G7 currencies in the oil storm: A deep dive into shock responses
G7 countries accounted for approximately 53% of the world's petroleum consumption; thus, shocks to the oil market have significant economic implications. To this end, we investigate the responses of G7 real effective exchange rates (REERs) to oil supply, demand, and risk shocks across various e...
محفوظ في:
| المؤلف الرئيسي: | |
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| مؤلفون آخرون: | , |
| التنسيق: | article |
| منشور في: |
2026
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| الوصول للمادة أونلاين: | http://hdl.handle.net/10725/17953 https://doi.org/10.1016/j.eneco.2026.109277 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://www.sciencedirect.com/science/article/abs/pii/S0140988326001568 |
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| _version_ | 1864513476312956928 |
|---|---|
| author | Gainetdinova, Anna |
| author2 | Sohag, Kazi Dagher, Leila |
| author2_role | author author |
| author_facet | Gainetdinova, Anna Sohag, Kazi Dagher, Leila |
| author_role | author |
| dc.creator.none.fl_str_mv | Gainetdinova, Anna Sohag, Kazi Dagher, Leila |
| dc.date.none.fl_str_mv | 2026-04-16T10:10:21Z 2026-04-16T10:10:21Z 2026 2026-05 |
| dc.identifier.none.fl_str_mv | 0140-9883 http://hdl.handle.net/10725/17953 https://doi.org/10.1016/j.eneco.2026.109277 Gainetdinova, A., Sohag, K., & Dagher, L. (2026). G7 currencies in the oil storm: A deep dive into shock responses. Energy Economics, 109277. http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://www.sciencedirect.com/science/article/abs/pii/S0140988326001568 |
| dc.language.none.fl_str_mv | en |
| dc.relation.none.fl_str_mv | Energy Economics |
| dc.rights.*.fl_str_mv | info:eu-repo/semantics/openAccess |
| dc.title.none.fl_str_mv | G7 currencies in the oil storm: A deep dive into shock responses |
| dc.type.none.fl_str_mv | Article info:eu-repo/semantics/publishedVersion info:eu-repo/semantics/article |
| description | G7 countries accounted for approximately 53% of the world's petroleum consumption; thus, shocks to the oil market have significant economic implications. To this end, we investigate the responses of G7 real effective exchange rates (REERs) to oil supply, demand, and risk shocks across various economic circumstances. Given the high fluctuations of oil markets over our sample period (from February 28, 2013, to March 14, 2023), we apply the cross-quantilogram approach to measure the fat-tailed linkage between oil shocks and REER. Our results demonstrate that G7 REERs are highly exposed to oil demand shocks while being least exposed to oil supply shocks. The REER of Canada encounters a depreciation in response to the supply and risk shocks, while that of the UK experiences a depreciation in response to supply and demand shocks in the long memory. Additionally, we find that REERs of Italy, Japan, the US, and Germany are less exposed to oil market shocks. Our findings are robust considering the rolling-window-based cross-quantilogram that accounts for bearish, normal, and bullish market conditions. |
| eu_rights_str_mv | openAccess |
| format | article |
| id | LAURepo_333593df4e130759e10b548bd8731e0d |
| identifier_str_mv | 0140-9883 Gainetdinova, A., Sohag, K., & Dagher, L. (2026). G7 currencies in the oil storm: A deep dive into shock responses. Energy Economics, 109277. |
| language_invalid_str_mv | en |
| network_acronym_str | LAURepo |
| network_name_str | Lebanese American University repository |
| oai_identifier_str | oai:laur.lau.edu.lb:10725/17953 |
| publishDate | 2026 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| spelling | G7 currencies in the oil storm: A deep dive into shock responsesGainetdinova, AnnaSohag, KaziDagher, LeilaG7 countries accounted for approximately 53% of the world's petroleum consumption; thus, shocks to the oil market have significant economic implications. To this end, we investigate the responses of G7 real effective exchange rates (REERs) to oil supply, demand, and risk shocks across various economic circumstances. Given the high fluctuations of oil markets over our sample period (from February 28, 2013, to March 14, 2023), we apply the cross-quantilogram approach to measure the fat-tailed linkage between oil shocks and REER. Our results demonstrate that G7 REERs are highly exposed to oil demand shocks while being least exposed to oil supply shocks. The REER of Canada encounters a depreciation in response to the supply and risk shocks, while that of the UK experiences a depreciation in response to supply and demand shocks in the long memory. Additionally, we find that REERs of Italy, Japan, the US, and Germany are less exposed to oil market shocks. Our findings are robust considering the rolling-window-based cross-quantilogram that accounts for bearish, normal, and bullish market conditions.Published2026-04-16T10:10:21Z2026-04-16T10:10:21Z20262026-05Articleinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/article0140-9883http://hdl.handle.net/10725/17953https://doi.org/10.1016/j.eneco.2026.109277Gainetdinova, A., Sohag, K., & Dagher, L. (2026). G7 currencies in the oil storm: A deep dive into shock responses. Energy Economics, 109277.http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.phphttps://www.sciencedirect.com/science/article/abs/pii/S0140988326001568enEnergy Economicsinfo:eu-repo/semantics/openAccessoai:laur.lau.edu.lb:10725/179532026-04-16T10:10:21Z |
| spellingShingle | G7 currencies in the oil storm: A deep dive into shock responses Gainetdinova, Anna |
| status_str | publishedVersion |
| title | G7 currencies in the oil storm: A deep dive into shock responses |
| title_full | G7 currencies in the oil storm: A deep dive into shock responses |
| title_fullStr | G7 currencies in the oil storm: A deep dive into shock responses |
| title_full_unstemmed | G7 currencies in the oil storm: A deep dive into shock responses |
| title_short | G7 currencies in the oil storm: A deep dive into shock responses |
| title_sort | G7 currencies in the oil storm: A deep dive into shock responses |
| url | http://hdl.handle.net/10725/17953 https://doi.org/10.1016/j.eneco.2026.109277 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://www.sciencedirect.com/science/article/abs/pii/S0140988326001568 |