Amano, R.A., van Norden, S., 1998. Oil prices and the rise and fall of the US real exchange rate. Journal of International Money and Finance 17, 299-316.
Atems, B., Kapper, D., Lam, E., 2015. Do exchange rates respond asymmetrically to shocks in the crude oil market? Energy Economics 49, 227-238.
Bénassy-Quéré, A., Mignon, V., Penot, A., 2007. China and the relationship between the oil price and the dollar. Energy Policy 35, 5795-5805.
- Baek, J., Choi, Y.J., 2020. Do fluctuations in crude oil prices have symmetric or asymmetric effects on the real exchange rate? Empirical evidence from Indonesia. The World Economy, forthcoming.
Paper not yet in RePEc: Add citation now
Bannigidadmath, D., Narayan, P., 2015. Stock return predictability and determinants of predictability and profits. Emerg. Mark. Rev. 26, 153–173.
Benassy-Quere, A., Mignon, V. & Penot, A., 2007. China and the relationship between the oil price and the Dollar. Energy Policy, 35, 5795-5805.
- Benhmad, F., 2012. Modelling nonlinear Granger causality between oil prices and US dollar: a wavelet approach. Economic Modelling 29, 1505-1514.
Paper not yet in RePEc: Add citation now
Buetzer, S., Habib, M.M., Stracca, L., 2016. Global exchange rate configurations: Do oil shocks matter? IMF Economic Review 64, 443-470.
Campbell, J.Y, Thompson, S.B., 2008. Predicting excess stock returns out of sample: can anything beat the historical average? Review of Financial Studies 21, 1509–1531.
Chaudhuri, K., Daniel, B.C., 1998. Long-run equilibrium real exchange rates and oil prices. Economics Letters, 58, 231-238.
Chen, S.S., Chen, H.C., 2007. Oil price and real exchange rates. Energy Economics 29, 390-404.
Chen, Y., Rogoff, K., Rossi, B., 2010. Can exchange rates forecast commodity prices? Quarterly Journal of Economics 125, 1145-1194.
Clark, T.E., West T.D., 2007. Approximately normal tests for equal predictive accuracy in nested models. Journal of Econometrics, 138, 291–31.
Cunado, J., Perez de Gracia, F., 2003. Do oil price shocks matter? Evidence for some European countries. Energy Economics 25, 137-154.
Cunado, J., Perez de Gracia, F., 2005. Oil prices, economic activity and inflation: evidence for some Asian countries. Quarterly Review of Economics and Finance 45, 65-83.
Devpura, N., Narayan, P.K., Sharma, S.S., 2018. Is stock return predictability time varying? Journal of International Financial Markets, Institutions and Money 52, 152–172.
Ferraro, D., Rogoff, K., Rossi, B., 2015. Can oil prices forecast exchange rates? An empirical analysis of the relationship between commodity prices and exchange rates. Journal of International Money and Finance 54, 116-141.
Golub, S., 1983. Oil prices and exchange rates. The Economic Journal 93, 579-593.
Hamilton, J.D., 1983. Oil and the macroeconomy since World War II. Journal of Political Economy 91, 228-248.
Hamilton, J.D., 1988. A neoclassical model of unemployment and the business cycle. Journal of Political Economy 96, 593-617.
Hamilton, J.D., 2003. What is an oil shock? Journal of Econometrics 113, 363-398.
- Hamilton, J.D., 2009. Oil and the macroeconomy. In S.N. Durlauf, and L.E. Blume (eds). The New Palgrave Dictionary of Economics, Palgrave Macmillan.
Paper not yet in RePEc: Add citation now
Hamilton, J.D., 2011. Historial Oil Shocks. NBER Working Paper 16790.
Hooker, M.A., 1996. What happened to the oil price-macroeconomy relationship? Journal of Monetary Economics 38, 195-213.
- Huang, B.N., Lee, C.C., Chang, Y.F., Lee, C.C., 2020. Dynamic linkage between oil prices and exchange rates: new global evidence. Empirical Economics, forthcoming.
Paper not yet in RePEc: Add citation now
Huang, Y., Guo, F., 2007. The role of oil price shocks on China’s real exchange rate. China Economic Review 18, 403-416.
IEA- International Energy Agency, 2019. World Energy Outlook. Paris.
IMF- International Monetary Fund, 2019. World Economic Outlook Database. Washington, D.C. Ji, Q., Liu, B.Y. and Fan, Y. 2019. Risk dependence of CoVaR and structural change between oil prices and exchange rates: A time-varying copula model. Energy Economics 77, 80-92.
Jones, C., Kaul, G., 1996. Oil and the stock markets. Journal of Finance 51, 463-491.
Kilian, L., 2008. The economic effects of energy price shocks. Journal of Economic Literature 46, 871-909.
Krugman, P., 1983. Oil shocks and exchange rate dynamics, in J.A. Frenkel (ed.), Exchange Rates and International Macroeconomics. University of Chicago Press, Chicago, 259-284.
Kumar, S., 2019. Asymmetric impact of oil prices on exchange rate and stock prices. The Quarterly Review of Economics and Finance 72, 41-51.
Lewellen, J., 2004. Predicting returns with financial ratios. Journal of Finance and Economics, 74, 209–235.
Lizardo, R.A., Mollick, A.V., 2010. Oil price fluctuations and U.S. dollar exchange rates. Energy Economics, 32, 399-408.
Moosa, I., 2013. Why is it so difficult to outperform the random walk in exchange rate forecasting? Applied Economics 45 (23), 3340–3346.
Moosa, I., Burns, K., 2014a. The unbeatable random walk in exchange rate forecasting: reality or myth? Journal of Macroeconomics 40, 69–81.
Moosa, I., Burns, K., 2014b. Error correction modelling and dynamic specifications as a conduit to outperforming the random walk in exchange rate forecasting. Applied Economics 46 (25), 3107–3118.
- Moosa, I., Burns, K., 2014c. A reappraisal of the Meese–Rogoff puzzle. Applied Economics 46 (1), 30-40.
Paper not yet in RePEc: Add citation now
- Moosa, I.A., Burns, K., 2012. Can exchange rate models outperform the random walk? Magnitude, direction and profitability as criteria. International Economics 65, 473–490.
Paper not yet in RePEc: Add citation now
Mork, K.A., 1989. Oil and the macroeconomy when prices go up and down: an extension of Hamilton’s results. Journal of Political Economy 97, 740-744.
Narayan, P.K., Bannigidadmath, D., 2015. Are Indian stock returns predictable? Journal of Banking and Finance 58, 506–531.
Narayan, P.K., Gupta, R., 2015. Has oil price predicted stock returns for over a century? Energy Economics 48, 18–23.
Narayan, P.K., Phan, D.H.B., Sharma, S.S., Westerlund, J., 2016. Are Islamic stock returns predictable? A global perspective. Pacific Basin Finance Journal 40 (A), 210–223.
Narayan, S., 2013. Foreign exchange markets and oil prices in Asia. Journal of Asian Economics 28, 41-50.
Phan, D.H.B., Sharma, S.S., Narayan, P.K., 2015. Stock return forecasting: some new evidence. Int. Rev. Financ. Anal. 40, 38–51.
Reboredo, J.C., 2012. Modelling oil price and exchange rate co-movements. Journal of Policy Modeling 34, 419-440.
Salisu, A. A. & Mobolaji, H. (2013). Modeling returns and volatility transmission between oil price and US–Nigeria exchange rate. Energy Economics, 39(C), 169-176.
Salisu, A.A. & Isah, K., 2017. Revisiting the oil price and stock market nexus: A nonlinear Panel ARDL approach. Economic Modelling, 66(C), 258-271.
- Salisu, A.A. & Oloko, T. F. (2015). Modeling oil price–US stock nexus: A VARMA–BEKK– AGARCH approach. Energy Economics, 50(C), 1-12.
Paper not yet in RePEc: Add citation now
Salisu, A.A., Adekunle, W., Alimi, W.A. & Emmanuel, Z., 2019b. Predicting exchange rate with commodity prices: New evidence from Westerlund and Narayan (2015) estimator with structural breaks and asymmetries. Resources Policy 62 (2019) 33–56.
Salisu, A.A., Swaray, R., Oloko, T.F., 2019a. Improving the predictability of the oil-US stock nexus: the role of macroeconomic variables. Econ. Modell. 76 (C), 153–171.
- Shin, Y., Yu, B., Greenwood-Nimmo, M., 2014. Modelling asymmetric cointegration and dynamic multipliers in a nonlinear ARDL framework, in Anonymous Festschrift in Honor of Peter Schmidt. Springer, 281-314.
Paper not yet in RePEc: Add citation now
Turhan, M.I., Sensoy, A., Hacihasanoglu, E., 2014. A comparative analysis of the dynamic relationship between oil prices and exchange rates. Journal of International Financial Markets Institutions and Money 32, 397-414.
Westerlund, J., Narayan, P.K., 2012. Does the choice of estimator matter when forecasting returns? Journal of Banking and Finance, 36, 2632–2640.
Westerlund, J., Narayan, P.K., 2015. Testing for predictability in conditionally heteroskedastic stock returns. Journal of Finance and Economics, 13(2), 342–375.
Wu, C.C., Chung, H., Chung, H., 2012. The economic value of co-movement between oil price and exchange rate using copula-based GARCH models. Energy Economics 30, 270-282.