Fratzscher, Marcel; Schneider, Daniel; Robays, Ine Van - CESifo - 2013
This paper takes a financial market perspective in examining the relationship between oil prices, the US dollar and … bidirectional causality between the US dollar and oil prices since the early 2000s. Moreover, both oil prices and the US dollar are … significantly affected by changes in equity market returns and risk. By contrast, oil prices did not react to changes in these …