THE LINKS BETWEEN THE PRICE OF OIL AND THE VALUE OF US DOLLAR
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...
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| Format: | Article |
| Language: | English |
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EconJournals
2013-10-01
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| Series: | International Journal of Energy Economics and Policy |
| Online Access: | http://econjournals.com/index.php/ijeep/article/view/546/307 |