Relationship between oil prices and exchange rates: The case of Romania
Küçük Resim Yok
Tarih
2014
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Academy of Economic Studies
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
This study investigates to causality between crude oil prices and exchange rates in Romania employing monthly data from the beginning of floating exchange regime for November 2004 to December 2011. The study benefits from the recent advance in the time series econometric analysis and carries out non-linear causality and frequency domain causality tests. According to nonlinear causality test results there is no causality between the variables. Results show that frequency domain causality results slightly differentiate from the nonlinear causality analysis and imply that there is a causality running from real exchange rate to real oil price on the mediun and long run. © 2015, Academy of Economic Studies, All right reserved.
Açıklama
Anahtar Kelimeler
Exchange rate, Frequency domain, Oil prices, Romania
Kaynak
Economic Computation and Economic Cybernetics Studies and Research
WoS Q Değeri
Scopus Q Değeri
Q3
Cilt
48
Sayı
2
