Comparison of 2008 global financial crisis vs COVID-19 pandemic impact on foreign exchange rates

Delgerjargal Delgerbayar (2022) Comparison of 2008 global financial crisis vs COVID-19 pandemic impact on foreign exchange rates. Pénzügyi és Számviteli Kar.

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Absztrakt (kivonat)

Whole world came crushing down in year 2008. For the following 5 years world economy was in abyss. Unemployment rate and inflation rate were the highest that we had seen since Great Depression in 1929. When COVID-19 brought all of our attention in 2020, at that time we also did not know it will turn into global pandemic which will have a huge impact on our lives, affecting not only the health of our citizens also the economy as well. In this paper, I analyze how different currencies: USD/JPY, USD/GBP, USD/CHF, USD/CAD and USD/SGD react to such uncertain crises by comparing 2008 global financial crisis and COVID-19 global pandemic period. Time period is split into pre and during the crisis according to the two-reference date. (September 15, 2008 the Lehman Brother’s bankruptcy and March 11, 2020 WHO announcement of coronavirus pandemic) The empirical analysis is applied by various methods: descriptive analysis, unit root test, Historical Value at risk, Gaussian Value at risk, and modified Value at risk. Results indicate that although the coronavirus pandemic showed considerable influence over the currency rates, it did not have as huge impact as the 2008 global financial crisis.

Intézmény

Budapesti Gazdasági Egyetem

Kar

Pénzügyi és Számviteli Kar

Tanszék

Pénzügy Tanszék

Tudományterület/tudományág

NEM RÉSZLETEZETT

Szak

Pénzügy és Számvitel

Mű típusa:	diplomadolgozat (NEM RÉSZLETEZETT)
Kulcsszavak:	2008 global financial crisis, COVID-19 pandemic, currency rates, economic shocks and crisis, foreign exchange rates
SWORD Depositor:	Archive User
Felhasználói azonosító szám (ID):	Archive User
Rekord készítés dátuma:	2022. Okt. 11. 10:21
Utolsó módosítás:	2022. Okt. 11. 10:21

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