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

Aqueela Ahmed

Research output: Contribution to conferencePaper

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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 languageEnglish
Publication statusPublished - 2015
Event5th ELAEE/IAEE Latin American Conference: Energy Outlook in Latin America and the Caribbean: Challenges, Constraints and Opportunities - Medellin, Colombia
Duration: 16 Mar 201518 Mar 2015

Conference

Conference5th ELAEE/IAEE Latin American Conference
CountryColombia
CityMedellin
Period16/03/1518/03/15

Fingerprint

Exchange rates
Crude oil
Benchmark
Oil markets
Oil prices
Crude oil price
Granger causality test
Short-run

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

Cite this

Ahmed, A. (2015). The causal link between benchmark crude oil and the U.S. Dollar Value: in rising and falling oil markets. Paper presented at 5th ELAEE/IAEE Latin American Conference, Medellin, Colombia.

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

2015. Paper presented at 5th ELAEE/IAEE Latin American Conference, Medellin, Colombia.

Research output: Contribution to conferencePaper

Ahmed, A 2015, 'The causal link between benchmark crude oil and the U.S. Dollar Value: in rising and falling oil markets' Paper presented at 5th ELAEE/IAEE Latin American Conference, Medellin, Colombia, 16/03/15 - 18/03/15, .
Ahmed A. The causal link between benchmark crude oil and the U.S. Dollar Value: in rising and falling oil markets. 2015. Paper presented at 5th ELAEE/IAEE Latin American Conference, Medellin, Colombia.
Ahmed, Aqueela. / The causal link between benchmark crude oil and the U.S. Dollar Value: in rising and falling oil markets. Paper presented at 5th ELAEE/IAEE Latin American Conference, Medellin, Colombia.
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