کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5107270 1481792 2017 8 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Cointegration test of oil price and us dollar exchange rates for some oil dependent economies
ترجمه فارسی عنوان
آزمون همزیستی قیمت نفت و نرخ ارز ما برای برخی از اقتصادهای وابسته به نفت
کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری کسب و کار و مدیریت بین المللی
چکیده انگلیسی
This study examines the long-run dynamics between oil price and the bilateral US dollar exchange rates for a group of oil-dependent economies before and after the 2008-2009 Global Financial Crises. Exchange rates are for the euro, Indian rupee, Russian ruble, South African rand, Ghanaian cedi and the Nigerian naira. The dependence on crude oil of these economies is either because fiscal revenues are primarily reliant on oil export receipts or because industrial production is heavily dependent on petroleum. Empirical results show evidence of a long run equilibrium relationship between oil price and exchange rate, especially for currencies of the key oil-exporting countries. This relationship is more evident in the post crisis period, which is also the period when both exchange rate volatility and the inverse relationship between oil price and exchange rate experienced a significant increase.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Research in International Business and Finance - Volume 42, December 2017, Pages 304-311
نویسندگان
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