The Impact of Nondollar-Denominated Oil Pricing

OPEC has discussed replacing the dollar as the currency in which oil is priced. The impact of such a change on U.S. energy costs is explored using a simulation to reconstruct oil costs for the period 1986-90. Variability of oil prices would have been higher as would have the U.S. trade deficit and overall domestic oil expenditures.

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Year of publication:	1992
Authors:	Tucker, Michael
Published in:	Eastern Economic Journal. - Eastern Economic Association - EEA, ISSN 0094-5056. - Vol. 18.1992, 2, p. 229-235
Publisher:	Eastern Economic Association - EEA
Subject:	Energy \| OPEC \| Oil Price \| Oil

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Extent:	application/pdf
Type of publication:	Article
Classification:	Q43 - Energy and the Macroeconomy ; F31 - Foreign Exchange ; Q38 - Government Policy
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005769849