The price of crude oil as a factor for USD volatility.

Автор(и)

  • A. Zahariev D. A. Tsenov Academy of Economics, Svishtov
  • D. Kostov D. A. Tsenov Academy of Economics, Svishtov

Ключові слова:

currency markets, USD, crude oil price volatility

Анотація

The area of research in the paper is the USD as the leading currency on the foreign exchange market, while the research problem – the crude oil price volatility as a factor with an effect on the USD exchange rate. The analysis focuses on the proposition that there exists a correlation between the price volatility of the petrol, as a strategic energy commodity and the USD as a global leading reserve currency. The purpose of this article is to present a contemporary perspective to the assessment of the price volatility of crude oil, as a leading external to the US economy factor that influences the USD exchange rate as a global reserve currency with a dominant role in the volume of transactions on world currency markets. The expected results are focused on the establishment of the level of correlation or/and cointegration between the volatility of crude oil prices and the USD volatility compared to a “basket” of currencies.

Біографії авторів

A. Zahariev, D. A. Tsenov Academy of Economics, Svishtov

prof., PhD, Department of Finance and Credit

D. Kostov, D. A. Tsenov Academy of Economics, Svishtov

assist. Prof. PhD, Department of Finance and Credit

Посилання

.Aloui, R., M. Aissa, D. Nguen. Conditional dependence structure between crude oil prices and exchange rates: A copula-GARCH approach. // Journal of International Money and Finance, 2013.

Beckman, J., T. Berger, R. Czudaj. Crude oil price and FX-Rates Dependency. // Quantitative Finance, 2016, N 3.

Beckman, J., R. Czudaj. Crude oil prices and effective dollar exchange rates. // International review of Economics and Finance, 2013.

Lizardo, R., A. Mollick. Crude oil price fluctuations and U.S. Dollar exchange rates. // Energy Economics, 2010.

Moffet, M., Stonehill, A. and Aiteman, D. Fundamentals of Multinational Finance. Pearson, 2006.

Patev, Pl. International Financial Management. V. Tarnovo, ABAGAR, 2012.

Pavlov, Ts. Application of Behavioral Finance in Modeling Bulgarian Equity Risk Premium. // Business Management, 2015, vol. 2, AI Tsenov, 2015, pp. 89-120

Prodanov, St. and Pavlov, Ts. Comparative Analysis of the Leading ConsumptionBased Asset Pricing Models. // Narodnostopanski arhiv, 2016, volume 1, pp. 20-46.

Zahariev, A. Ther Gold Reserves and National Deficits. // Narodnostopanski arhiv, 2012, volume 1, pp. 26-40.

Zahariev, A. Debt Management. V. Tarnovo, ABAGAR, 2012.

Zahariev, A. The global FOREX market and the reserve currencies – macrofinancial aspects. // Almanach “Scientific Research”, Svishtov, 2015, pp. 119 – 146 12. Institutional Data Sources via Internet

##submission.downloads##

Номер

Розділ

Статті