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Recycling of petrodollars in the recent oil price increase (English)

This briefing note summarizes ongoing work that examines how oil export revenues are being recycled in the recent oil price increase (2002-present) as compared with the previous episode in 1979-81. Main messages are as follows: (i) deposits with BIS-reporting banks are the main identifiable destination of oil exporters' investable funds. Yet compared to previous episodes, the role of oil exporters as a net supplier of funds to the international banking...
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Irving,Jacqueline Theresa.

Recycling of petrodollars in the recent oil price increase (English). Washington, DC: World Bank. http://documents.worldbank.org/curated/en/134791468153559775

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