Meditations on Economics Complex Effect of Oil on Money Oil Exporting Perspective – Erdost Torun, Erhan Demireli, Enes Yavuz – Ekin Basım Yayın

1. CRUDE OIL AND EXCHANGE RATE1.1. THE CRUDE OIL1.2. EXCHANGE RATE3.1. THE IMPORTANCE OF THE RELATIONSHIP BETWEEN OIL PRICES AND EXCHANGE RATES2. LITERATURE REVIEW2.1. LITERATURE REVIEW3. THEROTICAL DISCUSSION ON INFORMATION FLOW BETWEEN OIL AND CURRENCY RATES3.1. THE LAW OF ONE PRICE3.2. MECHANISMS OF DEPENDENCE BETWEEN OIL PRICE AND EXCHANGE RATES3.3. MECHANISMS OF CAUSALITIES RUNNING FROM OIL PRICES TO EXCHANGE RATES3.4. MECHANISMS OF CAUSALITIES RUNNING FROM EXCHANGE RATES TO OIL PRICES3.5. MECHANISMS OF BIVARIATE CAUSALITIES BETWEEN EXCHANGE RATES TO OIL PRICES4. DATA, METHODOLOGY AND EMPIRICAL RESULTS4.1. SPECTRAL FREQUENCY ANALYSIS: WAVELET ANALYSIS4.2. SPECTRAL ANALYSIS: PREDICTION OF GRANGER CAUSALITY APPROACH IN THE FREQUENCY DOMAIN4.3. SPECTRAL ANALYSIS: NON-PARAMETRIC GRANGER CAUSALITY TEST4.4. EMPIRICAL FINDINGS4.5. THE CORRELATION AND CAUSALITY BETWEEN OIL AND THE EXCHANGE RATES IN THE OIL-EXPORTING COUNTRIES5. EMPRICAL RESULTS AND DISCUSSION – THEORETICAL AND EVENT CHAIN PERSPECTIVE5.1. BRAZIL5.2. RUSSIA5.3. EMPIRICAL RESULTS – OTHER OIL EXPORTING COUNTRIES5.4. OVERALL EMPIRICAL ANALYSIS RESULTS5.5. ACADEMIC LITERATURE DISCUSSION ON OIL – CURRENCY RELATIONSHIP6. CONCLUSION