Vplyv oslabeného dolára na zmiernenie dopadu vysokých cien ropy: implikácie pre ekonomiky Slovenskej republiky a Českej republiky
The Impact of Weakening US Dollar on Alleviating the High Oil Prices: The Case of Slovak and Czech Economies

Summary/Abstract: This paper examines the causes and conditions which led to rising oil prices in the international markets. Oil prices are influenced by many factors like supply and demand, political stability, particularly in oil producing countries, the value of US dollar against famous world currencies and the factor of psychology in the oil market etc. In this paper, it is paid a special attention to the weakness of US Dollar against world currencies and particular against Slovak and Czech Crowns and its effect on alleviation the impact of high oil prices on consumers of fuels and on economies of both countries at all. In this paper, it was proved by statistical calculation that, the appreciation of Slovak and Czech Crowns against the US Dollar have absorb substantially the high prices of crude oil in both Slovak and Czech countries.

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