Monetary Policy and the Oil Market (ADB Institute Series on Development Economics) by Naoyuki Yoshino
English | 6 Apr. 2016 | ISBN: 4431557962 | 164 Pages | PDF (True) | 3.1 MB
While oil price fluctuations in the past can be explained by pure supply factors, this book argues that it is monetary policy that plays a significant role in setting global oil prices. It is a key factor often neglected in much of the earlier literature on the determinants of asset prices, including oil prices.