This study explores the dynamic co-movement between oil and six stock markets (China, India, Japan, Saudi Arabia, Russia, and Canada) by using two types of wavelet analysis (wavelet multi-scale decomposition and wavelet coherence). The main empirical results are as follows: (1) Maximal overlap...

Part I of this Comment describes the OPEC practices that form the basis of opponents’ complaints, including OPEC member countries’ efforts to influence the world oil market and help oil producers achieve certain rates of return, as well as the General Agreement on Tariffs and Trade8...

In a world scale economy considering interlinkage and interactions between countries, economic shocks will affect various economies through channels. Meantime, the oil price is one of the most important channels. New studies show that the connection between the oil price and the world economy...

The current article aims to contribute to the debates on the linkages between oil price shock and exchange rates by asking: What are the impacts of shocks of oil supply, global demand, and oil-specific demand on exchange rates for OPEC's 13-member countries? To this purpose, the method of...