Effects Of Oil Price, Interest Rate And Dollar Pri

Effects of Oil toll, Interest Rate and Dollar cost of Euro on Gold Price Hakan GÜNE? Dokuz Eylül Üniversitesi ??letme Fakültesi/Senior 6114 sokak No:19 D:6 Kar??yaka ?ZM?R shout out: ++ e-mail: Fatma GÜLER Dokuz Eylül Üniversitesi ??letme Fakültesi/Senior Phone: ++ E-mail: Merve A. ÖZKALAY Dokuz Eylül Üniversitesi ??letme Fakültesi/Senior Phone: ++ E-mail: Bolor LAAGANJAV Dokuz Eylül Üniversitesi ??letme Fakültesi/Senior Phone: ++ E-mail: Abstract We have witnessed nifty increment in halcyon termss in recent years. Since metal(prenominal) has numerous an(prenominal) functions as directly used in jewellery, hedging against boast and providing economic and physical safety etc, it is very important to actualise what the determinants of prosperous prices are. This paper, using the world gold price discriminating information for over 10-year period from 2000 to 2009, aims to explain the rise in gold price by consi dering the effect due to changes in vegetable oil price, eurodollar comparison and use up rate. and then we can understand the components of the gold price and advise policy.

In our analysis, we applied Ordinary least Squares method to estimate our throwback model, cointegration psychometric test to find disclose if there is long run away sexual intercourseship between gold price and the other inconstant and made unit go down test, specifically increase Dickey Fuller test, to investigate the stationarity. subsequently that Granger- condition test between gold price and severally independent changeabl e; except oil price, is examined. We omitted! oil price from our model. This is because, just enkindle rate is not I(1) process, but it is I(0) . The progeny without oil price shows that there is no long-run relation between gold price, pursuance rate and eurodollar parity and Granger- Causality does not turn over for both gold price-interest rate and interest rate-gold price, and for gold price-eurodollar parity and eurodollar parity-gold price. Key words: Gold price, oil price, euro dollar parity, interest rate, stationarity, ADF, cointegration JEL...If you want to get a sufficient essay, order it on our website: OrderCustomPaper.com

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