IDEAS home Printed from https://ideas.repec.org/a/taf/applec/v57y2025i31p4523-4536.html
   My bibliography  Save this article

Do demand and supply shocks in the global crude oil market exhibit asymmetric effects on exchange rates in 13 Asian economies?

Author

Listed:
  • Jungho Baek

Abstract

This article investigates whether there are asymmetric effects of oil supply, aggregate demand, and oil-specific demand shocks on exchange rates in 13 Asian economies. We also take into consideration the impact of uncertainty in world trade policy. We provide compelling evidence that supports the presence of long-term asymmetry in at least one of the oil supply and oil demand shocks for the currencies of selected Asian economies. However, we do not find any evidence of short-term asymmetry effects for any of the three oil shocks. Hence, the observed asymmetries in oil supply and demand shocks are considered a phenomenon that occurs over the long term for Asian currencies. Lastly, our findings emphasize the significant role of uncertainty in world trade policy in explaining both long-term and short-term fluctuations in Asian currencies.

Suggested Citation

  • Jungho Baek, 2025. "Do demand and supply shocks in the global crude oil market exhibit asymmetric effects on exchange rates in 13 Asian economies?," Applied Economics, Taylor & Francis Journals, vol. 57(31), pages 4523-4536, July.
    • Handle: RePEc:taf:applec:v:57:y:2025:i:31:p:4523-4536
    DOI: 10.1080/00036846.2024.2364078
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/00036846.2024.2364078
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/00036846.2024.2364078?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:applec:v:57:y:2025:i:31:p:4523-4536. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAEC20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.