Book Description
This report analyzes the relationship between the dollar and the price of oil and how the two might interact. This report provides an assessment of the impact a range of prices of imported oil could have on the U.S. trade deficit.
Author : James K. Jackson
Publisher : DIANE Publishing
Page : 23 pages
File Size : 48,46 MB
Release : 2008
Category :
ISBN : 1437931464
This report analyzes the relationship between the dollar and the price of oil and how the two might interact. This report provides an assessment of the impact a range of prices of imported oil could have on the U.S. trade deficit.
Author :
Publisher :
Page : 0 pages
File Size : 31,30 MB
Release : 2008
Category :
ISBN :
Despite common perceptions that there is a direct cause and effect relationship between changes in the international exchange value of the dollar and the price of oil, an analysis of recent data indicates that changes in the price of oil are driven by changes in the demand for oil that is different from the supply of oil, rather than changes in the value of the dollar. [...] While the data do not support a strong cause and effect relationship between the value of the dollar and the price of oil, there likely are various channels through which changes in the price of oil and in the value of the dollar may be indirectly correlated. [...] The data also indicate that an increase in the demand for crude oil that exceeded the increase in the supply of oil and a laggardly pace in oil production capacity likely are among the main factors behind the sharp run up in the price of oil that occurred over the first seven months of 2008. [...] In addition, changes in the international exchange value of the dollar likely reflect a number of factors, including changes in the demand for and supply of capital within the U. S. economy, the relative rate of return on interest-sensitive assets, and expectations about the performance of the U. S. economy. [...] The interaction between the price of oil and the value of the dollar is complicated further by the way changes in the price of oil can affect the economic performance of other nations and, therefore, have an impact on their respective currencies.9 According to Global Insight,10 a number of factors worked to put upward pressure on oil prices in 2007 and during the first half of 2008.
Author : George D. Hoeffner
Publisher : Nova Science Pub Incorporated
Page : 159 pages
File Size : 43,50 MB
Release : 2010
Category : Business & Economics
ISBN : 9781617286865
Rapid changes in the price of oil and the impact of such price changes on economies around the globe have attracted considerable attention. In mid-2008 as the price of oil rose to unprecedented heights and then dropped sharply, the international exchange value of the dollar fell and then rose relative to a broad basket of currencies. For some, these two events seem to indicate a cause and effect relationship between changes in the price of oil and changes in the value of the dollar. This book analyses the relationship between the dollar and the price of oil and how the two might interact and provides an assessment of the impact a range of prices of imported oil could have on the U.S. trade deficit.
Author : Congressional Research Service: The Libr
Publisher : BiblioGov
Page : 28 pages
File Size : 25,68 MB
Release : 2013-11
Category :
ISBN : 9781295246229
Rapid changes in the price of oil and the impact of such price changes on economies around the globe has attracted considerable attention. In mid-2008 as the price of oil rose to unprecedented heights and then dropped sharply, the international exchange value of the dollar fell and then rose relative to a broad basket of currencies. For some, these two events seem to indicate a cause and effect relationship between changes in the price of oil and changes in the value of the dollar. Despite common perceptions that there is a direct cause and effect relationship between changes in the international exchange value of the dollar and the price of oil, an analysis of recent data indicate that the rise in the price of oil is being driven by an increase in demand that is exceeding the increase in supply. This report analyzes the relationship between the dollar and the price of oil and how the two might interact. While the data do not support a strong cause and effect relationship between the value of the dollar and the price of oil, there likely are various channels through which changes in the price of oil and in the value of ...
Author : United States. Congress. House. Committee on Financial Services
Publisher :
Page : 94 pages
File Size : 19,53 MB
Release : 2008
Category : Currency crises
ISBN :
Author : David Gisselquist
Publisher : Greenwood
Page : 168 pages
File Size : 38,90 MB
Release : 1979
Category : Business & Economics
ISBN :
Author : United States. Congress. Joint Economic Committee. Subcommittee on International Economics
Publisher :
Page : 108 pages
File Size : 23,57 MB
Release : 1978
Category : Balance of trade
ISBN :
Author : Mr.Gian Milesi-Ferretti
Publisher : International Monetary Fund
Page : 31 pages
File Size : 10,32 MB
Release : 2008-11-01
Category : Business & Economics
ISBN : 145187118X
The real effective exchange rate of the dollar is close to its minimum level for the past 4decades (as of September 2008). At the same time, however, the U.S. trade and currentaccount deficits remain large and, absent a significant correction in coming years, wouldcontribute to a further accumulation of U.S. external liabilities. The paper discusses thetension between these two aspects of the dollar assessment, and what factors can helpreconcile them. It focuses in particular on the terms of trade, adjustment lags, andmeasurement issues related to both the real effective exchange rate and the current accountbalance.
Author : United States. General Accounting Office
Publisher :
Page : 60 pages
File Size : 33,28 MB
Release : 1987
Category : Balance of trade
ISBN :
Author : James K. Jackson
Publisher :
Page : pages
File Size : 31,86 MB
Release : 2016
Category :
ISBN :
This report provides an estimate of the initial impact of the changing oil prices on the nation's merchandise trade balance.