Ozturk I.Feridun M.Kalyoncu H.2019-08-012019-08-0120081330187Xhttps://hdl.handle.net/11480/1137This study aims at investigating the link between international oil prices and the exchange rate in the case of a small open industrial economy without oil resources - Turkey. Johansen cointegration and Granger causality tests are used to analyze the relationship between oil prices and the exchange rate in the period 1982:12-2006:5. We find that international real crude oil prices Granger cause the USD/YTL real exchange rate.eninfo:eu-repo/semantics/closedAccessCointegrationExchange rateGranger causalityOil priceTurkeyArticle1811548612-s2.0-49649091140N/A