Determination of Won/USD Exchange Rate With Respect to Global Oil Price Change
To see the relationship between exchange rate and oil price, we use econometrical methodology, multiple regression. Our regression model is this:
s_t=β_1+β_2 (m_t-m_t^* )+β_3 (y_t-y_t^* )+β_4 〖lroil〗_t+u_t
*Explanation about explanatory variable
s_t : Nominal exchange rate (USD/Won)
m_t-m_t^*
predicted to continue for a while, as there are several reasons of price rising. Basic reason is unbalance between supply and demand of grain. This paper will find out some reasons of this situation in both supply and demand aspects. Then policy for stabilizing the situation will be dealt with in this paper.
Both direct policy and indirect policy mechanism will be considered. We will draw a con
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Service, the export amount and a sum of money in the first half of the year rose 16%, 13% each compared with same period of last year. The KookSoonDang exported 156,000 bottles of Makggeoli to the Japan in the first half of this year. This amount is more than the amount of whole export amount in last year. Ko, bonghwan team leader of KookSoonDang said 100% growth could be predicted in export of
market, we, 美ME+ also is looking to expand our business.
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