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Social and Behavioral Sciences Commons™
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Articles 1 - 2 of 2
Full-Text Articles in Social and Behavioral Sciences
Oil And Gcc Financial Markets: The Significance Of The Oil Price Collapse, Shawkat Hammoudeh
Oil And Gcc Financial Markets: The Significance Of The Oil Price Collapse, Shawkat Hammoudeh
Topics in Middle Eastern and North African Economies
No abstract provided.
The Relationship Between Oil Price And The Algerian Exchange Rate, Abderrezak Benhabib, Si Mohammed Kamel, Samir Maliki
The Relationship Between Oil Price And The Algerian Exchange Rate, Abderrezak Benhabib, Si Mohammed Kamel, Samir Maliki
Topics in Middle Eastern and North African Economies
The goal of this study is to investigate the relationship between oil price and the nominal US Dollar/Algerian Dinar exchange rate through an empirical analysis using a VAR Model (Vector Autoregressive Model) upon monthly data for the period 2003-2013. Results show that a cointegration relationship is not detected between the oil and exchange rate in Algeria. However, the estimation of a VAR model indicates that a 1% increase in oil price would tend to depreciate Algerian Dinar against US Dollar by nearly 0.35%. This negative impact emphasizes how the Algerian dinar is a non-oil currency and explains how the foreign …