Meditations on Economics Complex Effect of Oil on Money Oil Exporting Perspective Erdost Torun

1. CRUDE OIL AND EXCHANGE RATE
1.1. THE CRUDE OIL
1.2. EXCHANGE RATE
3.1. THE IMPORTANCE OF THE RELATIONSHIP BETWEEN OIL PRICES AND
EXCHANGE RATES

2. LITERATURE REVIEW
2.1. LITERATURE REVIEW

3. THEROTICAL DISCUSSION ON INFORMATION FLOW BETWEEN OIL AND
CURRENCY RATES
3.1. THE LAW OF ONE PRICE
3.2. MECHANISMS OF DEPENDENCE BETWEEN OIL PRICE AND EXCHANGE
RATES
3.3. MECHANISMS OF CAUSALITIES RUNNING FROM OIL PRICES TO
EXCHANGE RATES
3.4. MECHANISMS OF CAUSALITIES RUNNING FROM EXCHANGE RATES TO
OIL PRICES
3.5. MECHANISMS OF BIVARIATE CAUSALITIES BETWEEN EXCHANGE RATES
TO OIL PRICES

4. DATA, METHODOLOGY AND EMPIRICAL RESULTS
4.1. SPECTRAL FREQUENCY ANALYSIS: WAVELET ANALYSIS
4.2. SPECTRAL ANALYSIS: PREDICTION OF GRANGER CAUSALITY APPROACH
IN THE FREQUENCY DOMAIN
4.3. SPECTRAL ANALYSIS: NON-PARAMETRIC GRANGER CAUSALITY TEST
4.4. EMPIRICAL FINDINGS
4.5. THE CORRELATION AND CAUSALITY BETWEEN OIL AND THE EXCHANGE
RATES IN THE OIL-EXPORTING COUNTRIES

5. EMPRICAL RESULTS AND DISCUSSION – THEORETICAL AND EVENT CHAIN
PERSPECTIVE
5.1. BRAZIL
5.2. RUSSIA
5.3. EMPIRICAL RESULTS – OTHER OIL EXPORTING COUNTRIES
5.4. OVERALL EMPIRICAL ANALYSIS RESULTS
5.5. ACADEMIC LITERATURE DISCUSSION ON OIL – CURRENCY RELATIONSHIP

6. CONCLUSION