Supply and demand shocks in the global oil market: How much do they matter for exchange rates in OPEC members?

被引：4
|
作者：
Baek, Jungho [1 ]
机构：
[1] Univ Alaska, Coll Business & Secur Management, Fairbanks, AK 99775 USA
来源：
RESOURCES POLICY | 2023年 / 81卷
关键词：
ARDL; Exchange rates; Oil demand shocks; Oil supply shocks; OPEC; SVAR; RATE NEXUS; PRICE; FALL;
D O I：
10.1016/j.resourpol.2023.103306
中图分类号：
X [环境科学、安全科学];
学科分类号：
08 ; 0830 ;
摘要：
The current article uses the SVAR and ARDL methodologies to study the dynamic responses of exchange rates for OPEC's 13-member countries to oil supply shocks, aggregate demand shocks, and oil-specific demand shocks. We discover that the timing and the direction of the responses of the OPEC currencies appear to differ with the cause of the oil price shocks. We also reveal that the effects of the three oil shocks could be viewed as a short-run phenomenon for the OPEC currencies.
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页数：6
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