Oil Shocks and External Balances

Oil Shocks and External Balances
This paper studies the effects of demand and supply shocks in the global crude oil market on several measures of countries' external balance, including the oil and non-oil trade balances, the current account, and changes in net foreign assets (NFA) during 1975-2004. We explicitly take a global perspective. In addition to the U.S., the Euro area... READ MORE...

Publication date: May 2007
ISBN 9781451866742
$18.00

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