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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INFORMATION
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2006/12/14
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Bulletin d’information
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43272
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1
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1
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2010/07/01
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Disclosed
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Recycling of petrodollars in the recent oil price increase
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oil exporter
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