Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/81425 
Autor:innen: 
Erscheinungsjahr: 
2009
Schriftenreihe/Nr.: 
IFN Working Paper No. 810
Verlag: 
Research Institute of Industrial Economics (IFN), Stockholm
Zusammenfassung: 
Political and legal institutions affect the extent to which the real exchange rates of oil-exporting countries co-move with the oil price. In a simple theoretical model, strong institutions insulate real exchange rates from oil price volatility by generating a smooth pattern of fiscal spending over the price cycle. Empirical tests on a panel of 33 oil-exporting countries provide evidence that countries with high bureaucratic quality and strong and impartial legal systems have real exchange rates that co-move less with the oil price.
Schlagwörter: 
Real Exchange Rate
Commodity Price
Institutions
Development
JEL: 
F31
H11
Q48
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
336.73 kB





Publikationen in EconStor sind urheberrechtlich geschützt.