Abstract
Oil has been a significant factor in the satisfaction of the commercial energy needs of industrial and developing economies, and in sustaining their growth. Changes in the terms of its extraction and/or in its commercialisation are bound to affect various parties. International financial markets are among the economic sectors foremost concerned by such changes. In particular, the size, composition, nature and stability of financial flows are impacted by oil price changes. The impact is bound to be more significant, the more sizeable and rapid the changes are to price, volume, and patterns of oil flows.
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© 1987 International Research Programme, London School of Economics
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Mikdashi, Z. (1987). Oil Funding and International Financial Markets. In: Rees, J., Odell, P.R. (eds) The International Oil Industry. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-09340-3_8
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DOI: https://doi.org/10.1007/978-1-349-09340-3_8
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-09342-7
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