Exchange Rates and Oil Prices

WP95-8

37 Pages Posted: 20 Dec 1995

See all articles by Robert A. Amano

Robert A. Amano

Bank of Canada & CREFE

Simon van Norden

HEC Montreal - Department of Finance; CIRANO; University of Montreal - Center for Interuniversity Research in Econometrics

Date Written: September 1995

Abstract

The authors document a robust and interesting relationship between the real domestic price of oil and real effective exchange rates for Germany, Japan and the United States. They explain why they think the real oil price captures exogenous terms-of-trade shocks and why such shocks could be the most important factor determining real exchange rates in the long run.

JEL Classification: F4, F3, E1

Suggested Citation

Amano, Robert A. and van Norden, Simon, Exchange Rates and Oil Prices (September 1995). WP95-8. Available at SSRN: https://ssrn.com/abstract=7037 or http://dx.doi.org/10.2139/ssrn.7037

Robert A. Amano

Bank of Canada & CREFE ( email )

234 Wellington Street
Ottawa, Ontario K1A 0G9
Canada
613-782-8827 (Phone)
613-782-7163 (Fax)

Simon Van Norden (Contact Author)

HEC Montreal - Department of Finance ( email )

3000 Chemin de la Cote-Sainte-Catherine
Montreal, Quebec H3T 2A7
Canada
514-340-6781 (Phone)
514-340-5632 (Fax)

HOME PAGE: http://svannorden.org

CIRANO ( email )

2020 rue University, 25th floor
Montreal H3C 3J7, Quebec
Canada

HOME PAGE: http://svannorden.org

University of Montreal - Center for Interuniversity Research in Econometrics ( email )

C.P. 6128, Succursale Centre-ville
Montreal, Quebec H3C 3J7
Canada

Register to save articles to
your library

Register

Paper statistics

Downloads
730
Abstract Views
3,299
rank
34,071
PlumX Metrics