Shahbaz, Muhammad; Tiwari, Aviral Kumar; Tahir, … - Volkswirtschaftliche Fakultät, … - 2013
This study analyzes the time-frequency relationship between oil price and exchange rate for Pakistan by using measures of continuous wavelet such as wavelet power, cross-wavelet power, and cross-wavelet coherency. The results of cross-wavelet analysis indicate that covariance between oil price...