Crude oil price and exchange rate: Evidence from the period before and after the launch of China's crude oil futures

2021 ◽  
pp. 105707
Author(s):  
Chuanwang Sun ◽  
Yanhong Zhan ◽  
Yiqi Peng ◽  
Weiyi Cai
Keyword(s):  
Exchange Rate ◽  
Crude Oil ◽  
Oil Price ◽  
Crude Oil Price ◽  
Oil Futures ◽  
Before And After ◽  
Crude Oil Futures

scholarly journals Can Crude Oil Futures Predict Sport Retail Unleaded Gasoline Prices?

1970 ◽  
Vol 26 (2) ◽  
pp. 191-210
Author(s):  
Vance Ginn ◽  
Ronald Gilbert
Keyword(s):  
Crude Oil ◽  
Sharp Decrease ◽  
Oil Price ◽  
Gasoline Prices ◽  
Crude Oil Price ◽  
Unleaded Gasoline ◽  
Oil Futures ◽  
Retail Gasoline ◽  
Distributed Lag ◽  
Crude Oil Futures

The motivation for this paper began with casual empiricism regarding thebrief distributed lag of retail gasoline prices behind crude oil futures. We developeda model consistent with our hypothesis and tested it with econometrics using statisticaldata that include the sharp decrease in crude oil price futures in late summer2008. We found that our model is a consistent and efficient estimator of the actualgasoline prices over most of our sample period. However, random shocks to gasolineprices, like Hurricane Ike in 2008, cause the model to have problems accuratelypredicting gas prices. We conclude that our estimated model and simulations providereasonable support for our hypothesis that crude oil price futures can predict spotretail unleaded gasoline prices.

Impacts of Falling Crude Oil Prices and Reduction of Energy Subsidies on the Indian Economy: A CGE Modelling Approach

2016 ◽  
Vol 20 (4) ◽  
pp. 345-360
Author(s):  
Amrita Ganguly ◽  
Koushik Das
Keyword(s):  
Exchange Rate ◽  
Crude Oil ◽  
Oil Price ◽  
Cash Transfer ◽  
Crude Oil Price ◽  
Transfer Scheme ◽  
Indian Economy ◽  
Cge Modelling ◽  
The Impact ◽  
Energy Subsidy

This study analyzes the impacts of international crude oil fluctuations and energy subsidy (on LPG, petrol and diesel) removals on Indian economy. We have applied computable general equilibrium (CGE) modelling as our relevant methodology, following Shoven and Whalley ( J Econ Lit XXII: 1007–1051, 1984) based on energy social accounting matrix (ESAM) of India for the year 2007–2008. It is seen that the international crude oil price fluctuations has a greater effect in determining gross domestic product (GDP) and exchange rate as compared to the effect of energy subsidy removal. With decrease in international crude oil price, GDP increases and exchange rate appreciates. On the other hand, with decrease in energy subsidy, GDP decreases and exchange rate appreciates. Moreover, with introduction of direct cash transfer scheme in lieu of subsidy for LPG, it is seen that the impact on demand of LPG (substitution effect) is negligible indicating that LPG is an essential commodity.

Tail Causality between Crude Oil Price and RMB Exchange Rate

2020 ◽  
Vol 28 (3) ◽  
pp. 116-134 ◽  
Author(s):  
Haoyuan Ding ◽  
Yuying Jin ◽  
Cong Qin ◽  
Jiezhou Ying
Keyword(s):  
Exchange Rate ◽  
Crude Oil ◽  
Oil Price ◽  
Crude Oil Price ◽  
Rmb Exchange Rate

Tail Causality between Crude Oil Price and RMB Exchange Rate

2019 ◽  
Author(s):  
Haoyuan Ding ◽  
Yuying Jin ◽  
Cong Qin ◽  
Jiezhou Ying
Keyword(s):  
Exchange Rate ◽  
Crude Oil ◽  
Oil Price ◽  
Crude Oil Price ◽  
Rmb Exchange Rate

Global economic activity, crude oil price and production, stock market behaviour and the Nigeria-US exchange rate

2020 ◽  
Vol 92 ◽  
pp. 104938 ◽  
Author(s):  
Olaolu Richard Olayeni ◽  
Aviral Kumar Tiwari ◽  
Mark E. Wohar
Keyword(s):  
Exchange Rate ◽  
Stock Market ◽  
Crude Oil ◽  
Economic Activity ◽  
Oil Price ◽  
Crude Oil Price ◽  
Market Behaviour
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