References
- Abdel-Latif, H., and M. El-Gamal. 2019. Antecedents of war: The geopolitics of low oil prices and decelerating financial liquidity. Applied Economics Letters 26 (9):765–69. doi:https://doi.org/10.1080/13504851.2018.1494802.
- Abdel-Latif, H., and M. El-Gamal. 2020. Financial liquidity, geopolitics, and oil prices. Energy Economics 87 (104482):104482. doi:https://doi.org/10.1016/j.eneco.2019.104482.
- Aguiar-Conraria, L., and M. J. Soares 2010. The continuous wavelet transform: A primer (No. 23/2010). NIPE-Universidade do Minho. https://econpapers.repec.paper/nipnipewp/23_2f2010.htm
- Aisen, A., and F. J. Veiga. 2013. How does political instability affect economic growth? European Journal of Political Economy 29 (151):151–67. doi:https://doi.org/10.1016/j.ejpoleco.2012.11.001.
- Akram, Q. F. 2009. Commodity prices, interest rates and the dollar. Energy Economics 31 (6):838–51. doi:https://doi.org/10.1016/j.eneco.2009.05.016.
- Amano, R. A., and S. Van Norden. 1998. Oil prices and the rise and fall of the US real exchange rate. Journal of International Money and Finance 17 (2):299–316. doi:https://doi.org/10.1016/S0261-5606(98)00004-7.
- Apergis, N., A. Aslan, G. C. Aye, and R. Gupta. 2015. The asymmetric effect of oil price on growth across US States. Energy Exploration & Exploitation 33 (4):575–90. doi:https://doi.org/10.1260/0144-5987.33.4.575.
- Aslam, F., and H. G. Kang. 2015. How different terrorist attacks affect stock markets. Defence and Peace Economics 26 (6):634–48. doi:https://doi.org/10.1080/10242694.2013.832555.
- Baek, J. 2021. A new look at the oil price-exchange rate nexus: Asymmetric evidence from selected OPEC member countries. Economic Analysis and Policy 70 (172):172–81. doi:https://doi.org/10.1016/j.eap.2021.02.008.
- Bahar, D., S. Bustos, J. R. Morales, and M. Á. Santos. 2019. Impact of the 2017 sanctions on Venezuela: Revisiting the evidence. Brookings Institution. Washington, DC. https://www.brookings.edu/wp-content/uploads/2019/05/impact-of-the-2017-sanctions-on-venezuela_final.pdf
- Baker, S. R., N. Bloom, and S. J. Davis. 2016. Measuring economic policy uncertainty. The Quarterly Journal of Economics 131 (4):1593–636. doi:https://doi.org/10.1093/qje/qjw024.
- Balan, F. 2016. On asymmetric causal relationships in Petropolitics. Economic Annals 61 (209):7–25. doi:https://doi.org/10.2298/EKA1609007B.
- Bariviera, A. F., L. Zunino, and O. A. Rosso. 2016. Crude oil market and geopolitical events: An analysis based on information-theory-based quantifiers. Fuzzy Economic Review 21 (1):41–51. https://arxiv.abs/1704.04442.
- Baxter, M., and M. A. Kouparitsas 2000. What can account for fluctuations in the terms of trade? FRB Chicago, Research Working Paper, 2000–25. doi.https://doi.org/10.2139/ssrn.255736
- Bazzi, S., and C. Blattman. 2014. Economic shocks and conflict: Evidence from commodity prices. American Economic Journal: Macroeconomics 6 (4):1–38. doi:https://doi.org/10.1257/mac.6.4.1.
- Bénassy-Quéré, A., V. Mignon, and A. Penot. 2007. China and the relationship between the oil price and the dollar. Energy Policy 35 (11):5795–805. doi:https://doi.org/10.1016/j.enpol.2007.05.035.
- Benhmad, F. 2012. Modeling nonlinear Granger causality between the oil price and US dollar: A wavelet-based approach. Economic Modelling 29 (4):1505–14. doi:https://doi.org/10.1016/j.econmod.2012.01.003.
- Blattman, C., and E. Miguel. 2010. Civil war. Journal of Economic Literature 48 (1):3–57. doi:https://doi.org/10.1257/jel.48.1.3.
- Caldara, D., and M. Iacoviello. 2018. Measuring geopolitical risk. FRB International Finance Discussion Paper 1222. doi:https://doi.org/10.17016/IFDP.2018.1222.
- Caselli, F., M. Morelli, and D. Rohner. 2015. The geography of interstate resource wars. The Quarterly Journal of Economics 130 (1):267–315. doi:https://doi.org/10.1093/qje/qju038.
- Chen, H., H. Liao, B. J. Tang, and Y. M. Wei. 2016. Impacts of OPEC’s political risk on the international crude oil prices: An empirical analysis based on the SVAR models. Energy Economics 57 (42):42–49. doi:https://doi.org/10.1016/j.eneco.2016.04.018.
- Chisadza, C., J. Dlamini, R. Gupta, and M. P. Modise. 2016. The impact of oil shocks on the South African economy. Energy Sources, Part B: Economics, Planning, and Policy 11 (8):739–45. doi:https://doi.org/10.1080/15567249.2013.781248.
- Cirera, X., and A. Soares Martins-Neto 2020. Do innovative firms pay higher wages?: Micro-level evidence from Brazil. doi.https://doi.org/10.1596/1813-9450-9442
- Corden, W. M. (1984). Booming Sector and Dutch Disease Economics: Survey and Consolidation. Oxford Economic Papers36(3): 359–380. https://www.jstor.org/stable/2662669
- Cotet, A. M., and K. K. Tsui. 2013. Oil and conflict: What does the cross country evidence really show? American Economic Journal: Macroeconomics 5 (1):49–80. doi:https://doi.org/10.2139/ssrn.1347700.
- Coudert, V., V. Mignon, and A. Penot. 2007. Oil price and the dollar. Energy Studies Review 15 (2). doi: https://doi.org/10.15173/esr.v15i2.508.
- Dornbusch, R., Hernández-Catá, E., Buiter, W.H. and Hernandez-Cata, E. 1983. Flexible exchange rates and interdependence. Palgrave Macmillan Journals 30(1) pp:3-38. https://doi.org/102307/3866874
- Doukas, H., A. Flamos, and J. Psarras. 2011. Risks on the security of oil and gas supply. Energy Sources, Part B: Economics, Planning, and Policy 6 (4):417–25. doi:https://doi.org/10.1080/15567240903047442.
- Fan, Y., and J. H. Xu. 2011. What has driven oil prices since 2000? A structural change perspective. Energy Economics 33 (6):1082–94. doi:https://doi.org/10.1016/j.eneco.2011.05.017.
- Flamos, A., C. V. Roupas, and J. Psarras. 2013. GCC economies diversification: Still a myth? Energy Sources, Part B: Economics, Planning, and Policy 8 (4):360–68. doi:https://doi.org/10.1080/15567240903515000.
- Gaibulloev, K., and T. Sandler. 2008. Growth consequences of terrorism in Western Europe. Kyklos 61 (3):411–24. doi:https://doi.org/10.1111/j.1467-6435.2008.00409.x.
- Golub, S. S. 1983. Oil prices and exchange rates. The Economic Journal 93 (371):576–93. doi:https://doi.org/10.2307/2232396.
- Gujarati, D. N., D. C. Porter, and S. Gunasekar. 2012. Basic econometrics. Tata McGraw-Hill Education.
- Habib, M. M., S. Buetzer, and L. Stracca. 2016. Global exchange rate configurations. Do Oil Shocks Matter? IMF Economic Review 64 (3):443–70. doi:https://doi.org/10.1057/imfer.2016.9.
- Huang, J., Q. Ding, H. Zhang, Y. Guo, and M. T. Suleman. 2021. Nonlinear dynamic correlation between geopolitical risk and oil prices: A study based on high-frequency data. Research in International Business and Finance 56 (101370):101370. doi:https://doi.org/10.1016/j.ribaf.2020.101370.
- Hudgins, B., P. Parker, and R. N. Scott. 1993. A new strategy for multifunction myoelectric control. IEEE Transactions on Biomedical Engineering 40 (1):82–94. doi:https://doi.org/10.1109/10.204774.
- Jbir, R. 2013. The link between oil price and Dutch disease. Energy Sources, Part B: Economics, Planning, and Policy 8 (4):391–97. doi:https://doi.org/10.1080/15567240903567654.
- Jbir, R., and S. Zouari-Ghorbel. 2011. Oil price and dutch disease: The case of Algeria. Energy Sources, Part B: Economics, Planning, and Policy 6 (3):280–93. doi:https://doi.org/10.1080/15567240802653993.
- Ji, Q., J. Li, and X. Sun. 2019. Measuring the interdependence between investor sentiment and crude oil returns: New evidence from the CFTC’s disaggregated reports. Finance Research Letters 30 (420):420–25. doi:https://doi.org/10.1016/j.frl.2019.02.005.
- Khan, K., C. W. Su, M. Umar, and X. G. Yue. 2020a. Do crude oil price bubbles occur? Resources Policy 101936. doi:https://doi.org/10.1016/j.resourpol.2020.101936.
- Khan, K., C. W. Su, and R. Tao. 2020b. Does oil prices cause financial liquidity crunch? Perspective from geopolitical risk. Defence and Peace Economics 1–13. doi:https://doi.org/10.1080/10242694.2020.1712640.
- Khurshid, A. 2015. The effect of interest rate on investment; Empirical evidence of Jiangsu Province, China. Journal of International Studies 8 (1). https://www.jois.eu/files/JIS_Vol8_No1_Wuhan_Suyuan_Khurshid.pdf.
- Khurshid, A., A. Rauf, A. C. Calin, S. Qayyum, A. H. Mian, and T. Fatima. 2021. Technological innovations for environmental protection: Role of intellectual property rights in the carbon mitigation efforts. Evidence from western and southern Europe. International Journal of Environmental Science and Technology 1–16. doi:https://doi.org/10.1007/s13762-021-03491-z.
- Khurshid, A., Kedong, Y., Calin, A. C., and Popovici, O. C. 2016. Do Remittances Hurt Domestic Prices? New Evidence from Low, Lower-Middle and Middle–Income Groups. ESPERA 19(4): 95–114. http://www.ipe.ro/rjef/rjef4_16/rjef4_2016p95-114.pdf
- Khurshid, A., and X. Deng. 2021. Innovation for carbon mitigation: A hoax or road toward green growth? Evidence from newly industrialized economies. Environmental Science and Pollution Research 28 (6):6392–404. doi:https://doi.org/10.1007/s11356-020-10723-1.
- Khurshid, A., Y. Kedong, A. C. Calin, C. G. Zeldea, S. Qiang, and D. Wenqi. 2020. Is the relationship between remittances and economic growth influenced by the governance and development of the financial sector? New evidence from the developing countries. Journal for Economic Forecasting (1):37–56. https://ideas.repec.a/rjr/romjef/vy2020i1p37-56.html.
- Khurshid, A., Y. Kedong, A. C. CĂLIN, M. E. N. G. Zhaosu, and N. Nazir. 2018. Remittances inflows, gain of foreign exchange or trade loss? New evidence from low, lower-middle and middle-income groups. ESPERA 21 (1). http://www.ipe.ro/rjef/rjef1_18/rjef1_2018p20-41.pdf.
- Kollias, C., S. Papadamou, and V. Arvanitis. 2013. Does Terrorism affect the stock‐bond covariance? Evidence from European countries. Southern Economic Journal 79 (4):832–48. doi:https://doi.org/10.4284/0038-4038-2012.309.
- Koranchelian, T. 2005. The equilibrium real exchange rate in a commodity exporting country: Algeria’s experience. IMF Working Paper No. 05/135, Available at https://ssrn.com/abstract=888004
- Korhonen, I., and T. Juurikkala. 2009. Equilibrium exchange rates in oil-exporting countries. Journal of Economics and Finance 33 (1):71–79. doi:https://doi.org/10.1007/s12197-008-9067-x.
- Kumar, A., N. A. Bhutto, K. A. Mangrio, and M. R. Kalhoro. 2019. Impact of external debt and exchange rate volatility on domestic consumption. New evidence from Pakistan. Cogent Economics & Finance 7 (1):1568656. doi:https://doi.org/10.1080/23322039.2019.1568656.
- Leder, F., and J. N. Shapiro. 2008. This time it’s different: An inevitable decline in world petroleum production will keep oil product prices high, causing military conflicts and shifting wealth and power from democracies to authoritarian regimes. Energy Policy 36 (8):2850–52. doi:https://doi.org/10.1016/j.enpol.2008.04.015.
- Loh, J. 2013. Inquiry into issues of trustworthiness and quality in narrative studies: A perspective. Qualitative Report 18 (33):1.
- Monaldi, F. (2015). The impact of the decline in oil prices on the economics, politics and oil industry of Venezuela. https://scholarship.rice.edu/bitstream/handle/1911/91732/F._Monaldi._Columbia._Impact_of_the_Decline_in_Oil_Prices_on_Venezuela_September_2015.pdf?sequence=1
- Musa, K. S., Y. Campus, and N. N. P. C. Tower. 2020. Crude oil price and exchange rate nexus: An ARDL bound approach. Open Access Library Journal 7 (3):1. http://creativecommons.licenses/by/4.0/.
- Naifar, N., and M. S. Dohaiman. 2013. Nonlinear analysis among crude oil prices, stock markets’ return and macroeconomic variables. International Review of Economics and Finance 27:416–31. doi:https://doi.org/10.1016/j.iref.2013.01.001.
- Pattillo, C. A., H. Poirson, and L. A. Ricci 2002. External debt and growth. IMF Working Paper No. 02/69. https://ssrn.com/abstract=879569
- Qiang, S., A. Khurshid, A. C. Calin, and K. Khan. 2019. Do remittances contribute to the development of financial institutions? New evidence from the developing world. Romanian J Econ Forecast 22 (2):78. http://www.rjef.ro/rjef/rjef2_19/rjef2_2019p78-97.pdf.
- Rasasi, M. A. 2017. Oil prices and GCC exchange rates. Energy Sources, Part B: Economics, Planning, and Policy 12 (4):344–50. doi:https://doi.org/10.1080/15567249.2015.1132284.
- Roueff, F., and R. Von Sachs. 2011. Locally stationary long memory estimation. Stochastic Processes and Their Applications 121 (4):813–44. doi:https://doi.org/10.1016/j.spa.2010.12.004.
- Roupas, C., A. Flamos, and J. Psarras. 2011. Comparative analysis of EU member countries vulnerability in oil and gas. Energy Sources, Part B: Economics, Planning, and Policy 6 (4):348–56. doi:https://doi.org/10.1080/15567240802706742.
- Rua, A. 2010. Measuring co-movement in the time–frequency space. Journal of Macroeconomics 32 (2):685–91. doi:https://doi.org/10.1016/j.jmacro.2009.12.005.
- Rua, A. 2012. Wavelets in economics. Economic Bulletin and Financial Stability Report Articles. https://www.bportugal.pt/sites/default/files/anexos/papers/ab201208_e.pdf
- Sosunov, K., and O. A. Zamulin 2006. Can oil prices explain the real appreciation of the Russian ruble in 1998-2005? CEFIR/NES working paper. doi.https://doi.org/10.2139/ssrn.931905
- Su, C. W., K. Khan, R. Tao, and M. Nicoleta-Claudia. 2019. Does geopolitical risk strengthen or depress oil prices and financial liquidity? Evidence from Saudi Arabia. Energy 187 (116003):116003. doi:https://doi.org/10.1016/j.energy.2019.116003.
- Su, C. W., K. Khan, R. Tao, and M. Umar. 2020. A review of resource curse burden on inflation in Venezuela. Energy 204:117925. doi:https://doi.org/10.1016/j.energy.2020.117925.
- Tiwari, A. K., A. B. Dar, and N. Bhanja. 2013. Oil price and exchange rates: A wavelet based analysis for India. Economic Modelling 31 (414):414–22. doi:https://doi.org/10.1016/j.econmod.2012.11.043.
- Torrence, C., and G. P. Compo. 1998. A practical guide to wavelet analysis. Bulletin of the American Meteorological Society 79 (1):61–78. doi:https://doi.org/10.1175/1520-0477(1998)079<0061:APGTWA>2.0.CO;2.
- Venezuelan, A., and J. Ausman. 2019. The devastating Venezuelan crisis. Surgical Neurology International 10:145. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6744797/.
- Zalduendo, J. 2006. Determinants of Venezuela’s equilibrium real exchange rate. IMF Working Paper No. 06/74. https://ssrn.com/abstract=898735
- Zhang, D., Q. Ji, and A. M. Kutan. 2019. Dynamic transmission mechanisms in global crude oil prices: Estimation and implications. Energy 175 (1181):1181–93. doi:https://doi.org/10.1016/j.energy.2019.03.162.
- Zhang, H., A. Khurshid, X. Wang, and A. M. Băltăţeanu. 2021. Corporate financial risk assessment and role of big data; New perspective using fuzzy analytic hierarchy process. Romanian Journal for Economic Forecasting (2):181–99. http://www.ipe.ro/rjef/rjef2_21/rjef2_2021p181-199.pdf.
- Zhou, J. 2010. Comovement of international real estate securities returns: A wavelet analysis. Journal of Property Research 27 (4):357–73. doi:https://doi.org/10.1080/09599916.2010.517853.