{"title":"石油价格对迪拉姆实际汇率的影响——以阿拉伯联合酋长国为例","authors":"Usama Al-mulali, Che Normee Binti Che Sab","doi":"10.1111/j.1753-0237.2011.00198.x","DOIUrl":null,"url":null,"abstract":"This study investigated the impact of oil shocks on the real exchange rate of the United Arab Emirates (UAE) dirham. Time series data were used for the period 1977–2007. Through this study, it has been found that a fixed exchange rate to the US dollar is not an appropriate exchange rate regime for the UAE. This is because when the price of oil increases, and with a fixed exchange rate regime, this would lead to rapid growth in gross domestic product and liquidity in the UAE economy. This, in turn, causes domestic prices to increase, and results in high levels of inflation.","PeriodicalId":103205,"journal":{"name":"Wiley-Blackwell: OPEC Energy Review","volume":"47 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2011-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"19","resultStr":"{\"title\":\"The Impact of Oil Prices on the Real Exchange Rate of the Dirham: A Case Study of the United Arab Emirates (UAE)\",\"authors\":\"Usama Al-mulali, Che Normee Binti Che Sab\",\"doi\":\"10.1111/j.1753-0237.2011.00198.x\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This study investigated the impact of oil shocks on the real exchange rate of the United Arab Emirates (UAE) dirham. Time series data were used for the period 1977–2007. Through this study, it has been found that a fixed exchange rate to the US dollar is not an appropriate exchange rate regime for the UAE. This is because when the price of oil increases, and with a fixed exchange rate regime, this would lead to rapid growth in gross domestic product and liquidity in the UAE economy. This, in turn, causes domestic prices to increase, and results in high levels of inflation.\",\"PeriodicalId\":103205,\"journal\":{\"name\":\"Wiley-Blackwell: OPEC Energy Review\",\"volume\":\"47 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2011-12-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"19\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Wiley-Blackwell: OPEC Energy Review\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1111/j.1753-0237.2011.00198.x\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Wiley-Blackwell: OPEC Energy Review","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1111/j.1753-0237.2011.00198.x","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
The Impact of Oil Prices on the Real Exchange Rate of the Dirham: A Case Study of the United Arab Emirates (UAE)
This study investigated the impact of oil shocks on the real exchange rate of the United Arab Emirates (UAE) dirham. Time series data were used for the period 1977–2007. Through this study, it has been found that a fixed exchange rate to the US dollar is not an appropriate exchange rate regime for the UAE. This is because when the price of oil increases, and with a fixed exchange rate regime, this would lead to rapid growth in gross domestic product and liquidity in the UAE economy. This, in turn, causes domestic prices to increase, and results in high levels of inflation.
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