Onto Exchange Rate’s Short Run Impact on Oil Prices Dynamics

Onto Exchange Rate’s Short Run Impact on Oil Prices Dynamics: An OPEC Members’ perspective / Sadek Melhem and
Michel Terraza. Economics Bulletin, Vol. 31 no.2 pp. 1163-1171.

http://www.accessecon.com/Pubs/EB/2011/Volume31/EB-11-V31-I2-P108.pdf

In this paper, we study the oil price formation for the purpose of understanding price reactions of OPEC member countries to changes in the exchange rate of the US dollar and prices of other members in the short run. The results suggested that there is a partial impact of exchange rates volatility on oil prices dynamics in short runs. Moreover, the study demonstrated that Saudi Arabia behaves as a leader in the OPEC structure market while it behaves differently when linked to other reference markets. Generally, Saudi Arabia behaves more potentially and more moderately than the other OPEC members in responding to change of references markets prices (© authors)



Citer ce billet
Danièle Revel (2011, 12 mai). Onto Exchange Rate’s Short Run Impact on Oil Prices Dynamics. Veille énergie climat. Consulté le 19 avril 2024, à l’adresse https://doi.org/10.58079/o8x3

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