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Oil Market Shocks and Financial Instability in Asian Countries

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  • Fakhri Hasanov
  • Leila Dagher

    (King Abdullah Petroleum Studies and Research Center)

Abstract

There is no commodity whose interlinkages with the macroeconomy have been studied as extensively as oil, starting with Hamilton’s (1983) seminal study. Thousands of subsequent studies have examined the relationship between oil prices and various economic variables, including the stock market. This strand of the literature began with the pioneering work of Kling (1985). Since then, other financial markets, such as banking, have also received a fair share of analysis.

Suggested Citation

  • Fakhri Hasanov & Leila Dagher, 2021. "Oil Market Shocks and Financial Instability in Asian Countries," Discussion Papers ks--2021-dp018, King Abdullah Petroleum Studies and Research Center.
    • Handle: RePEc:prc:dpaper:ks--2021-dp018
    DOI: 10.30573/KS--2021-DP018
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    More about this item

    Keywords

    Agent Based Modeling; Oil Market; Macroeconomics;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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