Norges Bank finds strong oil krone link
A Norges Bank paper published on Friday identifies a long-run relationship between the trade-weighted Norwegian krone exchange rate and the price of oil and the interest differentials.
Geir Alstad, the paper's author, integrates the Norwegian krone trade-weighted index with the real oil price, the price differential and the real interest differential and finds a long-run relationship exists between the three variables. Alstad says it is possible to use the estimated model to analyse whether the
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