Who Governs Global Oil Prices?
... monetary policy – for example, it is now considering ending its quantitative easing policy by around 2014). Also, other financial factors play a role, for instance the recycling of foreign exchange surpluses; the historic example is the one from ... ... vast inflows of liquidity without inflationary repercussions. As a result, this huge liquidity is invested back into the large developed economies that also tend to be the actual consumers of oil. It is an incredible carrousel or a resource curse, except ...
13.09.2013