Is the Value of the US Dollar Driving Oil Prices? - Etienne Jungbluth
Master's Thesis from the year 2012 in the subject Economics - Monetary theory and policy, grade: 80, University of Edinburgh, language: English, abstract: As an invoice currency the US dollar is frequently cited to cause changes in real oil prices through a demand and supply channel. The aim of this paper is to shed more light on whether the US dollar is driving oil prices. In order to do so, we incorporate the bivariate relationship in a broader demand and supply framework in which real oil prices..
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