The Effect of Fluctuations in Oil Prices and Foreign Reserves on Consumer Price Indices
Article Sidebar
THIS IS AN OPEN ACCESS ARTICLE UNDER THE CC BY LICENSE
Main Article Content
Abstract
Iraq mainly depends on oil revenues to finance the general budget, so the fluctuations in its prices affect most economic and financial indicators, as well as the foreign reserves held by the Central Bank. Therefore, the current research aims to study the impact of these fluctuations in the value of foreign reserves and in consumer prices, which affect the life of the citizen directly. For the purpose of achieving the objectives of the research and reaching the results, a number of statistical methods were used, the most important of which is the test (F) and the degree of morality (Sig) to test the significance of the effect.
Downloads
Article Details
References
Ahmed, Dheyab, (2019), Forecasting consumer price indices in Iraq- The Tenth International Scientific Conference/College of dministration and Economics/University of Karbala.
Al-Hamwi, Saad Khalifa, (2015), The Basics of Energy / Petroleum-Electricity-Gas Production, First Edition.
Al-Attar, Ihsan, (2018), Factors Affecting the Pricing of Iraqi Crude Oil in International Markets- Iraqi Economists Network.
Dominguez, Kathryn, (2015), International Reserves and Underdeveloped Capital Markets, Research Seminar in International Economics, The University of Michigan, Discussion Paper, No. 600.
Jones, Bradley, (2018), Reserve Management and International Financial Stability: Some Reflections from the Crisis, https://www.rba.gov.au/ speeches /2018/pdf/sp-so.
Kazem, Ibrahim, (2014), Indices and the methodology of their application in economic activities (Iraq as a model)- Diyala journal for pure science, VO:7,
OPEC report, (2020), https://www.opec.org/opec_web/static_ files_project/media/ downloads/publications/AR%202019%20for%20web.pdf.
Reza, Moghadam & Jonathan, Ostry & Sheehy, Robert, (2014), International monetaey fund- Assesing Reserve Adequ:acy" Monetary and capital market, research and strategy, policy, and review departments- https://www.imf.org/ external/ np/pp/eng/2014/021411b.pdf.
Vinals, Jose, (2016), Revised Guidelines for Foreign Exchange Reserve Management”, international monetary fund-https://activismenbbdotbe.files. wordpress. Com /2016/01/opmerkingimf.pdf.
wheed, khair Allah, (2014), The importance of oil wealth in the international economy and alternative strategies -a case study of Algeria, Master's Thesis in Economic Sciences – Algeria.
Investment https://sa.investing.com/commodities/crude-oil-historical-data.