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shows that world oil prices play an important role in the appreciation of the exchange rates of oil-exporting developing … increasing importance of these economies in the world’s energy markets, this paper examines the role of oil prices in the …
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There has been much interest in the relationship between the price of crude oil, the value of the U.S. dollar, and the U.S. interest rate since the 1980s. For example, the sustained surge in the real price of oil in the 2000s is often attributed to the declining real value of the U.S. dollar as...
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