IDEAS home Printed from https://ideas.repec.org/a/bde/joures/y2006i02n06.html
   My bibliography  Save this article

Canales de reciclaje internacional de los petrodólares

Author

Listed:
  • Juan Ruiz
  • Josep Vilarrubia

Abstract

El precio del petróleo ha experimentado un sustancial aumento desde inicios del año 2002, lo que lo ha llevado a alcanzar cotizaciones máximas históricas en términos nominales a fines del tercer trimestre de 2005 y nuevamente durante enero de 2006, cuando el crudo tipo Brent alcanzó cerca de 68 dólares por barril, más de tres veces el precio de enero de 2002. Aunque en términos reales el precio del petróleo aún no ha alcanzado los máximos históricos de 1980, el actual incremento se ha traducido en una significativa mejora de los términos de intercambio para los principales países exportadores de petróleo. En total, los exportadores de petróleo habrían recibido por este concepto alrededor de 700 mm de dólares en 2005 (un 73% más que en 2001), de los cuales alrededor de un 80% se dirigió hacia los países de la OPEP y Rusia. Este artículo analiza, a la luz de los escasos datos disponibles sobre estas economías, el uso internacional de esos recursos a través de los canales comercial y financiero, comparándolo con experiencias previas de aumentos en el precio del petróleo.

Suggested Citation

  • Juan Ruiz & Josep Vilarrubia, 2006. "Canales de reciclaje internacional de los petrodólares," Boletín Económico, Banco de España, issue FEB, pages 77-90, Febrero.
    • Handle: RePEc:bde:joures:y:2006:i:02:n:06
    as

    Download full text from publisher

    File URL: http://www.bde.es/f/webbde/SES/Secciones/Publicaciones/InformesBoletinesRevistas/BoletinEconomico/06/Feb/Fich/art6.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Ray Barrell & Olga Pomerantz, 2004. "Oil Prices and the World Economy," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 1, pages 152-177.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ray Barrell & Sylvia Gottschalk & Dawn Holland & Ehsan Khoman & Iana Liadze & Olga Pomerantz, 2008. "The impact of EMU on growth and employment," European Economy - Economic Papers 2008 - 2015 318, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    2. Beirne, John & Beulen, Christian & Liu, Guy & Mirzaei, Ali, 2013. "Global oil prices and the impact of China," China Economic Review, Elsevier, vol. 27(C), pages 37-51.
    3. Zhang, Zhanren & Karimi, Mohammad Sharif & Weerasinghe, Naveen Mahasen & Bilan, Yuriy & Shahzad, U., 2024. "Interplay between economic progress, carbon emissions and energy prices on green energy adoption: Evidence from USA and Germany in context of sustainability," Renewable Energy, Elsevier, vol. 232(C).
    4. Frode Kj rland & Maria Meland & Are Oust & Vilde yen, 2018. "How can Bitcoin Price Fluctuations be Explained?," International Journal of Economics and Financial Issues, Econjournals, vol. 8(3), pages 323-332.
    5. Douwe Kingma & Wim Suyker, 2004. "FAQs about oil and the world economy," CPB Memorandum 104.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
    6. Mohanty, Sunil & Nandha, Mohan & Bota, Gabor, 2010. "Oil shocks and stock returns: The case of the Central and Eastern European (CEE) oil and gas sectors," Emerging Markets Review, Elsevier, vol. 11(4), pages 358-372, December.
    7. Sleuwaegen, Leo & Goedhuys, Micheline, 2002. "Growth of firms in developing countries, evidence from Cote d'Ivoire," Journal of Development Economics, Elsevier, vol. 68(1), pages 117-135, June.
    8. Marcelo Sánchez, 2011. "Oil shocks and endogenous markups: results from an estimated euro area DSGE model," International Economics and Economic Policy, Springer, vol. 8(3), pages 247-273, September.
    9. Hassan, Syeda Anam & Zaman, Khalid, 2012. "Effect of oil prices on trade balance: New insights into the cointegration relationship from Pakistan," Economic Modelling, Elsevier, vol. 29(6), pages 2125-2143.
    10. Ruiz, Juan, 2004. "Causas y consecuencias de la evolución reciente del precio del petróleo," MPRA Paper 431, University Library of Munich, Germany.
    11. Douwe Kingma & Wim Suyker, 2004. "FAQs about oil and the world economy," CPB Memorandum 104, CPB Netherlands Bureau for Economic Policy Analysis.

    More about this item

    JEL classification:

    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bde:joures:y:2006:i:02:n:06. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ángel Rodríguez. Electronic Dissemination of Information Unit. Research Department. Banco de España (email available below). General contact details of provider: https://edirc.repec.org/data/bdegves.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.