Journal article
RELATIONSHIPS AMONG STRATEGIC COMMODITIES AND WITH FINANCIAL VARIABLES: A NEW LOOK
Contemporary economic policy, v 27(2), pp 251-264
01 Apr 2009
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
We examine the comovements among the prices of four strategic commodities that have long, adequate daily series: oil, gold, silver, and copper as a group. We also explore their causal relationships with two commodity-relevant macrofinancial variables: interest and exchange rates as an expanded group to shed some light on the prediction behaviors of those individual commodity prices relative to the selected financial variables. In the expanded group, the selected interest rate can provide a transmission link between commodity prices and the dollar exchange rate. The results and their policy implications are discussed at length. (JEL C51, E27, Q43).
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Details
- Title
- RELATIONSHIPS AMONG STRATEGIC COMMODITIES AND WITH FINANCIAL VARIABLES: A NEW LOOK
- Creators
- Shawkat Hammoudeh - Drexel UniversityRamazan Sari - Middle East Technical UniversityBradley T. Ewing - Texas Tech University
- Publication Details
- Contemporary economic policy, v 27(2), pp 251-264
- Publisher
- Wiley
- Number of pages
- 14
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Economics (School of Economics)
- Web of Science ID
- WOS:000265407600009
- Scopus ID
- 2-s2.0-65149101954
- Other Identifier
- 991019167343504721
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- Collaboration types
- Domestic collaboration
- International collaboration
- Web of Science research areas
- Economics
- Public Administration