出版社：The Institute of Economics and Ministry of Finance of the Republic of Croatia
摘要：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.
