SPILLOVER EFFECT OF US DOLLAR EXCHANGE RATE ON CRUDE OIL PRICE

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

KESHAVARZIYAN MARYAM; ZAMANI MEHRZAD; PANAHINEJAD HODA

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: ENERGY ECONOMICS REVIEW Year:2011 | Volume:7 | Issue:27 Page(s): 131-154

Download Full-Text

Persian Verion

View:

1,937

Download:

Cites:

Information Journal Paper

Title

SPILLOVER EFFECT OF US DOLLAR EXCHANGE RATE ON CRUDE OIL PRICE

Author(s)

KESHAVARZIYAN MARYAM | ZAMANI MEHRZAD | PANAHINEJAD HODA | Issue Writer Certificate

Keywords

CRUDE MARKETQ2

DOLLAR EXCHANGE RATEQ3

SPILLOVER EFFECTQ2

PRICE FLUCTUATIONQ3

Abstract

In economic and financial literature, the relationship between exchange rate of the US dollar and oil price is defined as a causality relationship between them which can be studied for long and short term periods. The mentioned relationship can be examined from a structural perspective by examining the demand and supply relationship for crude oil. On the other hand, information transmits reciprocally from one market to another. In order to investigate the mentioned relationships, this article has used the VECM-Multivariate GARCH method. The results of this study indicate that the causality relationship between the dollar market and crude price is unidirectional in the long term from the foreign exchange to the CRUDE MARKET, while there is no causality in the reverse direction. The relationship between the exchange rate of the dollar and crude prices is a negative one. Thus, while forecasting the long term price of crude and finding the elements which have long term effect on it, the trend rate of exchange of the US dollar has to be considered. In terms of the SPILLOVER EFFECT or risk transfer, we recognize that there is no SPILLOVER EFFECT from crude to exchange rate markets while fluctuations of exchange rate market have a SPILLOVER EFFECT on CRUDE MARKETs and part of the crude oil risk comes from the volatility of the exchange rate market.

Cites

INVESTIGATING ON THE IMPACT OF FINANCIAL MARKET ON THE PRICE OF HEAVY CRUDE OIL OF IRAN

References

No record.

Cite

APA: Copy

KESHAVARZIYAN, MARYAM, ZAMANI, MEHRZAD, & PANAHINEJAD, HODA. (2011). SPILLOVER EFFECT OF US DOLLAR EXCHANGE RATE ON CRUDE OIL PRICE. ENERGY ECONOMICS REVIEW, 7(27), 131-154. SID. https://sid.ir/paper/99528/en

Vancouver: Copy

KESHAVARZIYAN MARYAM, ZAMANI MEHRZAD, PANAHINEJAD HODA. SPILLOVER EFFECT OF US DOLLAR EXCHANGE RATE ON CRUDE OIL PRICE. ENERGY ECONOMICS REVIEW[Internet]. 2011;7(27):131-154. Available from: https://sid.ir/paper/99528/en

IEEE: Copy

MARYAM KESHAVARZIYAN, MEHRZAD ZAMANI, and HODA PANAHINEJAD, “SPILLOVER EFFECT OF US DOLLAR EXCHANGE RATE ON CRUDE OIL PRICE,” ENERGY ECONOMICS REVIEW, vol. 7, no. 27, pp. 131–154, 2011, [Online]. Available: https://sid.ir/paper/99528/en

Related Journal Papers