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Aspects related to risk management in oil and gas industry

Author

Listed:
  • Zelha Altynkaya

    (Aydin Istanbul University Turkey)

  • Georgescu Stefan

    (Constanta Maritime University)

  • Dragan Cristian

    (Constanta Maritime University)

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

Suggested Citation

  • Zelha Altynkaya & Georgescu Stefan & Dragan Cristian, 2013. "Aspects related to risk management in oil and gas industry," Constanta Maritime University Annals, Constanta Maritime University, vol. 20(2), pages 315-322.
    • Handle: RePEc:cmc:annals:v:20:y:2013:i:2:p:315-322
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    File URL: http://cmu-edu.eu/RePEc/cmc/annals/315-v20.pdf
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    References listed on IDEAS

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    3. Frederic S. Mishkin, 2011. "Over the Cliff: From the Subprime to the Global Financial Crisis," Journal of Economic Perspectives, American Economic Association, vol. 25(1), pages 49-70, Winter.
    4. Ozturk, 2006. "Exchange Rate Volatility and Trade: A Literature Survey," International Journal of Applied Econometrics and Quantitative Studies, Euro-American Association of Economic Development, vol. 3(1), pages 85-102.
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    More about this item

    JEL classification:

    • R0 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General
    • R4 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics
    • A0 - General Economics and Teaching - - General
    • A1 - General Economics and Teaching - - General Economics

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