Scribd Logo
Upload

Welcome to Scribd!

  • 22 views

    A Summary On The Impacts of Exchange Rate On Economic Growth in Cambodia

    Uploaded by

    Ashraful
    This document summarizes an article that examines the impact of exchange rates on economic growth in Cambodia. The purpose is to analyze the relationship between exchange rates and GDP, and how Cambodia's central bank maintains price stability. The methodology uses data from 2001-2019 from the World Bank to analyze variables like GDP, exchange rates, inflation rates, and more using OLS models. The findings show GDP is directly related to exchange rates, and Cambodia's central bank has helped economic growth by controlling inflation and maintaining price stability, allowing over 7% annual GDP growth. The summary provides an overview of the article's objective, methodology, and main conclusions.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    A Summary On The Impacts of Exchange Rate On Economic Growth in Cambodia

    Uploaded by

    Ashraful
    22 views5 pages
    This document summarizes an article that examines the impact of exchange rates on economic growth in Cambodia. The purpose is to analyze the relationship between exchange rates and GDP, and how Cambodia's central bank maintains price stability. The methodology uses data from 2001-2019 from the World Bank to analyze variables like GDP, exchange rates, inflation rates, and more using OLS models. The findings show GDP is directly related to exchange rates, and Cambodia's central bank has helped economic growth by controlling inflation and maintaining price stability, allowing over 7% annual GDP growth. The summary provides an overview of the article's objective, methodology, and main conclusions.

    Original Title

    fin

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This document summarizes an article that examines the impact of exchange rates on economic growth in Cambodia. The purpose is to analyze the relationship between exchange rates and GDP, and how Cambodia's central bank maintains price stability. The methodology uses data from 2001-2019 from the World Bank to analyze variables like GDP, exchange rates, inflation rates, and more using OLS models. The findings show GDP is directly related to exchange rates, and Cambodia's central bank has helped economic growth by controlling inflation and maintaining price stability, allowing over 7% annual GDP growth. The summary provides an overview of the article's objective, methodology, and main conclusions.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    22 views5 pages

    A Summary On The Impacts of Exchange Rate On Economic Growth in Cambodia

    Uploaded by

    Ashraful
    This document summarizes an article that examines the impact of exchange rates on economic growth in Cambodia. The purpose is to analyze the relationship between exchange rates and GDP, and how Cambodia's central bank maintains price stability. The methodology uses data from 2001-2019 from the World Bank to analyze variables like GDP, exchange rates, inflation rates, and more using OLS models. The findings show GDP is directly related to exchange rates, and Cambodia's central bank has helped economic growth by controlling inflation and maintaining price stability, allowing over 7% annual GDP growth. The summary provides an overview of the article's objective, methodology, and main conclusions.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 5

    A Summary on

    The Impacts of Exchange Rate on Economic Growth in Cambodia.

    Prepared For:

    Hasibul Islam Russell

    College of Business Administration of IUBAT

    Prepared By:

    Mahmuda Islam

    ID: 17102090

    Program: BBA

    Course Name : International Financial Management

    Course Code: Fin 405

    Date of Submission: 20-04-2020

    IUBAT- International University of Business Agriculture & Technology

    1
    Table of Contents
    Introduction:.......................................................................................................................3

    Purpose of the study:......................................................................................................3-4

    Methodology:.....................................................................................................................4

    Data Collection:..............................................................................................................4

    Data Analysis:.................................................................................................................4

    Finding and Results:..........................................................................................................4

    Recommendation and conclusions:...................................................................................5

    Learning reflections:..........................................................................................................5

    2
    Summary:
    This article is basically written on the base of the Cambodian economy. Writers make a relation
    between the exchange rate and the GDP rate of Cambodia. For this reason they used many
    parameters and variables. Here I make a summary of the article. What is the purpose of the
    article, review of the article, methodology of the article, findings are discussed here. At the last
    point I have mentioned that what I have learned from this assignment.

    Introduction:
    The article title I have chosen is The Impacts of Exchange Rate on Economic Growth in
    Cambodia. The writers of the article are LongVolakis, Ignatius Abasiam, Yang Fan. I collected
    the article from the InternationalJournal of Applied Economics, Finance and Accounting.
    Publication year is 11 November 2019, ISSN 2577-767X, volume 5, page number from 78 to 83,
    DOI: 10.33094/8.2017.2019.52.78.83, and the article is licensee by the author from Online
    Academic Press, USA in 2019. The collected the related data from The World Bank Database
    (1991-2019). This article received no specific financial support and the authors have no
    competing interests.

    Purpose of the Article:


    The main goal of the article is to make a relationship between the exchange rate and economic
    growth that is define as gross domestic product (GDP) of Cambodia. Cambodia is a developing
    country. During the last ten years, the GDP of this country is increasing tremendously with a rate
    of about 6% to 7%. Exchange rate has a positive relation with GDP. If exchange rate is increased
    then GDP is also increased respectively. But there are some others variables create some
    problems on the path of achieving this goal. For example, open trade market (OTM), inflation
    rate (IFR), foreign direct investment (FDI) are some components which are negatively correlated
    with the GDP.
    At present many foreign investment inflows to Cambodia purposely running business, and other
    capital investments, so a lot of foreign currency flows into the Cambodia economy. The price of
    the product should be kept stable with the GDP rate. At the same time the inflation rate also kept
    under the acceptable rate. They are the basic challenge for a developing country like Cambodia.

    3
    In this situation the national bank of Cambodia (NBC) can do the main task to continue the
    development of the country. The main task is to define and guide the monetary policy to
    maintain price stability. But the dollarization policy has made it difficult for the financial
    authority of the Cambodia. Here we found that the authors of the article shows us how NBC
    take the task and control the inflation rate and price stability in Cambodia nevertheless the GDP
    rate is going at a rate of over 7%.
    The article is to find the process of the economic development of Cambodia and increase the rate
    of GDP by the increasing rate of exchange rate.

    Methodology andData analysis tools of the Article:


    In this article the authors used some variables and some parameters such as gross domestic
    product (GDP) which is indicated the economic growth in Cambodia, the exchange rate (EXR),
    inflation rate (IFR), money supply, open trade market (OTM), foreign direct investment (FDI).
    They use the ordinary least square (OLS) model to find or calculate the GDP. This study used the
    data from the World Bank data base system from 2001 to 2019. By the help of the statistical data
    software data was analyzed. They used some dependent and some independent variables to
    calculate the data.

    Findings of the Article:


    The main findings of the article are gross domestic product (GDP) is directly related to the
    exchange rate of Cambodia and has a great deal with the economic growth of Cambodia. In this
    situation the main guardian of Cambodia is the national bank of Cambodia (NBC). It has taken
    some good decision to protect and continue the economical development of Cambodia. The main
    task of the authority is to keep the inflation rate controlled and the price of the commodity should
    keep in stable for this remarkable growth rate of economy or GDP over 7% every year. Although
    Cambodia is a developing country but during the last few years the economic condition of
    Cambodia and the economic growth which is define as GDP is in very comfortable condition.
    So we can say that by controlling exchange rate with respect to other variables Cambodian
    authority become successful to continue their economic development. The main findings of the
    study are how a developing country can control inflation rate, price stability and economical
    growth (GDP) by taking some task and with the help of exchange rate movement.

    4
    Learning reflection:
    I have learned many important things while I was doing this assignment. By making this
    assignment I also faced some problems like how to make an assignment on an article, how to
    find journals from internet and what is the process to make a summary on the article. I always
    follow the instruction of my honorable faculty. I have read the article five times first and try to
    understand the main thing of the articleand then write the summary according to the
    guidelines.The main challenge was to understand the article and write a summary according to
    the directions. Find a good and related article was another challenge. To overcome this problem I
    read the meaning of the article line by line and write them on my note book. I also visited some
    site to find a related article in Google. By this way I overcome the problems.I learned the process
    that how we can search in the Google to find a good journal where I can find a good article of
    famous writers. How to read an article and find its purpose, methodology, and data analyses etc.
    What types of data are used in the article, how authors write a standard article in the journal and
    how data is collected from the different types of database management systems. Data calculation
    process, formula, making result and many others things.
    After doing this assignment I have gained such type of knowledge as I can make a standard
    article on any related topic in the future with the help of faculty and guidelines.

    techniques. This implies that the rise in an exchange rate induces changes in an
    industrial output in Nigeria

    You might also like