1979
DOI: 10.1111/j.1468-0076.1979.tb00064.x
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Reflectionson Opec Oil Pricing Policies

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1980
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“…Combined with the call for a price rise to compensate for past depreciation, there have sometimes been proposals for indexing the price of oil to the rate of inflation of the reserve currencythe US dollar; to a 'basket' of currencies; to Special Drawing Rights (SDRs); or to the index of imported price inflation on commodities for OPEC. Askari and Salehizadeh conclude that the most advantageous method seems to be an index based on the weighted dollar export prices of OPEC's major trading partners (Askari and Salehizadeh,9). Amuzegar does not come to any clear conclusion but accepts that some new basis is necessary, with a greater stability than the present system (Amuzegar,8).…”
Section: Policy Solutionmentioning
confidence: 97%
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“…Combined with the call for a price rise to compensate for past depreciation, there have sometimes been proposals for indexing the price of oil to the rate of inflation of the reserve currencythe US dollar; to a 'basket' of currencies; to Special Drawing Rights (SDRs); or to the index of imported price inflation on commodities for OPEC. Askari and Salehizadeh conclude that the most advantageous method seems to be an index based on the weighted dollar export prices of OPEC's major trading partners (Askari and Salehizadeh,9). Amuzegar does not come to any clear conclusion but accepts that some new basis is necessary, with a greater stability than the present system (Amuzegar,8).…”
Section: Policy Solutionmentioning
confidence: 97%
“…Fluctuations in exchange rates are reflected in the inflation rate for commodities. One attempt has been made to estimate a set of real crude oil prices based on an adjustment of the nominal price of a barrel of oil in US dollars to account for both inflation and exchange rate changes for a number of OECD countries, as expressed in a US dollar-based unit value of exports ( Askari and Salehizadeh,9). This is reproduced in Table 2.…”
Section: Exchange Rate Fluctuationsmentioning
confidence: 99%
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