Vis enkel innførsel

dc.contributor.authorHanssen, Stacy
dc.contributor.authorArendt, Peder
dc.date.accessioned2018-01-11T12:31:57Z
dc.date.available2018-01-11T12:31:57Z
dc.date.issued2017
dc.identifier.urihttp://hdl.handle.net/11250/2477006
dc.descriptionMasteroppgave(MSc) in Master of Science in Finance - Handelshøyskolen BI, 2017nb_NO
dc.description.abstractIn this paper, we study the exchange rate behavior of the commodity exporting economies Canada, Norway, Australia, and New Zealand, by testing the relationship to commodity prices and macroeconomic fundamentals. We find that commodity prices do exhibit predictive ability on exchange rates on the monthly basis when using USD as the base currency. We also find that commodity prices have a different impact on commodity exporters compared to non-commodity exporters. We conclude that commodity prices are a more powerful explanatory variable than interest rates and purchasing power parity, when forecasting insample exchange rate changes and returns on a monthly basis with the U.S. dollar as the numeraire currency. However, we must raise awareness that our findings may be induced by the strong ties between the U.S. Dollar and the commodity markets, as our initial findings fails the robustness test where British Pound Sterling is used as the numeraire currency.nb_NO
dc.language.isoengnb_NO
dc.publisherBI Norwegian Business Schoolnb_NO
dc.subjectfinancenb_NO
dc.subjectfinancial economicsnb_NO
dc.subjectfinansnb_NO
dc.titleCan commodity prices predict exchange rates in developed commodity-exporting economies?nb_NO
dc.typeMaster thesisnb_NO


Tilhørende fil(er)

Thumbnail
Thumbnail

Denne innførselen finnes i følgende samling(er)

Vis enkel innførsel