The causal link between benchmark crude oil and the U.S. Dollar Value: in rising and falling oil markets

Aqueela Ahmed

The causal link between benchmark crude oil and the U.S. Dollar Value: in rising and falling oil markets

Aqueela Ahmed

School of Energy, Construction and Environment

Research output: Contribution to conference › Paper › peer-review

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Abstract

This paper researches the link between benchmark crude oil prices and the U.S. dollar exchange rate, in rising, stable and falling oil markets. The methods used to explore the relationship in various markets were cointegration testing and Granger causality tests. The method allows the author to analyse the link in the short run and long run. The results found that in the long run a relationship does exist between oil prices and U.S. dollar exchange rate in stable markets. In rising and falling markets there is no long run relationship. The study did find evidence of a short relationship in rising, stable and falling oil markets

Original language	English
Publication status	Published - 2015
Event	5th ELAEE/IAEE Latin American Conference: Energy Outlook in Latin America and the Caribbean: Challenges, Constraints and Opportunities - Medellin, Colombia Duration: 16 Mar 2015 → 18 Mar 2015

Conference

Conference	5th ELAEE/IAEE Latin American Conference
Country/Territory	Colombia
City	Medellin
Period	16/03/15 → 18/03/15

Bibliographical note

The paper was given at the 5th ELAEE/IAEE Latin American Conference - Energy Outlook in Latin America and the Caribbean: Challenges, Constraints and Opportunities, Medellin, Colombia 2015

Keywords

oil price
U.S. dollar
Granger causality
cointegration

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Cite this

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abstract = "This paper researches the link between benchmark crude oil prices and the U.S. dollar exchange rate, in rising, stable and falling oil markets. The methods used to explore the relationship in various markets were cointegration testing and Granger causality tests. The method allows the author to analyse the link in the short run and long run. The results found that in the long run a relationship does exist between oil prices and U.S. dollar exchange rate in stable markets. In rising and falling markets there is no long run relationship. The study did find evidence of a short relationship in rising, stable and falling oil markets",

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N2 - This paper researches the link between benchmark crude oil prices and the U.S. dollar exchange rate, in rising, stable and falling oil markets. The methods used to explore the relationship in various markets were cointegration testing and Granger causality tests. The method allows the author to analyse the link in the short run and long run. The results found that in the long run a relationship does exist between oil prices and U.S. dollar exchange rate in stable markets. In rising and falling markets there is no long run relationship. The study did find evidence of a short relationship in rising, stable and falling oil markets

AB - This paper researches the link between benchmark crude oil prices and the U.S. dollar exchange rate, in rising, stable and falling oil markets. The methods used to explore the relationship in various markets were cointegration testing and Granger causality tests. The method allows the author to analyse the link in the short run and long run. The results found that in the long run a relationship does exist between oil prices and U.S. dollar exchange rate in stable markets. In rising and falling markets there is no long run relationship. The study did find evidence of a short relationship in rising, stable and falling oil markets

KW - oil price

KW - U.S. dollar

KW - Granger causality

KW - cointegration

M3 - Paper

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Y2 - 16 March 2015 through 18 March 2015

ER -

The causal link between benchmark crude oil and the U.S. Dollar Value: in rising and falling oil markets

Abstract

Conference

Bibliographical note

Keywords

Access to Document

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Cite this