Bericht
Oil market structure, network effects and the choice of currency for oil invoicing
A recurring theme in recent years in the debate on the international role of currencies has been the possiblity of pricing oil in euro. This paper contributes to these debates by providing a detailed review of the empirical evidence regarding the market for crude oil and current oil invoicing practices. It introduces a network effect model to identify the conditions under which a parallel invoicing in different currencies would be possible. The paper also includes a simulation designed to illustrate the dynamics of the currency choice of oil invoicing.
- Sprache
-
Englisch
- Erschienen in
-
Series: ECB Occasional Paper ; No. 77
- Klassifikation
-
Wirtschaft
- Thema
-
Ölmarkt
Marktmechanismus
Währungssubstitution
Welt
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Mileva, Elitza
Siegfried, Nikolaus
- Ereignis
-
Veröffentlichung
- (wer)
-
European Central Bank (ECB)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Bericht
Beteiligte
- Mileva, Elitza
- Siegfried, Nikolaus
- European Central Bank (ECB)
Entstanden
- 2007
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