A stylized exchange rate pass-through model of crude oil price formation
This paper presents a stylized exchange rate pass-through model of crude oil price formation for the purpose of understanding the price reactions of OPEC Member Countries to changes in the exchange rate of the US dollar against major currencies and the prices of other Members. Our empirical results suggest that, in response to changes in the exchange rate, exporting countries tend to adjust their prices to secure a stable international purchasing power of oil revenues and to avoid suppressing market demand and losing market share. Copyright 2005 Organization of the Petroleum Exporting Countries.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 29 (2005)
Issue (Month): 3 (09)
|Contact details of provider:|| Web page: http://onlinelibrary.wiley.com/journal/10.1111/%28ISSN%291753-0237|
|Order Information:||Web: http://ordering.onlinelibrary.wiley.com/subs.asp?ref=1753-0237&doi=10.1111/%28ISSN%291753-0237|