کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
8073151 1521436 2016 13 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Oil price shocks and U.S. dollar exchange rates
ترجمه فارسی عنوان
شوک قیمت نفت و نرخ ارز دلار آمریکا
کلمات کلیدی
موضوعات مرتبط
مهندسی و علوم پایه مهندسی انرژی انرژی (عمومی)
چکیده انگلیسی
In this paper, we investigate the impacts of oil price shocks on the bilateral exchange rates of the U.S. dollar against currencies in 16 OECD countries. Our empirical findings indicate that the responses of dollar exchange rates to oil price shocks differ greatly depending on whether changes in oil prices are driven by supply or aggregate demand. Oil price shocks (need to say supply or demand shocks here) can explain about 10%-20% of long-term variations in exchange rates. The explanatory ability of oil shocks to exchange rate variations becomes much greater after global financial crisis. Based on parametric and nonparametric tests, we find little evidence of nonlinear relations between oil prices and exchange rates.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Energy - Volume 112, 1 October 2016, Pages 1036-1048
نویسندگان
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