Exchange Rates and Oil Prices

Robert Amano and Simon van Norden ()

International Finance from EconWPA

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-codes: F3 F4 (search for similar items in EconPapers)
Date: 1995-09-22
Note: 28 printed pages, compressed PostScript file. Other recent Bank of Canada working papers are listed on the last page of this report.
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Related works:
Journal Article: Exchange Rates and Oil Prices (1998)
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpif:9509001

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