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DO OIL PRICES AFFECT THE USD/YTL EXCHANGE RATE: EVIDENCE FROM TURKEY

Ilhan Ozturk
Mete Feridun
Huseyin Kalyoncu


Puni tekst: hrvatski pdf 120 Kb

str. 48-61

preuzimanja: 474

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Puni tekst: engleski pdf 349 Kb

str. 48-61

preuzimanja: 2.306

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Sažetak

This study aims at investigating the link between international oil prices and the exchange rate in the case of a small open industrial economy without oil resources – Turkey. Johansen cointegration and Granger causality tests are used to analyze the relationship between oil prices and the exchange rate in the period 1982:12-2006:5. We find that international real crude oil prices Granger cause the USD/YTL real exchange rate.

Ključne riječi

oil price, exchange rate, Granger causality, cointegration, Turkey

Hrčak ID:

25949

URI

https://hrcak.srce.hr/25949

Podaci na drugim jezicima: hrvatski

Posjeta: 3.638 *