Arbeitspapier
Oil price drivers, geopolitical uncertainty and oil exporters' currencies
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.
- ISBN
-
978-82-8379-112-9
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 15/2019
- Klassifikation
-
Wirtschaft
Foreign Exchange
Current Account Adjustment; Short-term Capital Movements
Energy: Demand and Supply; Prices
Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
Model Construction and Estimation
- Thema
-
Exchange rates
commodity currencies
oil prices
uncertainty
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Akram, Qaisar Farooq
- Ereignis
-
Veröffentlichung
- (wer)
-
Norges Bank
- (wo)
-
Oslo
- (wann)
-
2019
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 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
- Arbeitspapier
Beteiligte
- Akram, Qaisar Farooq
- Norges Bank
Entstanden
- 2019
Ähnliche Objekte (12)
Oil Price Shocks and Stock Market Booms in an Oil Exporting Country
When Does the Oil Price Affect the Norwegian Exchange Rate?
Oil Wealth and Real Exchange Rates: The FEER for Norway
Oil Price Shocks and Monetary Policy in a Data-Rich Environment
PPP in the Medium Run Despite Oil Shocks: The Case of Norway
Nonlinearities in the Relationship Between Oil Price Changes and Movements in the Norwegian Krone
Bonds, currencies and expectational errors
Business Cycles in an Oil Economy: Lessons from Norway
Oil and Macroeconomic (In)Stability
Oil Price Density Forecasts: Exploring the Linkages with Stock Markets
Oil and Us GDP: A Real-Time Out-Of-Sample Examination
Climate risk and commodity currencies
Oil Price Shocks and Stock Market Booms in an Oil Exporting Country
When Does the Oil Price Affect the Norwegian Exchange Rate?
Oil Wealth and Real Exchange Rates: The FEER for Norway
Oil Price Shocks and Monetary Policy in a Data-Rich Environment
PPP in the Medium Run Despite Oil Shocks: The Case of Norway
Nonlinearities in the Relationship Between Oil Price Changes and Movements in the Norwegian Krone
Bonds, currencies and expectational errors
Business Cycles in an Oil Economy: Lessons from Norway
Oil and Macroeconomic (In)Stability
Oil Price Density Forecasts: Exploring the Linkages with Stock Markets
Oil and Us GDP: A Real-Time Out-Of-Sample Examination
Climate risk and commodity currencies
Oil Price Shocks and Stock Market Booms in an Oil Exporting Country
When Does the Oil Price Affect the Norwegian Exchange Rate?
Oil Wealth and Real Exchange Rates: The FEER for Norway
Oil Price Shocks and Monetary Policy in a Data-Rich Environment
PPP in the Medium Run Despite Oil Shocks: The Case of Norway
Nonlinearities in the Relationship Between Oil Price Changes and Movements in the Norwegian Krone
Bonds, currencies and expectational errors
Business Cycles in an Oil Economy: Lessons from Norway
Oil and Macroeconomic (In)Stability
Oil Price Density Forecasts: Exploring the Linkages with Stock Markets
Oil and Us GDP: A Real-Time Out-Of-Sample Examination