Proceedings of the Second International Conference On Economic and Business Management (FEBM 2017)

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

Authors
Siyuan Gong, Yan Zhou
Corresponding Author
Siyuan Gong
Available Online October 2017.
DOI
https://doi.org/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.
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This is an open access article distributed under the CC BY-NC license.

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Proceedings
Second International Conference On Economic and Business Management (FEBM 2017)
Part of series
Advances in Economics, Business and Management Research
Publication Date
October 2017
ISBN
978-94-6252-423-1
ISSN
2352-5428
DOI
https://doi.org/10.2991/febm-17.2017.120How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

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  - Second International Conference On Economic and Business Management (FEBM 2017)
PB  - Atlantis Press
SN  - 2352-5428
UR  - https://doi.org/10.2991/febm-17.2017.120
DO  - https://doi.org/10.2991/febm-17.2017.120
ID  - Gong2017/10
ER  -