Evaluation of government performance from foreign currency exchange market : A comparison of martial law administrator and civilian government through factor copula statistical model

Abstract

This paper evaluates government’s performance of foreign exchange market in the country. We have a way to deal with the issue in various manners. A reverse strategy for appraisal, with the usage of factor copula demonstrating method was utilized in this exploration to consider the confidence association of money exchange rates as subordinate features through which the display of civilian government and martial law administrator in the country was assessed. Through guideline, part investigation, basic elements for money trade rates were acquired. Results reveal that adapted on the normal factor, the relationship between the chose monetary forms is sensibly lopsided in both the tenures, and situation on essential issue Clayton copula displaying speculation is more fitting for martial law Administrator. Nonetheless, we notice high left end dependence between foreign cash returns through political government terms, and circumstance on essential aspect Gumbel copula representative supposition that is more material, which shows that martial law director performed outclass then civilian government in the country.