Exchange rate regime, world oil prices and the Mexican economy

Simple item page
buir.contributor.authorOsmanbeyoglu, Merve
buir.contributor.authorBerument, M. Hakan
buir.contributor.orcidBerument, M. Hakan|0000-0003-2276-4741
dc.citation.epage178en_US
dc.citation.issueNumber1en_US
dc.citation.spage159en_US
dc.citation.volumeNumber16en_US
dc.contributor.authorOsmanbeyoglu, Merve
dc.contributor.authorDogan, N.
dc.contributor.authorBerument, M. Hakan
dc.date.accessioned2023-02-17T07:55:11Z
dc.date.available2023-02-17T07:55:11Z
dc.date.issued2021-11-11
dc.departmentDepartment of Economicsen_US
dc.description.abstractThis paper studies the effects of the exchange rate regime of the Mexican economy on how the oil price shocks affect the domestic economic performance by considering the period from January 1992 to December 2019. The empirical evidence reported here reveals that a positive oil price shock appreciates the local currency, increases interest rates, output, and prices. However, once the exchange rate channel is closed, the interest rate increases, and prices will be higher. However, we could not find any statistically significant evidence of the effect on output changes with the exchange rate regime. Thus, the flexible exchange rate regime may promote price stability when the Mexican economy faces an oil price shock.en_US
dc.identifier.doi10.1007/s42495-021-00072-3en_US
dc.identifier.eissn1881-4387
dc.identifier.issn2524-4892
dc.identifier.urihttp://hdl.handle.net/11693/111474
dc.language.isoEnglishen_US
dc.publisherSpringer Nature Switzerland AGen_US
dc.relation.isversionofhttps://dx.doi.org/10.1007/s42495-021-00072-3en_US
dc.source.titleInternational Journal of Economic Policy Studiesen_US
dc.subjectOil price shocksen_US
dc.subjectExchange rate channelen_US
dc.subjectVector autoregressive modelsen_US
dc.titleExchange rate regime, world oil prices and the Mexican economyen_US
dc.typeArticleen_US

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Exchange rate regime, world oil prices and the Mexican economy.pdf
Size:
1.45 MB
Format:
Adobe Portable Document Format
Description:
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.69 KB
Format:
Item-specific license agreed upon to submission
Description:
Download

Collections

Department of Economics