Download or read book Implications of a Weaker Dollar for Oil Prices and the U S Economy written by United States. Congress and published by Createspace Independent Publishing Platform. This book was released on 2018-01-17 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: Implications of a weaker dollar for oil prices and the U.S. economy : hearing before the Committee on Financial Services, U.S. House of Representatives, One Hundred Tenth Congress, second session, July 24, 2008.
Download or read book Implications of a Weaker Dollar for Oil Prices and the U S Economy written by United States. Congress. House. Committee on Financial Services and published by . This book was released on 2008 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Implications of a Weaker Dollar for Oil Prices and the U S Economy written by United States. Congress. House. Committee on Financial Services and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book U S Trade Deficit the Dollar and the Price of Oil written by James K. Jackson and published by DIANE Publishing. This book was released on 2008 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report analyzes the relationship between the dollar and the price of oil and how the two might interact. This report provides an assessment of the impact a range of prices of imported oil could have on the U.S. trade deficit.
Download or read book The Dollar s Decline written by Roberto Miguel Rodriguez and published by . This book was released on 2023-09-28 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The Dollar's Decline" delves into the intricate relationship between the U.S. dollar, global oil transactions, and the broader health of the American economy. For decades, the dollar's status as the world's reserve currency, especially in oil trade, has been a cornerstone of its global economic influence. This comprehensive exploration examines the ramifications of a shift away from the dollar in oil transactions and what it portends for the future of U.S. economic dominance. Key aspects of the book include: Historical Context: An overview of the establishment of the U.S. dollar as the de facto currency for global oil transactions and the resulting 'petrodollar' system. Economic Pillars: Unpacking the benefits accrued by the U.S. due to the dollar's dominant position in oil trade, from lower borrowing costs to heightened geopolitical leverage. Emerging Trends: Analyzing the motivations and mechanisms through which countries are exploring alternatives to the dollar for oil trade, from bilateral agreements to the rise of other reserve currencies. Impacts on the U.S. Economy: Investigating the potential economic consequences of a diminished role for the dollar, including effects on interest rates, trade balances, and foreign investment. Global Ripple Effects: Exploring how changes in oil transaction dynamics could reverberate through global financial systems, trade alliances, and geopolitical strategies. Future Forecasting: Speculation on the potential future of the U.S. dollar, considering technological innovations, emerging economic powers, and shifts in global economic governance. Adaptive Strategies: Proposing potential policy adjustments, economic reforms, and strategic alliances the U.S. could pursue to mitigate risks and capitalize on new opportunities. "The Dollar's Decline" serves as a timely primer for understanding the evolving landscape of global economic power dynamics. Through rigorous analysis, expert insights, and a forward-looking perspective, the book provides readers with a nuanced understanding of the potential challenges and transformations on the horizon for the U.S. economy in a rapidly changing global financial ecosystem.
Download or read book International Dimensions of Monetary Policy written by Jordi Galí and published by University of Chicago Press. This book was released on 2010-03-15 with total page 663 pages. Available in PDF, EPUB and Kindle. Book excerpt: United States monetary policy has traditionally been modeled under the assumption that the domestic economy is immune to international factors and exogenous shocks. Such an assumption is increasingly unrealistic in the age of integrated capital markets, tightened links between national economies, and reduced trading costs. International Dimensions of Monetary Policy brings together fresh research to address the repercussions of the continuing evolution toward globalization for the conduct of monetary policy. In this comprehensive book, the authors examine the real and potential effects of increased openness and exposure to international economic dynamics from a variety of perspectives. Their findings reveal that central banks continue to influence decisively domestic economic outcomes—even inflation—suggesting that international factors may have a limited role in national performance. International Dimensions of Monetary Policy will lead the way in analyzing monetary policy measures in complex economies.
Download or read book Global Implications of Lower Oil Prices written by Mr.Aasim M. Husain and published by International Monetary Fund. This book was released on 2015-07-14 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: The sharp drop in oil prices is one of the most important global economic developments over the past year. The SDN finds that (i) supply factors have played a somewhat larger role than demand factors in driving the oil price drop, (ii) a substantial part of the price decline is expected to persist into the medium term, although there is large uncertainty, (iii) lower oil prices will support global growth, (iv) the sharp oil price drop could still trigger financial strains, and (v) policy responses should depend on the terms-of-trade impact, fiscal and external vulnerabilities, and domestic cyclical position.
Download or read book The Weaker Dollar and Its Effect on the U S Economy written by Gail E. Makinen and published by . This book was released on 1995 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Distributional Implications of the Impact of Fuel Price Increases on Inflation written by Mr. Kangni R Kpodar and published by International Monetary Fund. This book was released on 2021-11-12 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.
Download or read book The U S Trade Deficit The Dollar and The Price of Oil written by and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite common perceptions that there is a direct cause and effect relationship between changes in the international exchange value of the dollar and the price of oil, an analysis of recent data indicates that changes in the price of oil are driven by changes in the demand for oil that is different from the supply of oil, rather than changes in the value of the dollar. [...] While the data do not support a strong cause and effect relationship between the value of the dollar and the price of oil, there likely are various channels through which changes in the price of oil and in the value of the dollar may be indirectly correlated. [...] The data also indicate that an increase in the demand for crude oil that exceeded the increase in the supply of oil and a laggardly pace in oil production capacity likely are among the main factors behind the sharp run up in the price of oil that occurred over the first seven months of 2008. [...] In addition, changes in the international exchange value of the dollar likely reflect a number of factors, including changes in the demand for and supply of capital within the U. S. economy, the relative rate of return on interest-sensitive assets, and expectations about the performance of the U. S. economy. [...] The interaction between the price of oil and the value of the dollar is complicated further by the way changes in the price of oil can affect the economic performance of other nations and, therefore, have an impact on their respective currencies.9 According to Global Insight,10 a number of factors worked to put upward pressure on oil prices in 2007 and during the first half of 2008.
Download or read book Relationship Between the Dollar Price of Oil and the U S Trade Deficit written by George D. Hoeffner and published by Nova Science Pub Incorporated. This book was released on 2010 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rapid changes in the price of oil and the impact of such price changes on economies around the globe have attracted considerable attention. In mid-2008 as the price of oil rose to unprecedented heights and then dropped sharply, the international exchange value of the dollar fell and then rose relative to a broad basket of currencies. For some, these two events seem to indicate a cause and effect relationship between changes in the price of oil and changes in the value of the dollar. This book analyses the relationship between the dollar and the price of oil and how the two might interact and provides an assessment of the impact a range of prices of imported oil could have on the U.S. trade deficit.
Download or read book Long Run Impacts of the Weak Dollar on the World Economy and Policy Implications for the United States written by Wai Shan Lin and published by . This book was released on 2005 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oil Prices and the Global Economy written by Mr.Rabah Arezki and published by International Monetary Fund. This book was released on 2017-01-27 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a simple macroeconomic model of the oil market. The model incorporates features of oil supply such as depletion, endogenous oil exploration and extraction, as well as features of oil demand such as the secular increase in demand from emerging-market economies, usage efficiency, and endogenous demand responses. The model provides, inter alia, a useful analytical framework to explore the effects of: a change in world GDP growth; a change in the efficiency of oil usage; and a change in the supply of oil. Notwithstanding that shale oil production today is more responsive to prices than conventional oil, our analysis suggests that an era of prolonged low oil prices is likely to be followed by a period where oil prices overshoot their long-term upward trend.
Download or read book The Dollar Trap written by Eswar S. Prasad and published by Princeton University Press. This book was released on 2015-08-25 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why the dollar is—and will remain—the dominant global currency The U.S. dollar's dominance seems under threat. The near collapse of the U.S. financial system in 2008–2009, political paralysis that has blocked effective policymaking, and emerging competitors such as the Chinese renminbi have heightened speculation about the dollar’s looming displacement as the main reserve currency. Yet, as The Dollar Trap powerfully argues, the financial crisis, a dysfunctional international monetary system, and U.S. policies have paradoxically strengthened the dollar’s importance. Eswar Prasad examines how the dollar came to have a central role in the world economy and demonstrates that it will remain the cornerstone of global finance for the foreseeable future. Marshaling a range of arguments and data, and drawing on the latest research, Prasad shows why it will be difficult to dislodge the dollar-centric system. With vast amounts of foreign financial capital locked up in dollar assets, including U.S. government securities, other countries now have a strong incentive to prevent a dollar crash. Prasad takes the reader through key contemporary issues in international finance—including the growing economic influence of emerging markets, the currency wars, the complexities of the China-U.S. relationship, and the role of institutions like the International Monetary Fund—and offers new ideas for fixing the flawed monetary system. Readers are also given a rare look into some of the intrigue and backdoor scheming in the corridors of international finance. The Dollar Trap offers a panoramic analysis of the fragile state of global finance and makes a compelling case that, despite all its flaws, the dollar will remain the ultimate safe-haven currency.
Download or read book Commodity Prices and Markets written by Takatoshi Ito and published by University of Chicago Press. This book was released on 2011-03 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fluctuations of commodity prices, most notably of oil, capture considerable attention and have been tied to important economic effects. This book advances our understanding of the consequences of these fluctuations, providing both general analysis and a particular focus on the countries of the Pacific Rim.
Download or read book Exorbitant Privilege written by Barry Eichengreen and published by Oxford University Press. This book was released on 2011-01-07 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is, as a critic of U.S.
Download or read book Economic Policy and the Great Stagflation written by Alan S. Blinder and published by Elsevier. This book was released on 2013-09-11 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic Policy and the Great Stagflation discusses the national economic policy and economics as a policy-oriented science. This book summarizes what economists do and do not know about the inflation and recession that affected the U.S. economy during the years of the Great Stagflation in the mid-1970s. The topics discussed include the basic concepts of stagflation, turbulent economic history of 1971-1976, anatomy of the great recession and inflation, and legacy of the Great Stagflation. The relation of wage-price controls, fiscal policy, and monetary policy to the Great Stagflation is also elaborated. This publication is beneficial to economists and students researching on the history of the Great Stagflation and policy errors of the 1970s.
