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Full metadata record
DC Field | Value | Language |
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dc.contributor.advisor | Καρφάκης, Κωνσταντίνος | el |
dc.contributor.advisor | Karfakis, Constantinos | en |
dc.contributor.author | Θεοχαρίδης, Γεώργιος | el |
dc.contributor.author | Theocharidis, Georgios | en |
dc.date.accessioned | 2013-03-04T14:47:00Z | - |
dc.date.available | 2013-03-04T14:47:00Z | - |
dc.date.issued | 2013 | en |
dc.identifier.uri | http://dspace.lib.uom.gr/handle/2159/15438 | - |
dc.description | Διπλωματική εργασία--Πανεπιστήμιο Μακεδονίας, Θεσσαλονίκη, 2013. | el |
dc.description.abstract | This study examines the validity of the view that Norway Krone is a commodity currency. Norway has a primary commodity (oil) that constitutes the majority of exports. We describe models where Norwegian krone (NOK) to US dollar (US$) exchange rate is measured against the Brent oil price. We found that exchange rates, nominal and real are cointegrated with the Brent oil price. The long-run relationship seems to be robust. Moreover, the fact that the elasticity of Brent oil price is statistically significant confirms that Norwegian krone is a commodity currency or a petrocurrency according to literature studies. A Vector Error Correction Model analysis also identifies that oil price will affect the exchange rate. Through the latter, we can now see how VECM ties short-run dynamics to long-run relations via the error correction term | en |
dc.format.extent | 48 | en |
dc.format.extent | 825795 bytes | - |
dc.format.mimetype | application/pdf | - |
dc.language.iso | en | en |
dc.publisher | Πανεπιστήμιο Μακεδονίας Οικονομικών και Κοινωνικών Επιστημών | el |
dc.subject | Norwegian Krone | en |
dc.title | Is the Norwegian Krone exchange rate a commodity currency? | en |
dc.type | Electronic Thesis or Dissertation | en |
dc.type | Text | en |
dc.contributor.department | Διατμηματικό Πρόγραμμα Μεταπτυχιακών Σπουδών στη Διοίκηση Επιχειρήσεων | el |
Appears in Collections: | ΔΠΜΣ Διοίκηση Επιχειρήσεων (M) |
Files in This Item:
File | Description | Size | Format | |
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TheocharidisGeorgiosMsc2013.pdf | 806.65 kB | Adobe PDF | View/Open |
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