Abstract
Retracted on the 17th of April, 2020 by the Journal’s owner request dated April 12th 2020. The type of retraction – plagiarism. The owner of the journal was asked to retract this article because of plagiarism. The request came from the author of the dissertation, which was published a year before the publication of the article. The author insisted that there was significant plagiarism in the article that could not be adjusted. Editorial staff carried out an investigation into plagiarism in the article published. When the manuscript was submitted to the Journals for consideration, the authors signed the Cover letter and attested to the fact that their manuscript is an original research and has not been published before. After that, the manuscript was accepted for consideration by the Managing Editor and was tested for plagiarism using the iThenticate program. Plagiarism was not detected. Later, after the article complaint and the statement of plagiarism, we used all the sources and resources provided by the complainant, the article was re-tested for plagiarism, and plagiarism was established with a similarity index of 69%. According to the results of the investigation, the editorial board decided to retract the article on April 17, 2020. The authors were notified of such a decision and reported that they accept and do not dispute the retraction decision.
Highlights
This study focused on the role of exchange rate intervention and trade openness on the economy of BRICS countries, and the share price movement, inflation, Gross Domestic Product (GDP) and sacrifice ratios are considered as proxy variables to see the growth of economy of BRICS nations
E and forex reserve and see how these two variables Trade openness is the real exports and imports to rare influencing the economy of BRICS countries. real GDP, as outcomes measure on openness of international trade of goods and services
Description Independent variables Nominal exchange rate of domestic currency (Brazilian Real, Russian Ruble, Indian Rupee, China Yuan and South African Rand) v/s US dollar Foreign currency assets in term of US dollar accumulated by the countries Trade openness is the ratio of international trade divided by GDP Dependent variables Share price index of International Financial Statistics (IFS) updated Percentage of Consumer Price Index (CPI) The amount of goods and services produced within the country
Summary
The exchange rate determines the decision of investors. In general, countries with high exchange rate face high demand for exports and less demand d 1.1. Exchange rate intervention for imports, less demand for domestic products and countries with low exchange rate. The exchange rate is measured as per the central bank of a country. Such interventions countries currency with US$ since US$ is used as a t are done to contain persistent fluctuation in the reference currency in the world economy. Intervention is based on serve refers to the foreign convertible currency accurate measurement of the current exchange that a country’s monetary authority holds, and rate, as well as prediction of future exchange rate that are used for the foreign payments. E and forex reserve and see how these two variables Trade openness is the real exports and imports to rare influencing the economy of BRICS countries. E and forex reserve and see how these two variables Trade openness is the real exports and imports to rare influencing the economy of BRICS countries. real GDP, as outcomes measure on openness of international trade of goods and services
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