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Does The Usd Exchange Rate Really Affect Oil Prices?

Author

Listed:
  • ALTIN IDRIZI

    (University of Elbasan "Aleksander Xhuvani", Albania)

  • ARDIAN DURMISHI

    (University of Elbasan "Aleksander Xhuvani", Albania)

  • NIKOLAY PATONOV

    (SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD)

Abstract

This paper is intended to study the relationship between the USD exchange rate and the crude oil prices. The empirical analysis uses regression on time-series data to search for a link between these variables. The results are in favour of the predictions of conventional economic wisdom. Negative link is found which means strong dollar leads to cheap crude oil, and vice versa.

Suggested Citation

  • Altin Idrizi & Ardian Durmishi & Nikolay Patonov, 2016. "Does The Usd Exchange Rate Really Affect Oil Prices?," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 12(2), pages 124-127.
    • Handle: RePEc:neo:journl:v:12:y:2016:i:2:p:124-127
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    More about this item

    Keywords

    US dollar; crude oil; regression analysis;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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