Oil Price Fluctuations and FOREX Market: Evidence from OPEC Countries

Authors

  • Jaspreet Kaur Asst. Professor, Prestige Institute of Management, Gwalior, Madhya Pradesh, India
  • Dr. Navita Nathani Head, Management, Prestige Institute of Management, Gwalior.
  • Manpreet Kaur Asst.Professor, Maharishi College, Bhopal,

DOI:

https://doi.org/10.17722/ijrbt.v3i3.165

Keywords:

Oil Prices, Exchange Rates, OPEC nations

Abstract

The paper aimed to examine the causes of fluctuations in oil prices that may be due to fluctuating foreign exchange rates and also to investigate the same relationship existence between the two variables. The present study has been conducted in OPEC nations as these are the nations which play an important role in determining oil prices, though oil prices have been taken from NYMEX WPI from period 1997-2011. The results were examined and analyzed by using Toda and Yamamoto causality approach (1995) and mixed results were found.

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Published

2013-12-31

Issue

Vol. 3 No. 3 (2013): International Journal of Research in Business and Technology

Section

Articles