The second oil price shock in 1979 led to global recession and imposed even more hardship on the prosperity of developing countries as the price for their oil imports rose and the price for their other export products fell. By 1985 Third World Debt exceeded $1 trillion dollars. The problem ...
The comparatively low-cost price advantage against the relatively high-cost non-OPEC production. In short, OPEC+ has the economic capability to disrupt or enhance the supply of oil to substantial levels at any time, severely affecting oil prices. For example, the 1973 Arab oil embargo by OPEC...
Wavelet based analysis of oil price shocks, exchange rate and stock market behaviour: Evidences from emerging marketsFOREIGN exchange ratesWAVELETS (Mathematics)BASE oilsPETROLEUM sales & pricesEMERGING marketsHEAT shock proteinsDuring the second quarter of 2020, with an impact of novel coronavirus (CO...
Lessons from 2015 demonstrated how policy sustainability is at risk in response to a negative oil price shock. Based on the current study’s findings, the responsible body, the Central Bank of Azerbaijan Republic, needs to consider the interaction between oil price changes and the money supply ...
As indicated by Sadorsky (1999), there are asymmetric effects between oil price shocks and the equity market and economic activity, meaning that there is a one-way influence path from oil price shock(s) to stock returns and the economy, but there is limited impact reported on the opposite ...
2. Oilfield services: Emerging from the shadows In the last 10 years, the oilfield services sector has lagged behind the rest of the oil and gas industry, as efficiency and productivity gains in the shale market reduced the business and margins of this sector. Simply put, the sector became ...
In this study, we analyze the time-frequency connectedness between the recent COVID-19 outbreak, crude oil price volatility shock, the economic policy uncertainty, the geopolitical risk and the stock market in the US using the continuous wavelet transform, the wavelet coherence and the wavelet-...
The oil price shock was predictable Harbingers of the current collapse of global oil prices were already visible in early 2014 on both the supply and demand side of the equation. In fact, during the past year our clients have focused increasingly on the implications of low oil prices. ...
S Ghosh,K Kanjilal - 《Macroeconomics & Finance in Emerging Market Economies》 被引量: 10发表: 2013年 The Effects of Oil Price Shock on Monetary Policy in Nigeria Oil price fluctuations are a major source of disturbance for the economies of oil producing countries like Nigeria. While several ...
However, 1973 was also the year in which the world experienced its first major oil price shock. By selecting 1973: i–1985: iv, a period in which there was no change in the exchange rate regime but another oil price shock occurred, we show that the demand for reserves experienced a ...