Detailed Information on Publication Record
2020
RELATIONSHIP BETWEEN THE BRENT OIL PRICE AND THE US DOLLAR EXCHANGE RATE
KRKOŠKOVÁ, RadmilaBasic information
Original name
RELATIONSHIP BETWEEN THE BRENT OIL PRICE AND THE US DOLLAR EXCHANGE RATE
Authors
KRKOŠKOVÁ, Radmila (203 Czech Republic, guarantor, belonging to the institution)
Edition
Prague Economic Papers, 2020, 1210-0455
Other information
Language
English
Type of outcome
Článek v odborném periodiku
Field of Study
50202 Applied Economics, Econometrics
Country of publisher
Czech Republic
Confidentiality degree
není předmětem státního či obchodního tajemství
References:
RIV identification code
RIV/47813059:19520/20:A0000126
Organization unit
School of Business Administration in Karvina
UT WoS
000527253200003
Keywords in English
ADF test;Brent;Granger causality; Johansen test; US dollar; VECM
Změněno: 25/10/2020 07:20, Mgr. Radmila Krkošková, Ph.D.
Abstract
V originále
This article deals with an analysis of the relationship between the Brent oil price and the US dollar price. This paper analyses the development of the intensity and direction of dependence between the nominal effective exchange rate of the US dollar and the price of Brent oil and other commodities, such as industrial metals, agricultural commodities, gold (including jewellery and platinum) in the period from January 1994 to April 2018. The next section tests the hypothesis that there is a short-term relationship between the effective US dollar exchange rate and the oil price. The last part of the article deals with the question whether there is a long-term relationship between these variables: Brent oil price, effective exchange rate of the US dollar, industrial production index in OECD countries, three-month treasury bill, US ending stocks of crude oil, US percent utilization of refinery operable capacity and the price of ethanol.