How do energy price hikes affect exchange rates during the war in Ukraine
Bibliographic Data
| ID | 21541575 |
|---|---|
| Authors | Amin Sokhanvar (0000-0002-3901-9361, Ural Federal University, corresponding author), Chien-Chiang Lee (0000-0003-0037-4347, Nanchang University) |
| Year | 2023 |
| Volume | 64 |
| Issue | 5 |
| Pages | 2151-2164 |
| Publication date | 2023-05-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Empirical Economics (JOURNAL) |
| Journal identifiers | ISSN: 0377-7332 • E-ISSN: 1435-8921 |
| Publisher | Springer Science and Business Media LLC (PUBLISHER) |
| DOI | 10.1007/s00181-022-02320-7 |
| OpenAlex | W4306939555 |
| Language | EN |
| Citations received | 2 |
| References cited | 33 |
The Russia–Ukraine war and new sanctions against Russia have created economic losers and winners. Supply chain shocks are made by two factors: the market’s extraordinary swings and the breadth of commodities exported by Russia and Ukraine including energy and raw material. This paper adopts the cross-quantilogram approach to visualize the effects of energy price shocks on the exchange rate movements during this war. Our findings indicate that energy price hikes are associated with the appreciation of the Canadian dollar against the Euro and Japanese yen. Considering the ongoing war in Ukraine, the best feasible policy responses are discussed
Economics · Exchange rate · Geography · International economics · Liberian dollar · Monetary economics · Political science · Price shock · Sanctions · Spanish Civil War · Economic Sanctions and International Relations · Global Energy Security and Policy · Market Dynamics and Volatility · Finance
| Citations per year | 1 |
|---|---|
| Citation span | 2024 - 2025 (2) |
| Highly cited | No |