Exchange rate regime, world oil prices, and the Mexican economy
| buir.advisor | Çetinkaya, Merve | |
| dc.contributor.author | Berument, M. Hakan | |
| dc.date.accessioned | 2020-06-30T06:41:36Z | |
| dc.date.available | 2020-06-30T06:41:36Z | |
| dc.date.copyright | 2020-06 | |
| dc.date.issued | 2020-06 | |
| dc.date.submitted | 2020-06-26 | |
| dc.department | Department of Economics | en_US |
| dc.description | Cataloged from PDF version of article. | en_US |
| dc.description | Thesis (M.S.): Bilkent University, Graduate Program in Energy Economics, Policy and Security, İhsan Doğramacı Bilkent University, 2020. | en_US |
| dc.description | Includes bibliographical references (leaves 25-27). | en_US |
| dc.description.abstract | This thesis studies the effects of the exchange rate regime of the Mexican economy on how the oil price shocks affect the domestic economic performance by considering the period from January 1992 to December 2019. The empirical evidence reported here reveals that a positive oil price shock appreciates the local currency, increases the interest rate, output, and prices. Furthermore, once the exchange rate channel is closed, an increase in the interest rate and prices will be higher. However, we could not find statistically significant evidence that the effect on output does change with the exchange rate regime. This conclusion is parallel of a country that has a low level of inflation commitment. | en_US |
| dc.description.degree | M.A. | en_US |
| dc.description.statementofresponsibility | by Merve Çetinkaya | en_US |
| dc.format.extent | vii, 27 leaves ; 30 cm. | en_US |
| dc.identifier.itemid | B160325 | |
| dc.identifier.uri | http://hdl.handle.net/11693/53713 | |
| dc.language.iso | English | en_US |
| dc.publisher | Bilkent University | en_US |
| dc.rights | info:eu-repo/semantics/openAccess | en_US |
| dc.subject | Exchange rate channel | en_US |
| dc.subject | Mexican economy | en_US |
| dc.subject | Oil price shocks | en_US |
| dc.subject | Vector atoregression model | en_US |
| dc.title | Exchange rate regime, world oil prices, and the Mexican economy | en_US |
| dc.title.alternative | Döviz kuru rejimi, dünya petrol fiyatlari ve Meksika ekonomisi | en_US |
| dc.type | Thesis | en_US |