Record Details

IMPACTS OF EURO/USD VOLATILITY ON STEEL PRICES OF TURKEY

Ecoforum Journal

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Field Value
 
Title IMPACTS OF EURO/USD VOLATILITY ON STEEL PRICES OF TURKEY
 
Creator AKMAN, Engin; Cankiri Karatekin University
 
Subject currency volatility, steel prices, VAR models, Granger causality, Turkey
F10, F31, L61, C22
 
Description Steel sector is the driving force of industry as it provides raw or semi-finished materials for the majority of manufacturing industries. Turkey is an important steel producer, importer and exporter. 45% of steel imports are from EU-27 zone while only 24% of the exports are destined to the European countries. The study is concentrated on the effects of EUR/USD volatility on the steel prices of Turkey. VAR models, Impulse Response Functions, Granger Causality Tests and Variance Decomposition analysis are employed for the data covering the period of April 2008- January 2015. The study reveals that EUR/USD currency volatility has significant effect on steel prices explaining about 5-6% of the changes in the prices.
 
Publisher Association of Educational and Cultural Cooperation Suceava from Stefan cel Mare Universit
 
Date 2016-02-01
 
Format application/pdf
 
Identifier http://www.ecoforumjournal.ro/index.php/eco/article/view/331
 
Source Ecoforum Journal; Vol 5, No 1 (2016)
 
Language en
 
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