The Resource World crude oil markets : monetary policy and the recent oil shock, prepared by Noureddine Krichene, (electronic book)

World crude oil markets : monetary policy and the recent oil shock, prepared by Noureddine Krichene, (electronic book)

Label
World crude oil markets : monetary policy and the recent oil shock
Title
World crude oil markets
Title remainder
monetary policy and the recent oil shock
Statement of responsibility
prepared by Noureddine Krichene
Creator
Contributor
Author
Subject
Language
eng
Summary
This paper examines the relationship between monetary policy and oil prices within a world oil demand and supply model. Low price and high income elasticities of demand and rigid supply explain high price volatilities and producers' market power. Exchange and interest rates do influence oil market equilibrium. The relationship between oil prices and interest rates is a two-way relationship that depends on the type of oil shock. During a supply shock, rising oil prices caused interest rates to increase; whereas during a demand shock, falling interest rates caused oil prices to rise. Record low interest rates led to high oil price volatility in 2005. Data shows that world economic growth and price stability require stable oil markets and therefore more prudent monetary policies
Member of
Cataloging source
CaPaEBR
http://library.link/vocab/creatorName
Krichene, Noureddine
Government publication
international or intergovernmental publication
Index
no index present
LC call number
HD9560.4
LC item number
.K75 2006eb
Literary form
non fiction
Nature of contents
  • standards specifications
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
International Monetary Fund
http://library.link/vocab/subjectName
  • Petroleum products
  • Foreign exchange rates
  • Interest rates
  • Monetary policy
Label
World crude oil markets : monetary policy and the recent oil shock, prepared by Noureddine Krichene, (electronic book)
Instantiates
Publication
Note
"March 2006."
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
ebr10380945
Dimensions
unknown
Extent
25 p.
Form of item
electronic
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Original version note
Original electronic resource
Reproduction note
Electronic resource.
Specific material designation
remote
Label
World crude oil markets : monetary policy and the recent oil shock, prepared by Noureddine Krichene, (electronic book)
Publication
Note
"March 2006."
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
ebr10380945
Dimensions
unknown
Extent
25 p.
Form of item
electronic
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Original version note
Original electronic resource
Reproduction note
Electronic resource.
Specific material designation
remote

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