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This document summarizes previous research on the relationship between the price of oil and the value of the US dollar. Most studies found that oil prices and the dollar are cointegrated in the long run, with causality running from oil prices to the dollar. However, the author argues this relationship does not hold unless accounting for two structural breaks - in 1986 when oil pricing systems changed, and in 2005 when emerging economies drove increased oil demand. The author aims to investigate whether, acc
- Author
- kinhtequocte41
- Language
- EN