abbas shakeri; teymour mohammadi; Mohammad Jafari
Abstract
The significance of oil market and its impact on economic growth in oil-exporting and oil-consuming countries has led to examination of factors affecting it in different studies. Financial market and its components have penetrated in traditional oil market and this has resulted in creation of exchanges ...
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The significance of oil market and its impact on economic growth in oil-exporting and oil-consuming countries has led to examination of factors affecting it in different studies. Financial market and its components have penetrated in traditional oil market and this has resulted in creation of exchanges to trade oil-related securities. Therefore, the importance of financial markets has emerged not as an exogenous variable but as an endogenous variable within the oil market. Scientific results of the research demonstrate that the long-term impact of futures markets on the oil market is definite, however during the crises, due to the concerns about complicated crisis conditions, the effective time horizon becomes short-term, and consequently it is the spot market that influences future variables. Therefore, it is suggested that, in order to prevent the impact of global financial crises on the state’s budget, we have to monitor the financial markets and also participate in oil futures market which has the advantage of generating risk coverage and ensuring the country’s budget to become secure against price fluctuations of international markets. Finally, by undertaking a wise strategy of speculation, we can take advantage of potential opportunities, if supported by domestic financial institutions and Ministry of Petroleum and, therefore, earn the country tremendous revenues.
Ali Esmaieel Zadeh Magharri
Volume 9, Issue 33 , July 2009, , Pages 97-123
Abstract
The aim of this paper is to investigate the relationship between investment, import and export on inflation in Iran’s economy. First, we talk about inflation theory and then give a short discussion about inflation effects on investment to make sure that our time series are stationary. We use ADF ...
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The aim of this paper is to investigate the relationship between investment, import and export on inflation in Iran’s economy. First, we talk about inflation theory and then give a short discussion about inflation effects on investment to make sure that our time series are stationary. We use ADF method.
Then we estimate our models. We find out that the relationship between export and import and inflation is positive and the relation between investment and inflation is negative.
Abdolmajid Jalaie; Hamid Reza Horri; Fatemeh Irani Kermani
Volume 6, Issue 22 , October 2006, , Pages 229-255
Abstract
How the real exchange rate behavior is affected by macroeconomic variables within a country is important. Accordingly, this paper has tried, to explain the behavior of it, and to estimate RER for Iran in period of 1959 to 2004. Estimation of the model has been done through VAR and VECM. ...
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How the real exchange rate behavior is affected by macroeconomic variables within a country is important. Accordingly, this paper has tried, to explain the behavior of it, and to estimate RER for Iran in period of 1959 to 2004. Estimation of the model has been done through VAR and VECM. Estimation of the model showed that Monetary Policy and the degree of economic openness have had a negative impact on the real exchange rate in the short run, but in the long run their impact have turned to be positive. Also, Exchange Policy, which is the indicator of the exchange system in any country, has had a negative impact on the RER in the short run, but in the long run the impact of controls on the exchange system has been positive on RER.
