dc.contributor.author | Akram, Q. Farooq | |
dc.date.accessioned | 2020-04-28T19:15:41Z | |
dc.date.available | 2020-04-28T19:15:41Z | |
dc.date.issued | 2019 | |
dc.identifier.isbn | 978-82-8379-112-9 | |
dc.identifier.issn | 1502-8190 | |
dc.identifier.uri | https://hdl.handle.net/11250/2652837 | |
dc.description.abstract | Empirical relationships between crude oil prices and exchange rates of oil exporting countries tend to vary over time. I use econometric models of the norwegian and canadian nominal exchange rates to investigate whether such time-variation could reflect shifts in the key oil price drivers over time. Results suggest that demand- and supply-driven oil price increases strengthen these currencies to different extents. In contrast, heightened geopolitical uncertainty and associated oil price increases go together with a weakening of oil exporters’ currencies. The latter result may explain coincidences of higher oil prices and a weakening of oil exporters’ currencies. | en_US |
dc.language.iso | eng | en_US |
dc.publisher | Norges Bank | en_US |
dc.relation.ispartofseries | Working Paper;15/2019 | |
dc.rights | Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal | * |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/4.0/deed.no | * |
dc.subject | exchange rates | en_US |
dc.subject | commodity currencies | en_US |
dc.subject | oil prices | en_US |
dc.subject | uncertainty | en_US |
dc.subject | JEL: F31 | en_US |
dc.subject | JEL: F32 | en_US |
dc.subject | JEL: Q41 | en_US |
dc.subject | JEL: C22 | en_US |
dc.subject | JEL: C51 | en_US |
dc.title | Oil price drivers, geopolitical uncertainty and oil exporters’ currencies | en_US |
dc.type | Working paper | en_US |
dc.description.version | publishedVersion | en_US |
dc.subject.nsi | VDP::Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212 | en_US |
dc.source.pagenumber | 29 | en_US |