Muhammad Naveed Jamil|Abdul Rasheed|Adnan Maqbool|Zeeshan Mukhtar
Cross-cultural study the macro variables and its impact on exchange rate regimes
Khwaja Fareed University of Engineering and Information Technology|Khwaja Fareed University of Engineering and Information Technology|Khwaja Fareed University of Engineering and Information Technology|Khwaja Fareed University of Engineering and Information Technology
abstract empirical analysis study simultaneously focus examining impact macroeconomic variables ie gdp growth gdp per capita inflation foreign direct investment exports imports interest rates foreign debt foreign reserves exchange rate regimes using sample five countries msci developed markets index emerging markets index frontier markets index 1970 2020 study predicts provides several essential contributions markets financial economic fills gaps markets economic financial literacy desired countries study identifies evaluates impact using advanced statistical frameworks study adopts mlbinary logit quadratic hill climbing investigates change exchange rate regimes due macroeconomic variables empirical results confirm australia hong kong japan new zealand singapore markets take timely correct exchange rate regimes decisions lead developed markets emerging markets frontier markets never adopt exchange rate regimes three four six significant impact factor affects markets never growth according develops markets foreign debts inflation foreign reserves severe challenges emerging frontier markets