The relationship between oil price and US Dollar/Norwegian Krone nominal exchange rate.
Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
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.
Place, publisher, year, edition, pages
2012. , 25 p.
Currency, Exchange Rate, Norway, Norwegian Krone, Crude Oil Price
Economics and Business Economics
IdentifiersURN: urn:nbn:se:hj:diva-18454OAI: oai:DiVA.org:hj-18454DiVA: diva2:533771
Subject / course
UppsokSocial and Behavioural Science, Law
Wallentin, ErikJohansson, Börje