Oil prices versus oil export revenues as fundamental factors of the real russian ruble exchange rate: a comparison of VEC models

2019 ◽  
Vol 1 (4) ◽  
pp. 178-190
Author(s):  
A. V. Shumilov ◽  
Keyword(s):  
Exchange Rate ◽  
Oil Prices ◽  
The Real ◽  
Oil Export

scholarly journals Oil Prices and the Real Exchange Rate in Nigeria

2012 ◽  
Vol 4 (6) ◽  
Author(s):  
Victor E. Oriavwote ◽  
Nathanael O. Eriemo
Keyword(s):  
Exchange Rate ◽  
Real Exchange Rate ◽  
Oil Prices ◽  
The Real

Common Trends and Common Cycles in Oil Price and Real Exchange Rate

2014 ◽  
Vol 14 (2) ◽  
pp. 249-263 ◽  
Author(s):  
Hem C. Basnet ◽  
Puneet Vatsa ◽  
Subhash Sharma
Keyword(s):  
Exchange Rate ◽  
Exchange Rates ◽  
Crude Oil ◽  
Real Exchange Rates ◽  
Oil Prices ◽  
Oil Price ◽  
Cycle Decomposition ◽  
The Real ◽  
Crude Oil Prices ◽  
Common Cycles

This study explores the long- and short-run movement between oil prices and the real exchange rates of two large oil-exporting countries – Canada and Norway. Cointegration and serial correlation common features tests are jointly used to identify the long-term common trend and short-term common cycles. Our test results find that oil prices and the real exchange rates of the Canadian Dollar and the Norwegian Krone have two shared trends and one shared cycle. The trend–cycle decomposition shows a great deal of positive comovement among the trend and cyclical components. The two currencies show economic dynamics very similar to crude oil prices. They do not exhibit any qualitative differences in the trajectory of the trend and cycles when controlling for different crude oil prices. Our results indicate that oil price fluctuations play significant role in explaining the exchange rate movements of oil-exporting countries.

Oil prices and the real exchange rate in oil-exporting countries

2012 ◽  
Vol 36 (4) ◽  
pp. 375-382 ◽  
Author(s):  
Usama Al-mulali ◽  
Che Normee Binti Che Sab
Keyword(s):  
Exchange Rate ◽  
Real Exchange Rate ◽  
Oil Prices ◽  
The Real

scholarly journals THE INFLUENCE OF OIL PRICES ON INDONESIA’S EXCHANGE RATE

2019 ◽  
Vol 21 (3) ◽  
pp. 303-322 ◽  
Author(s):  
Seema Wati Narayan ◽  
Telisa Falianty ◽  
Lutzardo Tobing
Keyword(s):  
Exchange Rate ◽  
Real Exchange Rate ◽  
Exchange Rate Regime ◽  
Oil Prices ◽  
The Real ◽  
Float Exchange Rate ◽  
Long Run ◽  
The Us ◽  
Us Dollar

This study tests for a long-run relation between oil prices and the rupiah–US dollarexchange rate. We discover, first, that the long-run cointegration relation between oilprices and the real exchange rate (RER) is sensitive to different exchange rate regimesin Indonesia. Second, we find a long-run cointegrating relation between oil prices andthe RER over the float exchange rate regime. However, in the managed float period,there is no evidence of a long-run relation between oil prices and the RER. In the longrun, higher oil prices lead to an appreciation of the rupiah against the US dollar in thefloat period (post-August 1997 period). We demonstrate that these results are robust todifferent data frequencies.

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