Please use this identifier to cite or link to this item:
Full metadata record
DC FieldValueLanguage
dc.contributor.authorThalassinos, Eleftherios-
dc.contributor.authorPolitis, Evangelos D.-
dc.identifier.citationThalassinos, E., & Politis, E. (2012). The evaluation of the USD currency and the oil prices : a Var analysis. European Research Studies Journal, 15(2), 137-146.en_GB
dc.description.abstractDollar devaluation creates a huge problem in the world oil industry, leading to a vast decrease in the revenues of the oil producers, though the local oil producers use the local currencies to operate and the oil price is evaluated in dollars. The depreciation of the US dollar reduces the effect of the high prices in oil, making it rather cheap for all the countries and especially for the Eurozone area. The record high exchange rate of the Euro vis-à-vis dollar followed by a subsequent high of the crude oil price, suggests on a relation between the price of the oil and the evaluation of the US dollar. The main aim of this research is to construct an restricted Vector Autoregressive estimation model to simulate the relation between the exchange rate of the U.S. dollar and Euro against the West Texas Intermediate (WTI) prices for light crude oil, in connection with the impulse response of the prices to the various shocks. Lastly, a co integration test will illuminate the possibility of simultaneous long term integration along with Granger causality test to estimate the direction of causality in variables.en_GB
dc.publisherUniversity of Piraeus. International Strategic Management Associationen_GB
dc.subjectPetroleum industry and trade -- Economic aspectsen_GB
dc.subjectDevaluation of currency -- United Statesen_GB
dc.subjectDollar, Americanen_GB
dc.subjectEuro-dollar marketen_GB
dc.titleThe evaluation of the USD currency and the oil prices : a Var analysisen_GB
dc.rights.holderThe copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder.en_GB
dc.publication.titleEuropean Research Studies Journalen_GB
Appears in Collections:European Research Studies Journal, Volume 15, Issue 2

Files in This Item:
File Description SizeFormat 
ERSJ,_15(2)_-_A9.pdf465.25 kBAdobe PDFView/Open

Items in OAR@UM are protected by copyright, with all rights reserved, unless otherwise indicated.