Commodity currencies and currency commodities
Clements, Kenneth W.; Fry, Renee Anne
There is a large literature on the influence of commodity prices on the currencies of countries with a large commodity-based export sector, such as Australia, New Zealand, and Canada (‘commodity currencies’). There is also the idea that because of pricing power, the value of currencies of certain commodity-producing countries affects commodity prices, such as metals, energy, and agricultural-based products (‘currency commodities’). This paper merges these two strands of the literature to...[Show more]
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