THE EFFECTS OF OIL PRICE ON ASIA – PACIFIC EXCHANGE RATES: EVIDENCE FROM QUANTILE REGRESSION ANALYSIS

  • Sankarkumar Amirdhavasani, Murugesan Selvam, Gunasekaran Indhumathi, Sigo Marxia Oli, Dhamotharan Dhanasekar

Abstract

An attempt has been made in this paper, to investigate the effect of oil prices on the exchange rate of 13 Asia – Pacific sample countries against USD, for the period from 04th January 2000 to 31st March 2020. OLS and QR Models were adopted for the analysis. Japanese Yen and Hong Kong Dollar were not affected by the oil prices during the study period. Sample currencies responded differently to oil price shocks under current market conditions. The results of this study would be useful to the policy makers, in the context of variations of oil and currency markets.

Published
2020-04-27
How to Cite
Sankarkumar Amirdhavasani, Murugesan Selvam, Gunasekaran Indhumathi, Sigo Marxia Oli, Dhamotharan Dhanasekar. (2020). THE EFFECTS OF OIL PRICE ON ASIA – PACIFIC EXCHANGE RATES: EVIDENCE FROM QUANTILE REGRESSION ANALYSIS. International Journal of Advanced Science and Technology, 29(8s), 1337 - 1347. Retrieved from http://sersc.org/journals/index.php/IJAST/article/view/12485
Issue
Vol. 29 No. 8s (2020): Vol. 29 No. 8s (2020) Special Issue
Section
Articles