文章基本信息

标题：The Nexus Between Oil Price Shock and the Exchange Rate in Bangladesh
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作者：Sakib Bin Amin ; Noshin Nawal Audry ; Ahmed Farah Ulfat 等
期刊名称：International Journal of Energy Economics and Policy
电子版ISSN：2146-4553
出版年度：2021
卷号：11
期号：2
页码：427-435
DOI：10.32479/ijeep.10658
出版社：EconJournals
其他摘要：We examine the nexus between oil price and exchange rate for Bangladesh economy by using annual data covering from 1980 to 2018. Given the stationarity properties, the Johansen cointegration and the ARDL bounds cointegration tests find a long-run cointegrating relationship between the variables. We find that oil price granger causes exchange rate in the long-run but not in the short-run. According to DOLS and DARDL model, an increase in oil price appreciates exchange rate by 0.40% and 0.30%. We argue that the central bank's proper monitoring mechanism is necessary to avoid oil price's adverse effects on the exchange rate.
其他关键词：Oil Price Shock; Real Exchange Rate (RER); Cointegration; Causality; DOLS; DARDL; Bangladesh.