TY - JOUR JF - JSE JO - jemr VL - 2 IS - 4 PY - 2011 Y1 - 2011/6/01 TI - The Role of Institutional Quality in the relationship of Real Exchange Rate and Oil Price, Case study: Oil-Exporting Economies TT - نقش کیفیت نهادی در رابطه نرخ واقعی ارز با قیمت نفت، مطالعه موردی: اقتصادهای نفتی N2 - The optimal usage of oil as a natural resource is an important problem in exporting countries. These countries always are encountered with uncertainty and volatility of oil prices and its effects on real exchange rate. The main purpose of this paper is to investigate the relationship of between oil prices and exchange rate by emphasizing institutional quality in during 1995-2006. The model of this paper is estimated by panel data approach. Findings show that the oil prices have a positive effect on real exchange rate and it reduces international competition power. But institutional quality affects the extent to which the real exchange rates of oil-exporting countries co-move with the oil price. The results show that countries with high institutional quality such as control of corruption and regularity quality have real exchange rates which co-move less with the oil price. SP - 103 EP - 122 AU - Salmani, Behzad AU - Behbudi, Davood AU - Mamipour, Siab AD - University of Tabriz KW - Oil prices KW - Real Exchange Rate KW - Institutional quality KW - Oil Exporting Countries. UR - http://jemr.khu.ac.ir/article-1-166-en.html ER -