UGC Approved Journal no 63975

ISSN: 2349-5162 | ESTD Year : 2014
Call for Paper
Volume 9 | Issue 1 | January 2022

JETIREXPLORE- Search Thousands of research papers



WhatsApp Contact
Click Here

Published in:

Volume 6 Issue 6
June-2019
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

7.95 impact factor calculated by Google scholar

Unique Identifier

Published Paper ID:
JETIRCK06013


Registration ID:
204619

Page Number

105-117

Share This Article


Jetir RMS

Title

Crude Oil and Foreign Exchange: An Empirical Study of their Relationship of BRICS Nations

Abstract

Crude oil is the most essential commodity used by different economy to bring their country in force. This examination intends to research whether the Crude oil prices promotes Foreign exchange rates against USD among the BRICS nations. There can be the utilizations of monthly crude oil prices which can have direct or indirect influence on the monthly foreign exchange rate because the pricing of crude oil is made in American dollar. This provides us with rich information to the experimental examination. The results in general shows that, in oil exporting countries, when the oil prices increase then the rate for foreign exchange appreciates. In oil import countries, when the oil prices increase then the rate for foreign exchange depreciates except that in the case of China. The research also analysis one SD shock on Crude oil to foreign exchange rate has no impact on the long run but has a positive or negative impact in short run. The study is using Unit root test, Regression, Granger Causality, and Impulse Response to analyze the impact of Crude oil on Foreign exchange for all the 5 nations (Brazil, Russia, China, India, South Africa) against USD. The monthly period of the study has been taken from 1/12/2003- 1/05/2018.

Key Words

Crude Oil, Unit root test, Regression, Granger Causality, Impulse Response

Cite This Article

"Crude Oil and Foreign Exchange: An Empirical Study of their Relationship of BRICS Nations", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.105-117, June-2019, Available :http://www.jetir.org/papers/JETIRCK06013.pdf

ISSN


2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"Crude Oil and Foreign Exchange: An Empirical Study of their Relationship of BRICS Nations", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp105-117, June-2019, Available at : http://www.jetir.org/papers/JETIRCK06013.pdf

Publication Details

Published Paper ID: JETIRCK06013
Registration ID: 204619
Published In: Volume 6 | Issue 6 | Year June-2019
DOI (Digital Object Identifier):
Page No: 105-117
Country: -, -, - .
Area: Engineering
ISSN Number: 2349-5162


Preview This Article


Downlaod

Click here for Article Preview

Download PDF

Downloads

0002681

Print This Page

Current Call For Paper

Jetir RMS