Publication
Sep 2005
High oil prices have made OPEC earn record revenues during the last couple of years. Due to the low absorptive capacity of oil-exporting economies, a good portion of this income is invested in international financial markets. During the last period of high oil prices, the oil shocks of the Seventies, recycling of petrodollars brought turmoil to financial markets and triggered the first international debt crisis at the beginning of the 1980's.
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English (PDF, 4 pages, 66 KB) German (PDF, 4 pages, 73 KB) |
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Author | Enno Harks |
Series | SWP Comments |
Issue | 38 |
Publisher | Stiftung Wissenschaft und Politik (SWP) |
Copyright | © 2005 Stiftung Wissenschaft und Politik (SWP) |