Different Safe Harbours in Different Winds: Do Safe Havens Differ When the Oil Price Falls for Different Reasons?

2021 ◽  
Author(s):  
Muhammad A. Cheema ◽  
Robert W. Faff ◽  
Michael Ryan
Keyword(s):  
Oil Price ◽  
Safe Harbours

Different Safe Harbours in Different Winds:Do Safe Havens Differ When the Oil Price Falls for Different Reasons?

2021 ◽  
Author(s):  
Muhammad A. Cheema ◽  
Robert W. Faff ◽  
Michael Ryan
Keyword(s):  
Oil Price ◽  
Safe Harbours

Monetary policy and the effect of the transfer of oil prices to inflation

2020 ◽  
pp. 41-50
Author(s):  
Ph. S. Kartaev ◽  
I. D. Medvedev
Keyword(s):  
Monetary Policy ◽  
Inflation Targeting ◽  
Dynamic Models ◽  
Oil Prices ◽  
Oil Price ◽  
Oil Price Shocks ◽  
Negative Effects ◽  
Price Shocks ◽  
Policy Regime ◽  
The Impact

The paper examines the impact of oil price shocks on inflation, as well as the impact of the choice of the monetary policy regime on the strength of this influence. We used dynamic models on panel data for the countries of the world for the period from 2000 to 2017. It is shown that mainly the impact of changes in oil prices on inflation is carried out through the channel of exchange rate. The paper demonstrates the influence of the transition to inflation targeting on the nature of the relationship between oil price shocks and inflation. This effect is asymmetrical: during periods of rising oil prices, inflation targeting reduces the effect of the transfer of oil prices, limiting negative effects of shock. During periods of decline in oil prices, this monetary policy regime, in contrast, contributes to a stronger transfer, helping to reduce inflation.

THE OIL PRICE CRISIS AND ITS IMPACT ON SCOTTISH NORTH SEA DEVELOPMENT 1986-1988

1993 ◽  
Vol 13 (1) ◽  
pp. 56-71
Author(s):  
W.J. Pike
Keyword(s):  
North Sea ◽  
Oil Price

Impact of exchange rate and oil price on the yield of sovereign bond and sukuk: Evidence from Malaysian capital market

2017 ◽  
Vol 5 (4) ◽  
pp. 27
Author(s):  
Huda Arshad ◽  
Ruhaini Muda ◽  
Ismah Osman
Keyword(s):  
Exchange Rate ◽  
Capital Market ◽  
Time Series Data ◽  
Oil Prices ◽  
Oil Price ◽  
Series Data ◽  
Sovereign Bond ◽  
Long Run ◽  
Short Run ◽  
The Impact

This study analyses the impact of exchange rate and oil prices on the yield of sovereign bond and sukuk for Malaysian capital market. This study aims to ascertain the effect of weakening Malaysian Ringgit and declining of crude oil price on the fixed income investors in the emerging capital market. This study utilises daily time series data of Malaysian exchange rate, oil price and the yield of Malaysian sovereign bond and sukuk from year 2006 until 2015. The findings show that the weakening of exchange rate and oil prices contribute different impacts in the short and long run. In the short run, the exchange rate and oil prices does not have a direct relation with the yield of sovereign bond and sukuk. However, in the long run, the result reveals that there is a significant relationship between exchange rate and oil prices on the yield of sovereign bond and sukuk. It is evident that only a unidirectional causality relation is present between exchange rate and oil price towards selected yield of Malaysian sovereign bond and sukuk. This study provides numerical and empirical insights on issues relating to capital market that supports public authorities and private institutions on their decision and policymaking process.

Construction of Peace in Middle East and Analysis on Labour Market and Oil Price in Gulf Region

2017 ◽  
Vol 3 ◽  
pp. 85-102
Author(s):  
Byeongho Kim ◽  
Keyword(s):  
Middle East ◽  
Labour Market ◽  
Oil Price ◽  
Gulf Region

Inflation, Unemployment Rate and Global Oil Price, Study of United States

2020 ◽  
Vol 10 (10 (2)) ◽  
pp. 145-162
Author(s):  
Saadettin AYDIN
Keyword(s):  
United States ◽  
Unemployment Rate ◽  
Oil Price

Impact of crude oil price on the socio-political environment of global countries

2019 ◽  
Vol 118 (3) ◽  
pp. 110-122
Author(s):  
Johnson Clement Madathil ◽  
Velmurugan P. S
Keyword(s):  
Crude Oil ◽  
Descriptive Analysis ◽  
Oil Price ◽  
Policy Framework ◽  
Political Environment ◽  
Policy Reforms ◽  
Crude Oil Price ◽  
Short Term ◽  
Political Impact ◽  
New Energy

Crude oil is known to have an impact on people’s life of both producers and consumers of crude oil countries. A producer country’s socio-political impact will be different from a consumer country’s socio-political impact. This paper aims to show that crude oil price has a socio-political impact on global countries through descriptive analysis. The study found that there were similarities in the movement of crude oil price and change in GDP of both India and United States and further Russia and Venezuela have had crude oil impact on their respective GDP’s, which has made them take policy reforms. The paper identifies changes in the policy framework due to influence of crude oil price and eventual changes in existing socio-political environment. Taking oil producing countries such as Russia and Venezuela as examples, this paper suggests that policy reforms are the key to having a stable socio-political environment. Russia shows us that having a flexible monetary policy can keep the budget dependence on crude oil reduced in the short term. On the other hand, for oil consuming countries, having a stable supply and moving to new energy sources is the key to tackle the influence of crude oil price on the socio-political environment of global countries.

Estimating the Quantitative Importance of Various Sources of Macroeconomic Variability

1994 ◽  
Vol 33 (4II) ◽  
pp. 1073-1087
Author(s):  
Rizwan Thair
Keyword(s):  
Research Agenda ◽  
Oil Price ◽  
Macroeconomic Fluctuations ◽  
Early 20Th Century ◽  
Technology Shocks ◽  
Money Stock ◽  
Price Shocks ◽  
The Business Cycle ◽  
Structural Shifts ◽  
Quantitative Importance

Providing a reasonable explanation for the business cycle has been the research agenda for many economists since the early 20th century, from Mitchell (1913), Pigou (1927) and Adelman and Adelman (1959) to Lucas (1972), Black (1982) and King and Plosser (1984). For a review, see Zarnowitz (1985). Most attempts to explain the sources of macroeconomic fluctuations' attribute the variability in output and prices to only a few sources, sometimes to\mJ.y one. Kydland and Prescott (1982) and others proposed technology shocks as the main source of aggregate variability; Barro (1977) pointed to unanticipated changes in money stock; Lilien (1982) argued for 'unusual structural shifts' such as changes in the demand for goods relative to services, and Hamilton (1983) concluded in favour of oil price shocks.

The Impact of Oil Price Fluctuations on Industry Stock Returns: Evidence from International Markets

2018 ◽  
Vol 5 (1) ◽  
pp. 1-12
Author(s):  
Elias Randjbaran ◽  
Reza Tahmoorespour ◽  
Marjan Rezvani ◽  
Meysam Safari
Keyword(s):  
Stock Returns ◽  
Oil And Gas ◽  
Negative Relationship ◽  
The United States ◽  
Oil Price ◽  
Price Variation ◽  
Price Changes ◽  
Price Fluctuations ◽  
Food And Beverage ◽  
The Impact

This study investigates the impact of oil price variation on 14 industries in six markets, including Canada, China, France, India, the United Kingdom, and the United States. Panel weekly data were collected from June 1998 to December 2011. The results indicate that price fluctuations primarily affect the Oil and Gas as well as the Mining industries and have the least influence on the Food and Beverage industry. Furthermore, in three out of six of these countries (Canada, France, and the U.K.), oil price changes negatively affect the Pharmaceutical and Biotechnology industry. One possible reason for the negative relationship between oil price changes and the Pharmaceutical and Biotechnology industries in the above-mentioned countries is that the governments of these countries fund their healthcare systems. Portfolio managers and investors will find the results of this study useful because it enables adjusting portfolios based on knowledge of the industries that are impacted the most or the least by oil price fluctuations.

Sign in / Sign up

Export Citation Format

Share Document