THE NEXUS BETWEEN OIL PRICE SHOCK AND THE EXCHANGE RATE IN BANGLADESH
نویسندگان
چکیده
We examine the nexus between oil price and exchange rate for Bangladesh economy by using annual data covering from 1980 to 2018. Given stationarity properties, Johansen cointegration ARDL bounds tests find a long-run cointegrating relationship variables. that granger causes in but not short-run. According DOLS DARDL model, an increase appreciates 0.40% 0.30%. argue central bank's proper monitoring mechanism is necessary avoid price's adverse effects on rate.Keywords: Oil Price Shock, Real Exchange Rate (RER), Cointegration, Causality, DOLS, DARDL, Bangladesh.JEL Classifications: C22, Q43DOI: https://doi.org/10.32479/ijeep.10658
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ژورنال
عنوان ژورنال: International Journal of Energy Economics and Policy
سال: 2021
ISSN: ['2146-4553']
DOI: https://doi.org/10.32479/ijeep.10658