Factors behind the Russian Ruble Depreciation

D 2015

Factors behind the Russian Ruble Depreciation

URBANOVSKÝ, Tomáš

Základní údaje

Originální název

Factors behind the Russian Ruble Depreciation

Autoři

URBANOVSKÝ, Tomáš (203 Česká republika, garant, domácí)

Vydání

AMSTERDAM, 4TH WORLD CONFERENCE ON BUSINESS, ECONOMICS AND MANAGEMENT (WCBEM-2015), od s. 242-248, 7 s. 2015

Nakladatel

ELSEVIER SCIENCE BV

Další údaje

Jazyk

angličtina

Typ výsledku

Stať ve sborníku

Obor

50200 5.2 Economics and Business

Stát vydavatele

Nizozemské království

Utajení

není předmětem státního či obchodního tajemství

Forma vydání

elektronická verze "online"

Kód RIV

RIV/00216224:14560/15:00089187

Organizační jednotka

Ekonomicko-správní fakulta

ISSN

DOI

http://dx.doi.org/10.1016/S2212-5671(15)00827-8

UT WoS

000381990300037

Klíčová slova anglicky

ruble exchange rate; oil price; depreciation; cointegration analysis

Příznaky

Mezinárodní význam, Recenzováno

Změněno: 16. 3. 2017 07:56, Mgr. Daniela Marcollová

Anotace

V originále

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.

Návaznosti

MUNI/A/1127/2014, interní kód MU

Název: Analýza, tvorba a testování modelů oceňování finančních, zajišťovacích a investičních aktiv a jejich využití k predikci vzniku finančních krizí

Investor: Masarykova univerzita, Analýza, tvorba a testování modelů oceňování finančních, zajišťovacích a investičních aktiv a jejich využití k predikci vzniku finančních krizí, DO R. 2020_Kategorie A - Specifický výzkum - Studentské výzkumné projekty

Citovat

URBANOVSKÝ, Tomáš. Factors behind the Russian Ruble Depreciation. Online. In Bektas, C. 4TH WORLD CONFERENCE ON BUSINESS, ECONOMICS AND MANAGEMENT (WCBEM-2015). AMSTERDAM: ELSEVIER SCIENCE BV, 2015, s. 242-248. ISSN 2212-5671. Dostupné z: https://dx.doi.org/10.1016/S2212-5671(15)00827-8.

@inproceedings{1318661,
   author = {Urbanovský, Tomáš},
   address = {AMSTERDAM},
   booktitle = {4TH WORLD CONFERENCE ON BUSINESS, ECONOMICS AND MANAGEMENT (WCBEM-2015)},
   doi = {http://dx.doi.org/10.1016/S2212-5671(15)00827-8},
   editor = {Bektas, C},
   keywords = {ruble exchange rate; oil price; depreciation; cointegration analysis},
   howpublished = {elektronická verze "online"},
   language = {eng},
   location = {AMSTERDAM},
   pages = {242-248},
   publisher = {ELSEVIER SCIENCE BV},
   title = {Factors behind the Russian Ruble Depreciation},
   year = {2015}
}

TY  - JOUR
ID  - 1318661
AU  - Urbanovský, Tomáš
PY  - 2015
TI  - Factors behind the Russian Ruble Depreciation
PB  - ELSEVIER SCIENCE BV
CY  - AMSTERDAM
KW  - ruble exchange rate
KW  - oil price
KW  - depreciation
KW  - cointegration analysis
N2  - 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.
ER  -

URBANOVSKÝ, Tomáš. Factors behind the Russian Ruble Depreciation. Online. In Bektas, C. \textit{4TH WORLD CONFERENCE ON BUSINESS, ECONOMICS AND MANAGEMENT (WCBEM-2015)}. AMSTERDAM: ELSEVIER SCIENCE BV, 2015, s.~242-248. ISSN~2212-5671. Dostupné z: https://dx.doi.org/10.1016/S2212-5671(15)00827-8.

Podrobný výpis o publikaci