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| Omid Zamani, Mohammad Reza Farzanegan, Jens-Peter Loy and Majid Einian |
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| ''The Impacts of Energy Sanctions on the Black-Market Premium: Evidence from Iran'' |
| ( 2021, Vol. 41 No.2 ) |
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| This study extends the literature by analyzing the effects of energy sanctions on the black-market premium on the Iranian Rial – U.S. dollar exchange rate. Using a nonlinear autoregressive distributed lag (NARDL) model from 1959 to 2017, we find that falling oil revenues as a result of sanctions have an increasing impact on the black-market premium. |
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| Keywords: Energy Shocks, Sanction, Iran, Black-Market Premium, NARDL. |
JEL: Q4 - Energy: General
F4 - Macroeconomic Aspects of International Trade and Finance: General |
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| Manuscript Received : Jul 24 2020 | | Manuscript Accepted : Apr 09 2021 |
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