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Eastern Illinois University

2018 Awards for Excellence in Student Research and Creative Activity – Documents

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Full-Text Articles in Social and Behavioral Sciences

The Impact Of Real Interest Rate On Real Exchange Rate: Empirical Evidence From Japan, Tomiwa Shodipe Apr 2018

The Impact Of Real Interest Rate On Real Exchange Rate: Empirical Evidence From Japan, Tomiwa Shodipe

2018 Awards for Excellence in Student Research and Creative Activity – Documents

Abstract

This paper examines the impact of real interest rate on the real exchange rate in Japan using Two Stage Least Square econometric techniques. The two instruments used are money supply and gross domestic product growth rates. The result provides support for the theoretical and empirical evidences of positive relationship between real interest rate and real exchange rate in Japan. The estimation also shows that there is positive relation between trade and Japanese Yen over the period considered in the study. In light of these findings, the study suggests the adoption of fiscal macroeconomic policy instruments that are capable of …


Willingness To Pay Student Insurance As A Primary Plan Among Eastern Illinois University Students, George Anaman Apr 2018

Willingness To Pay Student Insurance As A Primary Plan Among Eastern Illinois University Students, George Anaman

2018 Awards for Excellence in Student Research and Creative Activity – Documents

Abstract

Selecting ideal health insurance coverage entails a trade-off between the gain from risk reduction and the deadweight loss from moral hazard (Manning and Marquis, 1996). This paper investigates students’ willingness to pay for student health insurance which will serve as a primary plan. Variables such as demographics, student insurance enrollment and coverage, student insurance utilization and satisfaction were used to assess students’ Willingness to pay for student insurance as a primary plan. Both qualitative and quantitative statistics were used to explain the willingness of students to pay for student insurance as a primary plan.


International Debt Impact On The Value Of South Korean Currency, Wonjin Song Apr 2018

International Debt Impact On The Value Of South Korean Currency, Wonjin Song

2018 Awards for Excellence in Student Research and Creative Activity – Documents

Abstract

This paper will analyze how international debt for South Korea affected the value of Korean currency from 1983 to 2014 by using the Ordinary Least Square model. The result is that international debt for South Korea had a clear influence on the value of Korean Won. The exchange rate of Korean currency per US dollar moves the same direction as amounts of international debt. In other words, as the Korean Won depreciates, more Won must be spent to purchase U.S dollars. That is, Korean currency depreciates when amounts of international debt increase. As the result, Korea has not yet …