Kal, Süleyman Hilmi; Arslaner, Ferhat; Arslaner, Nuran - Volkswirtschaftliche Fakultät, … - 2013
There has been a well-known relationship between macro financial fundamentals and oil prices, yet there is also ample … oil and macro financial fundamentals vary depending on gold price of oil. To achieve this, a Markov model is implemented … endogenous and governed by the volatilities of oil, gold, stock market and exchange rate. This allowed us to endogenously model …