The Impact of Nondollar-Denominated Oil Pricing
AbstractOPEC has discussed replacing the dollar as the currency in which oil is priced. The impact of such a change on U.S. energy costs is explored using a simulation to reconstruct oil costs for the period 1986-90. Variability of oil prices would have been higher as would have the U.S. trade deficit and overall domestic oil expenditures.
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Bibliographic InfoArticle provided by Eastern Economic Association in its journal Eastern Economic Journal.
Volume (Year): 18 (1992)
Issue (Month): 2 (Spring)
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More information through EDIRC
Energy; OPEC; Oil Price; Oil;
Find related papers by JEL classification:
- Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
- F31 - International Economics - - International Finance - - - Foreign Exchange
- Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)
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