The Effect of Oil Price Fluctuations on the Exchange Rate of the National Currency of Azerbaijan: Assessment of the years 2014-2017
Hashimova, Kamala | December 2017
Abstract
In this research paper, the dynamics of the oil prices effect on the manat’s rate during the last four years, 2014-2017, will be analyzed. The research will be based on the question, “How do oil price fluctuations affect the exchange rate of the national currency of Azerbaijan?”. The main reasons behind the depreciation of the manat will be investigated. Measures taken by major players in the field, such as the CBAR and SOFAZ, to address the problem will be examined. The paper will also provide an overview of oil price forecasts, as well as of the rate of the Azerbaijani manat, based on international and domestic sources.
Citation
Hashimova, Kamala. 2017. The Effect of Oil Price Fluctuations on the Exchange Rate of the National Currency of Azerbaijan: Assessment of the years 2014-2017. © Center for Economic and Social Development. http://hdl.handle.net/11540/7842.Keywords
Social condition
Economic dependence
Economic assistance
International monetary relations
International monetary relations
International trade
National accounting
Market
Petroleum Refineries
Petroleum Products
Petroleum Prices
Petroleum
Crude Oil
Petrochemical Industry
Export Oriented Industries
Macroeconomic
Macroeconomic Analysis
Macroeconomic Framework
Macroeconomic Models
Macroeconomic Performance
Macroeconomic Planning
Macroeconomic
Policies
Macroeconomic Reform
Macroeconomic Stabilization
Oil and Gas Industry
Development cooperation
Petroleum Industry
Transport Industry
Exchange
Exchange rates
Comparative economics
Index number
Monetary policy
Value analysis
Adjustment cost
Transaction cost
Conditionality
International relations
Oil refineries
Gasoline
Oil
Show allCollapse