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

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.

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

scholarly journals Econometric Analysis of Determinants of Real Effective Exchange Rate in Nigeria (1960-2015)

2016 ◽  
Vol 9 (1) ◽  
pp. 62-80 ◽  
Author(s):  
Waheed Ibrahim
Keyword(s):  
Exchange Rate ◽  
Crude Oil ◽  
Terms Of Trade ◽  
Oil Price ◽  
Real Effective Exchange Rate ◽  
Crude Oil Price ◽  
Long Run ◽  
Effective Exchange ◽  
Short Run ◽  
Effective Exchange Rate

Abstract This study investigates the determinants of real effective exchange rate in Nigeria for the period between 1960 and 2015 using the vector error correction mechanism to separate long run from the short run fundamentals. The findings from the regression estimates revealed that; terms of trade, openness of the economy, net capital inflow and total government expenditure were the major long run determinants of real effective exchange rate in the country while variables such as; broad money supply (M2), nominal effective exchange rate, structural adjustment program dummy, June 12 crisis and change to civil rule dummies were revealed as the major short run determinants of exchange rate in Nigeria between 1960 and 2015. The study concludes by recommending that since the major variable of terms of trade (crude oil price) is out of the government control, the effect of shocks due to the fluctuations of crude oil price can be minimized by shifting the economy from a mono-product nation and diversify the economy to increase productive capacity. Also, the change to civil rule dummy used in the study revealed that the system has not been friendly with the country’s real effective exchange rate, thus needing to review the system and bringing out all negative activities there in to ensure Nigeria’s currency appreciation. Guided openness is also suggested to avert the danger that unguided trade liberalization may bring into the country.

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