Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Implications Of A Weaker Dollar For Oil Prices And The Us Economy
Download Implications Of A Weaker Dollar For Oil Prices And The Us Economy full books in PDF, epub, and Kindle. Read online Implications Of A Weaker Dollar For Oil Prices And The Us Economy ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Author :United States. Congress Publisher :Createspace Independent Publishing Platform ISBN 13 :9781983931307 Total Pages :90 pages Book Rating :4.9/5 (313 download)
Book Synopsis Implications of a Weaker Dollar for Oil Prices and the U. S. Economy by : United States. Congress
Download or read book Implications of a Weaker Dollar for Oil Prices and the U. S. Economy written by United States. Congress and published by Createspace Independent Publishing Platform. This book was released on 2018-01-17 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: Implications of a weaker dollar for oil prices and the U.S. economy : hearing before the Committee on Financial Services, U.S. House of Representatives, One Hundred Tenth Congress, second session, July 24, 2008.
Book Synopsis Implications of a Weaker Dollar for Oil Prices and the U.S. Economy by : United States. Congress. House. Committee on Financial Services
Download or read book Implications of a Weaker Dollar for Oil Prices and the U.S. Economy written by United States. Congress. House. Committee on Financial Services and published by . This book was released on 2008 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Implications of a Weaker Dollar for Oil Prices and the U.S. Economy :. by : United States. Congress. House. Committee on Financial Services
Download or read book Implications of a Weaker Dollar for Oil Prices and the U.S. Economy :. written by United States. Congress. House. Committee on Financial Services and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis U.S. Trade Deficit, the Dollar, and the Price of Oil by : James K. Jackson
Download or read book U.S. Trade Deficit, the Dollar, and the Price of Oil written by James K. Jackson and published by DIANE Publishing. This book was released on 2008 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report analyzes the relationship between the dollar and the price of oil and how the two might interact. This report provides an assessment of the impact a range of prices of imported oil could have on the U.S. trade deficit.
Book Synopsis The Dollar's Decline by : Roberto Miguel Rodriguez
Download or read book The Dollar's Decline written by Roberto Miguel Rodriguez and published by . This book was released on 2023-09-28 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The Dollar's Decline" delves into the intricate relationship between the U.S. dollar, global oil transactions, and the broader health of the American economy. For decades, the dollar's status as the world's reserve currency, especially in oil trade, has been a cornerstone of its global economic influence. This comprehensive exploration examines the ramifications of a shift away from the dollar in oil transactions and what it portends for the future of U.S. economic dominance. Key aspects of the book include: Historical Context: An overview of the establishment of the U.S. dollar as the de facto currency for global oil transactions and the resulting 'petrodollar' system. Economic Pillars: Unpacking the benefits accrued by the U.S. due to the dollar's dominant position in oil trade, from lower borrowing costs to heightened geopolitical leverage. Emerging Trends: Analyzing the motivations and mechanisms through which countries are exploring alternatives to the dollar for oil trade, from bilateral agreements to the rise of other reserve currencies. Impacts on the U.S. Economy: Investigating the potential economic consequences of a diminished role for the dollar, including effects on interest rates, trade balances, and foreign investment. Global Ripple Effects: Exploring how changes in oil transaction dynamics could reverberate through global financial systems, trade alliances, and geopolitical strategies. Future Forecasting: Speculation on the potential future of the U.S. dollar, considering technological innovations, emerging economic powers, and shifts in global economic governance. Adaptive Strategies: Proposing potential policy adjustments, economic reforms, and strategic alliances the U.S. could pursue to mitigate risks and capitalize on new opportunities. "The Dollar's Decline" serves as a timely primer for understanding the evolving landscape of global economic power dynamics. Through rigorous analysis, expert insights, and a forward-looking perspective, the book provides readers with a nuanced understanding of the potential challenges and transformations on the horizon for the U.S. economy in a rapidly changing global financial ecosystem.
Book Synopsis International Dimensions of Monetary Policy by : Jordi Galí
Download or read book International Dimensions of Monetary Policy written by Jordi Galí and published by University of Chicago Press. This book was released on 2010-03-15 with total page 663 pages. Available in PDF, EPUB and Kindle. Book excerpt: United States monetary policy has traditionally been modeled under the assumption that the domestic economy is immune to international factors and exogenous shocks. Such an assumption is increasingly unrealistic in the age of integrated capital markets, tightened links between national economies, and reduced trading costs. International Dimensions of Monetary Policy brings together fresh research to address the repercussions of the continuing evolution toward globalization for the conduct of monetary policy. In this comprehensive book, the authors examine the real and potential effects of increased openness and exposure to international economic dynamics from a variety of perspectives. Their findings reveal that central banks continue to influence decisively domestic economic outcomes—even inflation—suggesting that international factors may have a limited role in national performance. International Dimensions of Monetary Policy will lead the way in analyzing monetary policy measures in complex economies.
Book Synopsis The Weaker Dollar and Its Effect on the U.S. Economy by : Gail E. Makinen
Download or read book The Weaker Dollar and Its Effect on the U.S. Economy written by Gail E. Makinen and published by . This book was released on 1995 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The U.S. Trade Deficit, The Dollar, and The Price of Oil by :
Download or read book The U.S. Trade Deficit, The Dollar, and The Price of Oil written by and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite common perceptions that there is a direct cause and effect relationship between changes in the international exchange value of the dollar and the price of oil, an analysis of recent data indicates that changes in the price of oil are driven by changes in the demand for oil that is different from the supply of oil, rather than changes in the value of the dollar. [...] While the data do not support a strong cause and effect relationship between the value of the dollar and the price of oil, there likely are various channels through which changes in the price of oil and in the value of the dollar may be indirectly correlated. [...] The data also indicate that an increase in the demand for crude oil that exceeded the increase in the supply of oil and a laggardly pace in oil production capacity likely are among the main factors behind the sharp run up in the price of oil that occurred over the first seven months of 2008. [...] In addition, changes in the international exchange value of the dollar likely reflect a number of factors, including changes in the demand for and supply of capital within the U. S. economy, the relative rate of return on interest-sensitive assets, and expectations about the performance of the U. S. economy. [...] The interaction between the price of oil and the value of the dollar is complicated further by the way changes in the price of oil can affect the economic performance of other nations and, therefore, have an impact on their respective currencies.9 According to Global Insight,10 a number of factors worked to put upward pressure on oil prices in 2007 and during the first half of 2008.
Book Synopsis The Distributional Implications of the Impact of Fuel Price Increases on Inflation by : Mr. Kangni R Kpodar
Download or read book The Distributional Implications of the Impact of Fuel Price Increases on Inflation written by Mr. Kangni R Kpodar and published by International Monetary Fund. This book was released on 2021-11-12 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.
Book Synopsis Relationship Between the Dollar, Price of Oil and the U.S. Trade Deficit by : George D. Hoeffner
Download or read book Relationship Between the Dollar, Price of Oil and the U.S. Trade Deficit written by George D. Hoeffner and published by Nova Science Pub Incorporated. This book was released on 2010 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rapid changes in the price of oil and the impact of such price changes on economies around the globe have attracted considerable attention. In mid-2008 as the price of oil rose to unprecedented heights and then dropped sharply, the international exchange value of the dollar fell and then rose relative to a broad basket of currencies. For some, these two events seem to indicate a cause and effect relationship between changes in the price of oil and changes in the value of the dollar. This book analyses the relationship between the dollar and the price of oil and how the two might interact and provides an assessment of the impact a range of prices of imported oil could have on the U.S. trade deficit.
Book Synopsis Oil Prices and the Global Economy by : Mr.Rabah Arezki
Download or read book Oil Prices and the Global Economy written by Mr.Rabah Arezki and published by International Monetary Fund. This book was released on 2017-01-27 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a simple macroeconomic model of the oil market. The model incorporates features of oil supply such as depletion, endogenous oil exploration and extraction, as well as features of oil demand such as the secular increase in demand from emerging-market economies, usage efficiency, and endogenous demand responses. The model provides, inter alia, a useful analytical framework to explore the effects of: a change in world GDP growth; a change in the efficiency of oil usage; and a change in the supply of oil. Notwithstanding that shale oil production today is more responsive to prices than conventional oil, our analysis suggests that an era of prolonged low oil prices is likely to be followed by a period where oil prices overshoot their long-term upward trend.
Book Synopsis Long Run Impacts of the Weak Dollar on the World Economy, and Policy Implications for the United States by : Wai Shan Lin
Download or read book Long Run Impacts of the Weak Dollar on the World Economy, and Policy Implications for the United States written by Wai Shan Lin and published by . This book was released on 2005 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Weak Dollar, Strong Dollar written by and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: After a long and large appreciation, in early 2002 the dollar peaked and has since then steadily weakened in value relative to other major currencies. A weaker dollar will be good news for exporters and those who compete with imports, while consumers of imports will be correspondingly unhappy. Yet it is important to recognize that a falling dollar is symptomatic of the ebb and flow of international capital in and out of the American economy. Those flows will have important implications for domestic interest rates and activities sensitive to credit conditions, such as housing and business investment. The exchange rates movement will be strongly influenced by the effect of changes in interest rates on the flow of financial capital between countries. One also needs to consider how the expected movement of future exchange rates influences investors now. Inflation, safe-haven and speculative effects, and the size of the trade balance can also be important. The central role of relative interest rates in generating international capital flows and exchange rate movements makes it important to understand the forces that move interest rates. This points us toward an understanding of the demand for and supply of loanable funds. The economy's pattern of saving and investment will exert a strong force on interest rates. For the United States, a structural tendency for domestic savings to fall short of domestic investment leads to significantly higher interest rates when economic activity picks up speed. Government policy can also affect interest rates and the exchange rate. Large government budget deficits will tend to push up interest rates and the exchange rate. Budget surpluses have the opposite effect. Tight monetary policy tends to raise interest rates and the exchange rate. A stimulative monetary policy has the opposite effect. Recent U.S. economic history has demonstrated the great importance of these fundamental factors in determining the exchange rates path. As we contemplate the significance of a weakening dollar, it is important to consider the effect of the outflow of foreign capital that causes that weakening on domestic investment and overall economic welfare. In the 1980s, macroeconomic policy had a substantial effect on the level of interest rates and the path of the dollar. Tight monetary policy and large budget deficits pushed interest rates and the dollar upward through 1985 and a reversal of those policies pushed interest rates and the dollar down over the last half of the decade. In the 1990s, a steady rise of the dollar from mid-decade on was primarily the consequence of an investment boom in the United States that kept rates of return high and attracted large inflows of foreign capital. In both of these periods upward pressure on the dollar was intensified by a persistently low U.S. saving rate and relatively weak economic performance abroad. The depreciation of the dollar since 2002 is likely the consequence of slower U.S. growth and a move toward a more diversified portfolio by foreign investors. The dollar's near-term path is probably downward, but important forces seem poised to put significant upward pressure on the dollar. This report will be updated as events warrant.
Book Synopsis Global Implications of Lower Oil Prices by : Mr.Aasim M. Husain
Download or read book Global Implications of Lower Oil Prices written by Mr.Aasim M. Husain and published by International Monetary Fund. This book was released on 2015-07-14 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: The sharp drop in oil prices is one of the most important global economic developments over the past year. The SDN finds that (i) supply factors have played a somewhat larger role than demand factors in driving the oil price drop, (ii) a substantial part of the price decline is expected to persist into the medium term, although there is large uncertainty, (iii) lower oil prices will support global growth, (iv) the sharp oil price drop could still trigger financial strains, and (v) policy responses should depend on the terms-of-trade impact, fiscal and external vulnerabilities, and domestic cyclical position.
Book Synopsis The Dollar Trap by : Eswar S. Prasad
Download or read book The Dollar Trap written by Eswar S. Prasad and published by Princeton University Press. This book was released on 2015-08-25 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why the dollar is—and will remain—the dominant global currency The U.S. dollar's dominance seems under threat. The near collapse of the U.S. financial system in 2008–2009, political paralysis that has blocked effective policymaking, and emerging competitors such as the Chinese renminbi have heightened speculation about the dollar’s looming displacement as the main reserve currency. Yet, as The Dollar Trap powerfully argues, the financial crisis, a dysfunctional international monetary system, and U.S. policies have paradoxically strengthened the dollar’s importance. Eswar Prasad examines how the dollar came to have a central role in the world economy and demonstrates that it will remain the cornerstone of global finance for the foreseeable future. Marshaling a range of arguments and data, and drawing on the latest research, Prasad shows why it will be difficult to dislodge the dollar-centric system. With vast amounts of foreign financial capital locked up in dollar assets, including U.S. government securities, other countries now have a strong incentive to prevent a dollar crash. Prasad takes the reader through key contemporary issues in international finance—including the growing economic influence of emerging markets, the currency wars, the complexities of the China-U.S. relationship, and the role of institutions like the International Monetary Fund—and offers new ideas for fixing the flawed monetary system. Readers are also given a rare look into some of the intrigue and backdoor scheming in the corridors of international finance. The Dollar Trap offers a panoramic analysis of the fragile state of global finance and makes a compelling case that, despite all its flaws, the dollar will remain the ultimate safe-haven currency.
Book Synopsis Oil, the Economy, and the Stock Market by : Joseph H. Davis
Download or read book Oil, the Economy, and the Stock Market written by Joseph H. Davis and published by . This book was released on 2008 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: We quantify the time-varying effects of oil-price shocks on the U.S. economy, Federal Reserve policy, and global equity markets. While the first-round impact of oil-price shocks on U.S. economic growth has not changed materially over time, their formerly-negative second-round effects are notably absent over the past 25 years given oil's near-zero impact on long-term inflation expectations. Since oil-price shocks now represent a less-stagflationary policy tradeoff, we show why the Federal Reserve should lower short-term interest rates in response to an oil-price shock under certain (but not all) macro scenarios. For domestic and international stocks, simple regressions reveal the anticipated inverse relationship, with a 10% increase in oil prices associated with a statistically significant 1.5% lower total return. However, the stock market's reaction varies dramatically depending on the source of the oil-price shock, with global stocks - in particular the industrial and materials sectors - responding quite favorably to oil-price increases attributed to global-demand shocks. A key implication is that oil-price increases do not uniformly lead to lower stock returns. Interestingly, our oil-price decomposition suggests that oil's recent surge cannot be explained by supply disruptions, global demand fundamentals, or the depreciation of the U.S. dollar.
Book Synopsis Correlation Between Gold, Oil and the US Dollar Index by : Charbel N. Kiwan
Download or read book Correlation Between Gold, Oil and the US Dollar Index written by Charbel N. Kiwan and published by . This book was released on 2011 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study analyzes the correlation between gold, oil and US dollar index.The valuation of the three has been a global concern for large developed economies and small underdeveloped economies. Most of the previous studies have focused on the relationship between two of the above, hence this study shows how the weakness or strength in one will affect the other unlike previous studies. Major macroeconomic fundamentals are introduced in a model including gold, oil and exchange rate and the constant changes in these figures shows the impact magnitude on the prices at the market. The correlation between gold and oil, gold and exchange rate and oil and exchange rate is tested to determine the nature of the relationship between the three variables. In addition, the regression analysis will show the effect of price changes in each variable on the other, and how changes in macroeconomic fundamentals result in a price fluctuation of gold, oil and dollar rate. The dollar exchange rate serves as a medium through which gold prices and oil prices affect each other indirectly. Several political and economical events occur, leading to stuctural breaks in the relationship of the variables but the positive correlation remains dominant. As a result, gold serves best as a reserve currency than the US dollar since it is not directly related to the situation of the US economy, but whenever there is a shock in the market, an investor should diversify his portfolio into non-US financial assets since oil, gold and US dollar prices are affected by the US economic performance.
