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Effect of Monetary and Foreign Exchange Policies
on Foreign Trade in Iran
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Abstract: (5415 Views) |
| Emphasized the importance of international trade in different economic schools and numerous empirical studies on the impact of trade on macroeconomic variables and factors affecting the volume of trade has taken place. In this context, this study aims to Iran in the period 1360-1394 using data, the impact of monetary policy and foreign exchange trading volume in Iran, due to the lack of static variables in level, Johansen Co-integration test Juselius co-integration vectors are obtained and used. The results show that monetary and foreign exchange policies, both on the volume of trade in Iran and have a significant impact expected. As of period exchange rates had a positive impact on the volume of Iran's non-oil exports and the impact of inflation and liquidity, the volume of non-oil exports has been negative in the country. In the period 1360-1394, the volume of money in Iran have a positive impact on imports and an increase in the exchange rate by increasing the price of imported goods has a negative impact on imports. |
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| Keywords: Monetary policy and foreign exchange trading volume, Juselius co-integration Johansson. |
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Full-Text [PDF 789 kb]
(2288 Downloads)
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Type of Study: Research |
Subject:
Special
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