Habib, Maurizio Michael; Kalamova, Margarita Manolova - 2007
-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), testing if real oil prices and productivity differentials against 15 OECD … countries influence exchange rates. In the case of Russia it is possible to establish a positive long-run relationship between …