The Links between the Price of Oil and the Value of US Dollar

Authors

  • Yi Zhang

Abstract

Using monthly data, this paper studies the cointegration between the real price of oil and the real effective exchange rate of US dollar allowing for structural breaks. Contrary to the conclusion from previous literature, this paper finds that the cointegration between the oil price and the value of US dollar does not significantly exist unless the effects of two structural breaks in the past, November 1986 and February 2005, are controlled for.  Keywords: Oil price; Exchange rate; Cointegration JEL Classifications: C32; F31; Q43

Downloads

Download data is not yet available.

Downloads

Published

2013-08-02

How to Cite

Zhang, Y. (2013). The Links between the Price of Oil and the Value of US Dollar. International Journal of Energy Economics and Policy, 3(4), 341–351. Retrieved from https://econjournals.com/index.php/ijeep/article/view/546

Issue

Vol. 3 No. 4 (2013)

Section

Articles

License

Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication.