From Mystery to Clarity: Unraveling the Exchange Rate Dynamics in Emerging Market Economies

• Project/Area Number: 24K16404
• Research Category: Grant-in-Aid for Early-Career Scientists
• Allocation Type: Multi-year Fund
• Review Section: Basic Section 07060:Money and finance-related
• Research Institution: Setsunan University
• Principal Investigator: 羅 鵬飛 摂南大学, 経済学部, 講師 (20881361)
• Project Period (FY): 2024-04-01 – 2027-03-31
• Project Status: Granted (Fiscal Year 2024)
• Budget Amount: ¥4,810,000 (Direct Cost: ¥3,700,000、Indirect Cost: ¥1,110,000); Fiscal Year 2026: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000); Fiscal Year 2025: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000); Fiscal Year 2024: ¥2,210,000 (Direct Cost: ¥1,700,000、Indirect Cost: ¥510,000)
• Keywords: exchange rate dynamics / emerging market currency / global risk / FXI

Outline of Research at the Start

This study explores the dynamics of exchange rates in emerging markets by assessing the short- and long-term impacts of global risks, economic forecasts, and central bank interventions. It aims to add to the exchange rate determination theory and provide insights into exchange rate risk management.