The Euromarket & OPEC Oil Revenues: A Study of Banking Intermediation
The OPEC price escalations of 1973-74 and 1979-80 have had a crucial effect on the world economy and on international trade. Non-OPEC countries have had t o adjust to higher petroleum prices. They have tried to develop alternative energy resources and have invested in various energy conservation measures.
Categories:
Energy Policy , Finance , Oil
Tags:
Banks , Eurocurrency Market , Europe , funding , Intermediation , International Banking , International Financial Markets , OPEC , Pricing Behaviour