Tezin Türü: Yüksek Lisans
Tezin Yürütüldüğü Kurum: Anadolu Üniversitesi, SOSYAL BİLİMLER ENSTİTÜSÜ, iktisat, Türkiye
Tezin Onay Tarihi: 2022
Tezin Dili: İngilizce
Öğrenci: HASAN GÜLOĞLU
Danışman: Zekeriya Yildirim
Özet:
Oil is a crucial input for the economic production process and a financial instrument that can be traded in the financial market. This thesis examines how a sudden decrease in oil prices affects the financial markets of Brazil, Russia, China, and India. The thesis also aims to answer the interesting question of whether uncertain conditions in international financial markets alter such effects on the BRIC financial markets. Using weekly financial data, we estimate the linear and non-linear SVAR models. The results indicate that negative oil price shocks adversely influence the financial markets of BRIC oil exporters (Russia-Brazil) and positively affect the financial markets of BRIC oil importers (China-India). Furthermore, uncertain conditions in international financial markets amplify the effects of such shocks on BRIC markets.