Journal ArticleDOI
Oil and the US dollar
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In this paper, it is argued that the decline in the value of the US currency has been a direct result of the drastic increase in the dollar value of US oil imports and the subsequent efforts to maintain US production and employment levels.About:
This article is published in Energy Economics.The article was published on 1980-07-01. It has received 3 citations till now. The article focuses on the topics: Liberian dollar & Devaluation.read more
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Exchange rate fluctuations and stability in the oil market
Massood V. Samii,Claude Clemenz +1 more
TL;DR: In this paper, the impact of exchange rate fluctuations on the ability of OPEC to stabilize the oil market was assessed, since oil prices are denominated in US dollars, changes in the exchange rate parity influence the cost of imported oil of major European countries and Japan, which in turn influences the demand for oil and eventually demand for OPEC oil.
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Jumps in Commodity Markets
TL;DR: The authors investigated price jumps in commodity markets and found that jumps are rare and extreme events but occur less frequently than in stock markets, while jump correlations across commodities can be high depending on the commodity sectors.
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The Role of Energy in the U.S. Economy
TL;DR: In this article, the authors argue that slower economic growth will be accompanied by a reduction in the growth of real disposable income, a shift away from capital formation toward consumption, and a sharply reduced "fiscal dividend" available for disposal by the government through tax cuts or increased expenditures.