Rolling, recursive evolving and asymmetric causality between crude oil and gold prices: Evidence from an emerging market

2022 ◽  
Vol 75 ◽  
pp. 102474
Author(s):  
Aswini Kumar Mishra ◽  
Kshitish Ghate ◽  
Jayashree Renganathan ◽  
Joushita J. Kennet ◽  
Nilay Pradeep Rajderkar
Keyword(s):  
Crude Oil ◽  
Emerging Market ◽  
Asymmetric Causality

A Barrel of Oil or a Bottle of Wine: How Do Global Growth Dynamics Affect Commodity Prices?

2014 ◽  
Vol 9 (1) ◽  
pp. 34-50 ◽  
Author(s):  
Serhan Cevik ◽  
Tahsin Saadi Sedik
Keyword(s):  
Crude Oil ◽  
Developing Economies ◽  
Emerging Market ◽  
Aggregate Demand ◽  
Commodity Prices ◽  
Growth Dynamics ◽  
Commodity Price ◽  
Output Growth ◽  
Incremental Change ◽  
Advanced Economies

AbstractThis paper explores empirically the causes of extreme fluctuations in commodity prices from January 1990 to June 2010 and seeks to identify the relative contribution of advanced and emerging market economies to the changes in commodity prices. Our assumption is that analyzing two very distinct goods—crude oil and fine wine—helps to identify common determinants of commodity prices. We find that the growth rate of global aggregate demand is the key macroeconomic determinant of the fluctuations in both crude oil and fine wine prices over the sample period. While advanced economies account for more than half of global consumption, emerging market and developing economies make up the bulk of the incremental change in demand, thereby having a greater weight in commodity price formation. The coefficient of emerging market industrial output growth is about three times as high as that of advanced economies in oil price regressions and almost five times as powerful in fine wine price regressions. The results also show that the shift in the composition of aggregate commodity demand is a recent phenomenon. (JEL Classifications: Q11, Q39, Q41, Q43)

Crude oil price, exchange rate and gross domestic product nexus in an emerging market: A cointegration analysis

2016 ◽  
Vol 40 (2) ◽  
pp. 212-231 ◽  
Author(s):  
Emmanuel Kwasi Mensah ◽  
Umberto Triacca ◽  
Eric Amoo Bondzie ◽  
Gabriel Obed Fosu
Keyword(s):  
Exchange Rate ◽  
Gross Domestic Product ◽  
Crude Oil ◽  
Emerging Market ◽  
Cointegration Analysis ◽  
Oil Price ◽  
Domestic Product ◽  
Crude Oil Price

Oil prices are likely to stay high to the end of 2018

2018 ◽  
Keyword(s):  
Crude Oil ◽  
Emerging Market ◽  
Oil Prices ◽  
Oil Price ◽  
Wide Spread ◽  
Content Type ◽  
West Texas ◽  
Oil Exports ◽  
Market Expectations

Subject Outlook for the oil price. Significance OPEC’s decision not to raise production ahead of the re-imposition of US sanctions on Iranian oil exports in November has caused oil prices and market expectations to jump. Impacts US sanctions on Iranian exports are likely to cut global supply by up to 1.5 million barrels per day, twice the forecast earlier in 2018. The wide spread between the Brent and West Texas Intermediate (WTI) grades of crude oil will make US refining exports more competitive. Higher oil prices will raise prices and damage budget and trade balances in emerging-market net importers -- adding to mounting risks.

scholarly journals Exchange Rate Exposure and Crude Oil Price: The Case of an Emerging Market

2018 ◽  
Vol 14 (2) ◽  
pp. 157-184
Author(s):  
Meen Chee Hong ◽  
◽  
Ei Yet Chu ◽  
Saw Imm Song ◽  
◽  
...  
Keyword(s):  
Exchange Rate ◽  
Crude Oil ◽  
Emerging Market ◽  
Oil Price ◽  
Crude Oil Price ◽  
Exchange Rate Exposure

Upheaval in the distribution of power in the world economy: Problems and outlook of the world economy to 2050

2017 ◽  
pp. 114-127 ◽  
Author(s):  
V. Klinov
Keyword(s):  
Economic Policy ◽  
International Trade ◽  
World Economy ◽  
Emerging Market ◽  
Detailed Review ◽  
Depressed State ◽  
Industry Output ◽  
The World ◽  
Distribution Of Power ◽  
The Eu

Causes of upheaval in the distribution of power among large advanced and emerging market economies in the XXI century, especially in industry output and international trade, are a topic of the paper. Problems of employment, financialization and income distribution inequality as consequences of globalization are identified as the most important. Causes of the depressed state of the EU and the eurozone are presented in a detailed review. In this content, PwC forecast of changes in the world economy by 2050, to the author’s view, optimistically provides for wise and diligent economic policy.

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