Bank Recycling of Petro Dollars to Emerging Market Economies During the Current Oil Price Boom

Bank Recycling of Petro Dollars to Emerging Market Economies During the Current Oil Price Boom
High oil prices have once again led to large external surpluses of oil exporting countries, similar to the 1970s and 1980s. This paper analyzes the extent to which (i) oil exporters use bank deposits to invest these surpluses, and (ii) banks are lending on these funds to emerging market economies. Bank recycling of petro dollars to emerging... READ MORE...

Publication date: July 2008
ISBN 9781451870381
$18.00

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