The
depreciation of the US dollar has been
closely bound up with the movement of
oil prices, as world oil trade is typically
denominated in dollars. Yet this relationship
may now be under threat as the dollar
continues to depreciate and the US economy
tips into recession. This article examines
how oil prices have changed with different
numeraires, and considers the implications
for the future of the oil-dollar nexus.
March 14, 2008.
|
|
|
|
This Document is in Adobe
Acrobat format and would
need a PDF reader to
view it. |
|
 |
View/
Download the
full text in PDF format |
|
if
you have problem
opening the file, right click
on hyperlink and select "SaveTarget
as" to save
the file on your hard drive. |
|
Size:
97.8 KB
App. Download Time:
1 min @ 28kbps |
|
|
| |
|
Click below
to get Adobe
Acrobat Reader, a free software
to view and print Adobe Portable
Document Format (PDF) files. |
|
 |
|
|
|
| |
|