Exchange rate and oil price, forex reserve and trade balances

Exchange rate is considered to be influenced by the crude oil price, foreign exchange reserves and trade balances especially for oil importing countries. This monograph addresses this aspect in the context of South Korea and Bangladesh. The findings suggest that there is no short-run relationship between oil price and exchange rates in both Bangladesh and South Korea, however, oil prices influence exchange rate in the long-run only in Bangladesh. Evidence of the effects of foreign exchange reserve and trade balances is also mixed for these two countries.

Autorentext

Fardous Alom, a member of Bangladesh Civil Service (Administration) cadre, is currently an adjunct lecturer of Economics and doctoral research fellow at Lincoln University in New Zealand. He has published several articles in internationally reputed journals and the recipient of several awards and scholarships.