The relationship between oil price and US Dollar/Norwegian Krone nominal exchange rate.

Detta är en Kandidat-uppsats från Högskolan i Jönköping/Internationella Handelshögskolan

Författare: Qin Feng; [2012]

Nyckelord: Currency; Exchange Rate; Norway; Norwegian Krone; Crude Oil Price;

Sammanfattning:

This paper empirically investigates the cointegrated relationship between oil price and nominal exchange rate of US Dollar/ Norwegian Krone (USD/NOK) which is covering a time period from 2001 to 2011. The Augmented Dickey-Fuller test, Engle-Granger test and Error Correction Mechanism are employed for this research.

This paper concludes that there is a cointegrated relationship between oil price and nominal exchange rate of USD/NOK in the long term.

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