The impact of crude oil prices on the inflation rate, exchange rate, and interest rate of emerging oil exporting and oil importing countries
Date of Publication
2016
Document Type
Bachelor's Thesis
Degree Name
Bachelor of Science in Management of Financial Institutions
College
Ramon V. Del Rosario College of Business
Department/Unit
Financial Management
Thesis Adviser
Tyrone Panzer L. Chan Pao
Defense Panel Member
Dexter W. Ginete
Abstract/Summary
The impact of crude oil price on inflation rates, exchange rates, and interest rates of emerging crude oil exporting countries and crude oil importing countries was tested in this study using the Granger causality test. The variables used in this study are the simple average of the three major crude oil benchmarks in the world namely the Brent Blend, Dubai/Oman, and the West Texas Intermediate (WTI) since these are the mostly traded benchmarks in the oil industry. Also, the countries in the study used different benchmarks and data collection since other benchmarks were not attainable. For inflation rates, the headline inflation rate for each country was used. For the exchange rate, the average exchange rate for each country was used and compared to the US dollar. And for the interest rate, the nominal interest rate of each country was used. The study limits its coverage to a ten-year monthly timeline from 2006 to 2015. Results show that nine out of ten countries were affected by the fluctuations of crude oil prices between 2006 to 2015. Brunei is the only country not affected by the fluctuations of crude prices while Cambodia is the most affected country.
Abstract Format
html
Language
English
Format
Accession Number
TU19496
Shelf Location
Archives, The Learning Commons, 12F, Henry Sy Sr. Hall
Physical Description
xiii, 210, 4 leaves ; 28 cm. + 1 computer disc ; 4 3/4 in.
Keywords
Petroleum products--Prices; Inflation (Finance)--Effect of energy costs on; Foreign exchange rates; Interest rates
Recommended Citation
Lim, G. W., Lim, S. N., Pascua, P. S., & Uy-Barreta, C. D. (2016). The impact of crude oil prices on the inflation rate, exchange rate, and interest rate of emerging oil exporting and oil importing countries. Retrieved from https://animorepository.dlsu.edu.ph/etd_bachelors/9577
