RELATIONSHIPS AMONG STRATEGIC COMMODITIES AND WITH FINANCIAL VARIABLES: A NEW LOOK

Date

2009-04-01

Author

Hammoudeh, Shawkat
Sarı, Ramazan
Ewing, Bradley T.

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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

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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).

Subject Keywords

Economics and Econometrics, General Business, Management and Accounting, Public Administration

URI

https://hdl.handle.net/11511/36911

Journal

CONTEMPORARY ECONOMIC POLICY

DOI

https://doi.org/10.1111/j.1465-7287.2008.00126.x

Collections

Department of Business Administration, Article

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Citation Formats

S. Hammoudeh, R. Sarı, and B. T. Ewing, “RELATIONSHIPS AMONG STRATEGIC COMMODITIES AND WITH FINANCIAL VARIABLES: A NEW LOOK,” CONTEMPORARY ECONOMIC POLICY, pp. 251–264, 2009, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/36911.