Impact of World Oil Price on Kazakhstan’s Financial Markets

目录

声明

摘要

Abstract

Contents

1 INTRODUCTION

1．1 Research Background and signincance of the study

1．2 Aim of study

1．3 Statement and structure of the study

2 LITERATURE REVIEW

2．1 Evaluation of the mechanism of pricing in the oil market

2．2 Theoretical and methodological aspects of the formation of world oil prices

2．3 Interaction of World oil Price and financial market

3 OIL PRICE VOLATILITY AND KAZAKHSTAN’S FINANCIAL MARKET

3．1 Financial market and oil price volatility

3．2 Analysis of methods and models predict of world prices in the financial market

3．3 The structure of the financial market of republic of Kazakhstan

3．4 Accessing the impact of oil prices on the exchange rate of the National Currency in the RepubHc of Kazakhstan

4 DATA AND METHODOLOGY

4．1 Source of data

4．2 Methodology

4．3．The APT Model：The Arbitrage Pricing Theory

5 EMPIRICAL ANALYSIS

5．1 Application of CAPM methodology in the oil market

5．2 Application of APT models for evaluation financial assets of the Republic of Kazakhstan

5．3 Applicability of APT model for modeling of the Kazakhstan’s financial market

6 POLICY IMPLICATIONS OF OIL PRICE FOR KAZAKHSTAN FIANCIAL MARKET DEVELOPMENT

6．1 Policy implications of oil price in Kazakhstan

6．2．organization of Petroleum Exporting countries in 2017

6．3．OPEC forecast of oil increase in 2018

CONCLUSIONS

Acknowledgment

References