Working Paper No. 810

Oil Prices and Real Exchange Rate Movements in Oil-Exporting Countries: The Role of Institutions

Published: September 23, 2009, revised October 2010Pages: 31Keywords: Real Exchange Rate; Commodity Price; Institutions; Development JEL-codes: F31, Q48, H11

Oil Prices and Real Exchange Rate Movements in Oil-Exporting Countries: The Role of Institutions Johanna Rickne

Political and legal institutions affect the extent to which the real exchange rates of oil-exporting countries co-move with the oil price. In a simple theoretical model, strong institutions insulate real exchange rates from oil price volatility by generating a smooth pattern of fiscal spending over the price cycle. Empirical tests on a panel of 33 oil-exporting countries provide evidence that countries with high bureaucratic quality and strong and impartial legal systems have real exchange rates that co-move less with the oil price.

Global index of the sharing economy

Timbro SEI

2018 Bergh Funcke Wernberg - Timbro Sharing Economy Index-1fHemsidan.jpg

Andreas Bergh, IFN and Lund University, is one of the authors of this book. The Timbro Sharing Economy Index is the first global index of the sharing economy. The index has been compiled using traffic volume data and scraped data, and provides a unique insight into the driving factors behind the peer-to-peer economy.

About the book

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