This study employs a multivariate regression model in order to test the structural relationship between oil prices and exchange rates suggested by economic theory. It also applies cointegration techniques in order to identify the linear combination of variables that provides the best data fit.
Dawson '06, Jennifer C.
"The Effect of Oil Prices on Exchange Rates: A Case Study of the Dominican Republic,"
Undergraduate Economic Review: Vol. 3
, Article 4.
Available at: http://digitalcommons.iwu.edu/uer/vol3/iss1/4