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Are there oil currencies? The real exchange rate of oil exporting countries
Habib, Maurizio Michael; Kalamova, Margarita Manolova - 2007
This paper investigates whether the real oil price has an impact on the real exchange rates of three main oil-exporting countries: Norway, Russia and Saudi Arabia. We create our measure of the real effective exchange rates for Norway and Saudi Arabia (1980-2006) and for Russia (1995-2006),...
Persistent link: https://www.econbiz.de/10011604885
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Crude oil prices and the euro-dollar exchange rate: A forecasting exercise
Crespo Cuaresma, Jesus; Breitenfellner, Andreas - 2008
If oil exporters stabilize the purchasing power of their export revenues in terms of imports, exchange rate developments (and particularly, developments in the US dollar/euro exchange rate) may contain information about oil price changes. This hypothesis depends on three conditions: (a) OPEC has...
Persistent link: https://www.econbiz.de/10010293389
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Does the Iranian oil supply matter for the oil prices?
Farzanegan, Mohammad Reza - 2012
There is an increasing tension between the Iranian Government and the west on an increasingly likely European oil embargo and the Iranian threat to close the Strait of Hormuz. The main question is: What will happen to the international oil prices in the case of shocks in the flow of Iranian oil...
Persistent link: https://www.econbiz.de/10010294407
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Modelling the Effects of Oil Prices on Global Fertilizer Prices and Volatility
Chen, Ping-Yu; Chang, Chia-Lin; Chen, Chi-Chung; … - 2013
The main purpose of this paper is to evaluate the effect of crude oil price on global fertilizer prices in both the mean and volatility. The endogenous structural breakpoint unit root test, ARDL model, and alternative volatility models, including GARCH, EGARCH, and GJR models, are used to...
Persistent link: https://www.econbiz.de/10010326493
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Global commodity cycles and linkages a FAVAR approach
Lombardi, Marco J.; Osbat, Chiara; Schnatz, Bernd - 2010
In this paper we examine linkages across non-energy commodity price developments by means of a factor-augmented VAR model (FAVAR). From a set of non-energy commodity price series, we extract two factors, which we identify as common trends in metals and a food prices. These factors are included...
Persistent link: https://www.econbiz.de/10011605216
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Does the Oil Price Adjust Optimally to Oil Field Discoveries?
Leinert, Lisa - 2012
The Hotelling rule argues that the price for a non-renewable resource adjusts to the shadow value of the resource, reflecting its remaining availability. This study provides an empirical test of this hypothesis. It investigates whether the price of crude oil does adjust to unexpected news about...
Persistent link: https://www.econbiz.de/10011753233
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Evaluating the Empirical Performance of Alternative Econometric Models for Oil Price Forecasting
Manera, Matteo; Longo, Chiara; Markandya, Anil; Scarpa, … - 2007
The relevance of oil in the world economy explains why considerable effort has been devoted to the development of …
Persistent link: https://www.econbiz.de/10010312337
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The impact of capital flows on domestic investment in transition economies
Mileva, Elitza - 2008
domestic investment. In this partial adjustment setup, capital flows can have contemporaneous and long-term effects on … investment. For countries with less developed financial markets and weaker institutions, our estimates for the FDI coefficient … are larger than one, suggesting FDI stimulates investment in other sectors of the economy ("spillover" effects). Over the …
Persistent link: https://www.econbiz.de/10011604917
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FDI Outflows and Domestic Investment: Substitutes or Complements? Exploring the Indian Experience Nandita
Dasgupta, Nandita - 2016
The recent phenomenon of rising outward foreign direct investment (OFDI) flows has raised serious policy concerns about … its effects on the domestic investment and capital formation in the countries of origin of such FDI flows. Does OFDI … stimulate domestic investment or does it crowd it out? The concern arises because OFDI activities could shift not only some of …
Persistent link: https://www.econbiz.de/10012142458
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OPEC, Saudi Arabia, and the shale revolution: Insights from equilibrium modelling and oil politics
Ansari, Dawud - In: Energy Policy 111 (2017), pp. 166-178
Why did OPEC not cut oil production in the wake of 2014's price fall? This study aims at aiding the mostly qualitative discussion with quantitative evidence from computing quarterly partial market equilibria Q4 2011 – Q4 2015 under present short-term profit maximisation and different...
Persistent link: https://www.econbiz.de/10012102479