Basher, Syed Abul; Haug, Alfred A.; Sadorsky, Perry - In: Energy Economics 34 (2012) 1, pp. 227-240
market stock prices and 2) the relationship between oil prices and exchange rates, relatively little is known about the … dynamic relationship between oil prices, exchange rates and emerging market stock prices. This paper proposes and estimates a … particular, positive shocks to oil prices tend to depress emerging market stock prices and US dollar exchange rates in the short …