1
PhD student of Economics, Tarbiat Modares University, Tehran
2
Assistant Professor, Faculty of Economics, Allameh Tabatabai University, Tehran
Abstract
This study examines the causes of exchange rate fluctuations in Iran in the period of 1352-1392 , using the ARDL and VAR models by employing short and long term patterns.
The results indicate that economic sanctions (exterior factor) are not the only cause for exchange rate fluctuations, but economics factors (interior factors) such as accumulated inflation prior to sanctions ), oil exports, fiscal deficit and monetary policies contributed to exchange rate fluctuations. The study also, proposes a well-managed floating exchange rate system, in line with enhancement and streamlining of exports, for the current economic conditions.
Tavakoliyan, H. and Tavakoliyan, H. (2016). Evaluation of the causes of exchange fluctuations, an explanation of foreign exchange system and appropriate policies for optimal management of inflows and outflows (with emphasize on the impacts of sanctions on Iranian economy). Journal of Defense Economics and Sustainable Development, 1(1), 41-73.
MLA
Tavakoliyan, H. , and Tavakoliyan, H. . "Evaluation of the causes of exchange fluctuations, an explanation of foreign exchange system and appropriate policies for optimal management of inflows and outflows (with emphasize on the impacts of sanctions on Iranian economy)", Journal of Defense Economics and Sustainable Development, 1, 1, 2016, 41-73.
HARVARD
Tavakoliyan, H., Tavakoliyan, H. (2016). 'Evaluation of the causes of exchange fluctuations, an explanation of foreign exchange system and appropriate policies for optimal management of inflows and outflows (with emphasize on the impacts of sanctions on Iranian economy)', Journal of Defense Economics and Sustainable Development, 1(1), pp. 41-73.
CHICAGO
H. Tavakoliyan and H. Tavakoliyan, "Evaluation of the causes of exchange fluctuations, an explanation of foreign exchange system and appropriate policies for optimal management of inflows and outflows (with emphasize on the impacts of sanctions on Iranian economy)," Journal of Defense Economics and Sustainable Development, 1 1 (2016): 41-73,
VANCOUVER
Tavakoliyan, H., Tavakoliyan, H. Evaluation of the causes of exchange fluctuations, an explanation of foreign exchange system and appropriate policies for optimal management of inflows and outflows (with emphasize on the impacts of sanctions on Iranian economy). Journal of Defense Economics and Sustainable Development, 2016; 1(1): 41-73.
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