OIL PRICES AND THE VALUE OF US DOLLAR: THEORETICAL INVESTIGATION AND EMPIRICAL EVIDENCE

• Autorzy: Obadi Saleh Mothana , Soňa Othmanová
• Języki publikacji: EN

Abstrakty

EN

This paper deals with the development of oil prices and the factors which have impact on these prices. The main objective of this paper is to identify the impact of movement of exchange rate of US Dollar on crude oil prices. To reach the mentioned objective we have had used theoretical and empirical analyses and methods such as regression model, Granger causality and structural models to identify to what the extent the oil prices depend on the value of US Dollar, as one of the factors influencing the oil prices in the international markets, particularly in the last two decades. We find that US Dollar has a significant impact on oil prices.

Słowa kluczowe

EN

CRUDE OIL; PRICE; US DOLLAR; EXCHANGE RATE; GRANGER CAUSALITY; STRUCTURAL MODEL

• Wydawca: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Czasopismo: Ekonomický časopis (Journal of Economics)
• Rocznik: 2012
• Tom: 60
• Numer: 8
• Strony: 771 – 790

Twórcy

autor

Obadi Saleh Mothana

• Ekonomický ústav SAV, Šancová 56, 811 05 Bratislava, Slovak Republic,

autor

Soňa Othmanová