Bénassy-Quéré, Agnès (contributor); … - 2005
oil price on the euro/dollar exchange rate . . . . . . . . . 20
3.3 The impact of the euro/dollar exchange rate on the oil …, this is the relevant price for all importing countries not
running a fixed exchange rate against the US dollar. Europe for … instance did not benefit
from the decrease in oil prices of the early 1980’s because of the rise in the dollar exchange
rate …