Exchange Rate Effects and Performance of Financial Institutions in South Sudan

Q3 Economics, Econometrics and Finance

Afro-Asian Journal of Finance and Accounting Pub Date : 2023-10-20 DOI:10.53819/81018102t30118

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Abstract

The different financial institutions, including those in South Sudan, have continued to have an uncertain future due to the changes in the macroeconomic environment and the political state of the country. The argument for financial reforms and arrangements requires South Sudan's authorities to devise informed decisions on how to critically match money supply and fulfillment of demand for money to a fairly standardized financial system. The objectives that underpinned the study were to examine the impact of foreign exchange rates on the performance of financial institutions in South Sudan. The study was based on the positivist philosophy because the researchers collected data from the field and used it to arrive at a conclusion. The target population was composed of the 30 registered financial institutions of the CBSS, which was used as the sample. The researcher used secondary data to obtain the findings of the study. In addition to descriptive statistics and diagnostic tests, the researcher also performed regression and correlation analysis to test the effects of independent variables on the dependent variable and the linear relationship between the variables, respectively. The different financial institutions that were considered in the study were selected using systematic random sampling. The researcher collected data from various sources, including the leading financial institutions in South Sudan. The Econometric Views (EViews) software was used for data analysis and management. The correlation matrix was estimated to check for severe correlation and the possibility of multicollinearity in the estimated model. The results showed that there was an inverse and statistically significant relationship between foreign exchange rate and the performance of financial institutions in South Sudan. In conclusion, the government can use macroeconomic variables to influence the performance of financial institutions and improve policy formulation and implementation. Keywords: Exchange Rate, Performance, Financial Institutions, South Sudan

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南苏丹金融机构的汇率效应和绩效

由于宏观经济环境和国家政治状况的变化，包括南苏丹在内的不同金融机构的未来仍然不确定。金融改革和安排的论点要求南苏丹当局就如何严格地将货币供应和满足货币需求与一个相当标准化的金融体系相匹配做出明智的决定。支撑这项研究的目标是研究汇率对南苏丹金融机构绩效的影响。该研究基于实证主义哲学，因为研究人员从该领域收集数据并使用它来得出结论。目标人群由CBSS的30家注册金融机构组成，作为样本。研究人员使用二手数据来获得这项研究的结果。除了描述性统计和诊断检验外，研究者还进行了回归分析和相关分析，分别检验了自变量对因变量的影响以及变量之间的线性关系。采用系统随机抽样的方法选择了研究中考虑的不同金融机构。研究人员从各种来源收集数据，包括南苏丹的主要金融机构。使用计量经济学视图(EViews)软件进行数据分析和管理。估计相关矩阵以检查估计模型中是否存在严重相关和多重共线性的可能性。研究结果表明，汇率与南苏丹金融机构绩效之间存在显著的负相关关系。综上所述，政府可以利用宏观经济变量影响金融机构的绩效，改善政策的制定和执行。关键词:汇率，绩效，金融机构，南苏丹

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来源期刊

Afro-Asian Journal of Finance and Accounting Economics, Econometrics and Finance-Finance

CiteScore

0.70

自引率

0.00%

发文量

期刊介绍： Finance and accounting are seen as essential components for the successful implementation of market-based development policies supporting economic liberalisation in the rapidly emerging economies in Africa, the Middle-East and Asia. AAJFA aims to foster greater discussion and research of the development of the finance and accounting disciplines in these regions. A major feature of the journal will be to emphasise the implications of this development and the effects on businesses, academics and professionals. Topics covered include: -Asset pricing, corporate finance, banking; market microstructure -Behavioural and experimental finance; law and finance -Emerging economies: finance, audit committees, corporate governance -Islamic finance, accounting and auditing -Equity analysis and valuation, venture capital and IPOs -National GAAP and IASs compliance, harmonisation and strategies -Financial measurement/disclosure, and the quality of information reported -Accountability and social/ethical/environmental measurement/reporting -Cultural, political, institutional impact on financial measurement/disclosure -Accounting practices for intellectual capital and other intangible assets -Provision of non-audit services and impairment to auditor independence -Audit quality and auditor skills; internal control/auditing -Management accounting, control and /use of key performance indicators -Accounting education and professional development, accounting history -Public sector and not-for-profit accounting