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AuthorAladwani, Jassim
Available date2024-11-28T11:11:25Z
Publication Date2024-09-30
Publication NameStudies in Business and Economics
Identifierhttp://dx.doi.org/10.29117/sbe.2024.0153
CitationAladwani, Jassim. 2024. “Cyclinaclity Effects of Exchange Rates and Oil Prices”. Studies in Business and Economics 27 (2). https://doi.org/10.29117/sbe.2024.0153
ISSN1818-1228
URIhttp://hdl.handle.net/10576/61556
AbstractUnderstanding the concept of time scales is crucial when modeling economic and financial decisions. Within the time-frequency domain, this study delves into the relationship between fluctuations in oil prices and exchange rates across major oil-importing and exporting countries. The investigation employs various cross-wavelet techniques within the continuous wavelet transform framework, with a particular focus on wavelet coherence and phase-difference over the period 2000 to 2020. The results underscore a notable diversity in the connection between the oscillations of oil prices and exchange rates across diverse countries. This relationship is subject to temporal variations and is contingent upon the specific time horizon under consideration. In particular, our analysis reveals strong co-movements between oil prices and exchange rates across various time intervals and frequencies. Importing oil countries like New Zealand, Singapore, Brazil, and Taiwan exhibit particularly pronounced co-movements. Similarly, exporting oil countries such as Kuwait, Mexico, Russia, and Canada also display strong associations between oil prices and exchange rates. These correlations are intricately tied to key macroeconomic events, further highlighting the complex interplay between oil prices and exchange rate movements in different global regions. While a robust connection is evident in numerous countries, the strength of the relationship appears significantly weaker in several others. This variance underscores the nuanced nature of the association between the fluctuations in oil prices and exchange rates across the global landscape.
Languageen
PublisherQatar University Press
SubjectContinuous wavelet approach
Wavelet coherency approach
business cycle
oil prices
exchange rates
and wavelet power spectra
TitleCyclinaclity Effects of Exchange Rates and Oil Prices
TypeArticle
Pagination8-38
Issue Number2
Volume Number27
dc.accessType Open Access


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