The Effect of Oil Prices on Floating Exchange Rates
This thesis contributes to the existing literature by examining the effect of oil prices on floating exchange rates of oil dependent countries. I conduct empirical tests on monthly data of 32 currencies over a timeframe of 15 years from 2003 to 2017 and 13 currencies over a timeframe of 25 years from 1993 to 2017. The analysis, therefore, includes a large sample that has the drawback of a shorter