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dc.contributor.authorAkram, Q. Farooq
dc.description.abstractEmpirical 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.publisherNorges Banken_US
dc.relation.ispartofseriesWorking Paper;15/2019
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 Internasjonal*
dc.subjectexchange ratesen_US
dc.subjectcommodity currenciesen_US
dc.subjectoil pricesen_US
dc.subjectJEL: F31en_US
dc.subjectJEL: F32en_US
dc.subjectJEL: Q41en_US
dc.subjectJEL: C22en_US
dc.subjectJEL: C51en_US
dc.titleOil price drivers, geopolitical uncertainty and oil exporters’ currenciesen_US
dc.typeWorking paperen_US
dc.subject.nsiVDP::Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212en_US

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Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal