Aspects related to risk management in oil and gas industry

Zelha Altynkaya, Georgescu Stefan and Dragan Cristian
Additional contact information
Zelha Altynkaya: Aydin Istanbul University Turkey
Georgescu Stefan: Constanta Maritime University
Dragan Cristian: Constanta Maritime University

Constanta Maritime University Annals, 2013, vol. 20, issue 2, 315-322

Abstract: In the fourth year of great global crisis, many leading pessimists economist have been forecasting deeper economic crises with low growth rates. The sharp foreign exchange volatility was one of the main reasons of the financial crisis in the earlier years of last century and till 2007, however, this time crisis emerged in housing and especially in mortgage market in the USA. It spill over to the other markets and other countries later. Although, Turkish economy was very sensitive to the volatility of foreign exchange for many decades and experienced many crises due to sharp volatility of foreign exchange within last 30 years, Turkish economy followed high growth rates during the last four years. It would not be possible to follow high growth rates, high export opportunities in coming years. In this paper, the volatility of exchange rates and its effects on Turkish Economy will be analysed by wavelet methods

JEL-codes: A0 A1 R0 R4 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://cmu-edu.eu/RePEc/cmc/annals/315-v20.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cmc:annals:v:20:y:2013:i:2:p:315-322

Access Statistics for this article

More articles in Constanta Maritime University Annals from Constanta Maritime University
Bibliographic data for series maintained by Georgiana Buzu ( this e-mail address is bad, please contact ).