-poverty prescriptions rest heavily on the kindness of some pretty dysfunctional regimes"‚ arguing that large amounts of international aid are generally wasted or embezzled by corrupt governments. For example‚ he points
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stated intent and objective of the Government of India to attract and promote foreign direct investment in order to supplement domestic capital‚ technology and skills‚ for accelerated economic growth. ―Foreign Direct Investment‚ as distinguished from portfolio investment‚ has the connotation of establishing a lasting interest in an enterprise that is resident in an economy other than that of the investor. FDI (FOREIGN DIRECT INVESTMENT) : FDI is defined as investment by a resident entity in one
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AN ASSESSMENT ON INFLOW OF FOREIGN DIRECT INVESTMENT IN NEPAL Presented by: Babita Bhattarai Binod Sapkota Nepal has strong potential and viable areas for economic development such as agriculture‚ hydropower‚ tourism‚ biodiversity and traditional export to attract and mobilize the Foreign Direct Investment (FDI). This paper aims at making
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JÖNKÖPING INTERNATIONAL BUSINESS SCHOOL J ÖNKÖPING UNIVERSITY Foreign Exchange-Rate Exposure of Swedish Firms BACHELOR THESIS in ECONOMICS Authors: ZAHARI STOYANOV SALEEM AHMAD Head Supervisor PROFESSOR ÅKE ANDERSSON Deputy Supervisor PH.D. CANDIDATE SARA JOHANSSON Jönköping AUTUMN 2006 Bachelor Thesis in Economics Title: Foreign Exchange-Rate Exposure of Swedish Firms Authors: Zahari Stoyanov and Saleem Ahmad Tutors: Professor Åke Andersson Ph
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Archive The Impact of Foreign Direct Investment on Agricultural Productivity and Poverty Reduction in Tanzania Msuya‚ Elibariki Kyoto University 2007 Online at http://mpra.ub.uni-muenchen.de/3671/ MPRA Paper No. 3671‚ posted 07. November 2007 / 03:23 The Impact of Foreign Direct Investment on Agricultural Productivity and Poverty Reduction in Tanzania Elibariki Msuya‚ mzeeba@hotmail.com Kyoto University‚ Japan Abstract In this paper‚ the impact of Foreign Direct Investment (FDI)
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Emerging Issues in India- Foreign Direct Investment- An overview on Overseas Investment | | Liberalisation in overseas investment policy‚ in order to improve exports and strengthen economic linkages with foreign countries‚ has intensified India’s participation on the international arena.Overseas InvestmentsAs per the recent RBI data‚ Indian companies carried out overseas investment transactions that resulted in outward FDI. Some like SanmarGroup International committed US$ 67.65 million
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import-intensive industries show a positive association with the exchange rate of rupee. The Vector Autoregression (VAR) model shows one-way causality running from stock prices to exchange rate. This suggests that the portfolio rebalancing activities of Foreign Institutional Investors (FIIs) have a more important role in the dynamic interaction between stock prices and exchange rate. Introduction The implementation of flexible exchange rate regime‚ full convertibility of rupee in current account‚ and a
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What implication do fluctuations in foreign exchange rates have on the pricing decisions of export marketing managers? Globalization is no longer an abstraction but a stark reality that virtually all firms‚ large and a small‚ face. Firms that want to survive in the 21st century must confront all encompassing force that pervades every aspect of business. However‚ exchange rate fluctuation is an issue that affects the decisions marketing managers make about pricing. Management faces different decision
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