Ozturk, İlhanFeridun, M.Kalyoncu, H.12.07.20192019-07-1212.07.20192019-07-1220081330187Xhttps://hdl.handle.net/20.500.12507/467This 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