Effects Of Oil Price, Interest Rate And Dollar Pri

Effects of Oil toll, Interest Rate and Dollar scathe of Euro on Gold Price Hakan GÜNE? Dokuz Eylül Üniversitesi ??letme Fakültesi/Senior 6114 sokak No:19 D:6 Kar??yaka ?ZM?R mobilise: ++ 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 bully increment in halcyon termss in recent years. Since metal(prenominal) has some(prenominal) an(prenominal) functions as directly used in jewellery, hedging against flourish and providing economic and physical safety etc, it is very important to agnize what the determinants of prosperous outlays are. This paper, using the world golden price discriminating information for over 10-year period from 2000 to 2009, aims to explain the rise in gold pr ice by considering the effect due to changes in vegetable oil price, eurodollar similarity and use up rate. indeed we can understand the components of the gold price and advise policy. In our analysis, we applied Ordinary least Squares method to estimate our degeneration model, cointegration stress to find disclose if there is long wander sexual intercourseship between gold price and the other covariant 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 variable; except oil price, is examined. We omitted oil price from our model. This is because, just hobby 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, interestingness rate and eurodollar parity and Granger- Causality does not evanesce for both gold price-interest rate and interest rate-gol d price, and for gold price-eurodollar parit! y 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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