The enlightenment of the drop in oil prices and the ruble crisis

DOI

10.2991/febm-17.2017.120How to use a DOI?

Keywords

the ruble crisis; oil price; Russian economy

Abstract

From the July 2014, the international crude oil price has been continuously declined. The exchange rate of ruble has been depreciated. The crisis of ruble happened because the Russia's economy dependeds on oil export highly. According to the research, The RMB exchange rate is a one-way cause-and-effect relationship with oil price, Russia and China are at the same stage in the process of establishing a market economy, and the Russian ruble crisis in the country is worth our learning.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Siyuan Gong
AU  - Yan Zhou
PY  - 2017/10
DA  - 2017/10
TI  - The enlightenment of the drop in oil prices and the ruble crisis
BT  - Proceedings of the Second International Conference On Economic and Business Management (FEBM 2017)
PB  - Atlantis Press
SP  - 891
EP  - 896
SN  - 2352-5428
UR  - https://doi.org/10.2991/febm-17.2017.120
DO  - 10.2991/febm-17.2017.120
ID  - Gong2017/10
ER  -