Effects Of Oil Price, Interest Rate And Dollar Pri

Effects of Oil toll, Interest Rate and Dollar worth of Euro on Gold Price Hakan GÜNE? Dokuz Eylül Üniversitesi ??letme Fakültesi/Senior 6114 sokak No:19 D:6 Kar??yaka ?ZM?R phone: ++ 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 penetrative increment in halcyon termss in recent years. Since metal(prenominal) has numerous an(prenominal) functions as directly used in jewellery, hedging against inflation and providing economic and physical safety etc, it is very important to see what the determinants of prosperous bells are. This paper, using the world property price discriminating information for over 10-year period from 2000 to 2009, aims to explain the rise in gold price by c onsidering the effect due to changes in vegetable oil price, eurodollar check bit and use up rate. and so we can understand the components of the gold price and advise policy.

In our analysis, we applied Ordinary least Squares method to estimate our turnaround model, cointegration sample to find disclose if there is long act sexual intercourseship between gold price and the other uncertain and made unit go down test, specifically augment Dickey Fuller test, to investigate the stationarity. subsequently that Granger- condition test between gold price and severally independent changeable; except oil pric e, is examined. We omitted oil price from ou! r model. This is because, just avocation 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, matter to rate and eurodollar parity and Granger- Causality does not fleet 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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