Exchange Rate Movements and Monetary Policies: Which Has Greater Influence on Petroleum

Shahram Molavi Bisetoni; Kiamars Fathi Hafshejani; Aboutorab Alirezaei; Ghanbar Abbaspour Esfadan

Volume 5, Issue 1 , January 2021, , Pages 147-172

https://doi.org/10.30699/ijf.2021.125534

Abstract
  The primary purpose of this study is twofold: Firstly, using the Markov Regime Switching model throughout December 2008 to February 2020, it investigates and compares the nonlinear impacts of exchange rate movements and monetary policies on Petroleum Stock Index, PSI, in Iran. Accordingly, some control ...  Read More