About this document
Oil Prices by irfan is a document available to read on EtoBox.
The study analyzes the relationship between oil prices, the Kazakhstan Stock Exchange (KASE) closing prices, and the real exchange rate from 2016 to 2021. It finds a causal relationship where Brent crude oil prices positively impact KASE closing prices, while the real exchange rate negatively affects them. The research employs unit root tests and VAR methodology to conclude that fluctuations in oil prices significantly influence stock price formation in Kazakhstan.
- Author
- irfan
- Language
- EN