Research Paper on:
Currency Exchanges and Exportation of Oil

Unformatted Sample Text from the Research Paper:
world to look elsewhere for possible sources of oil and consider the possibilities that other regions of the world present. The student working on this project should consider other oil-exporting  nations and then address exchange rate regimes and the best possible partnerships. It should be understood that such relationships involve consideration of energy prices, the current exchange rate, what is  happening in other oil-producing regions that could have an impact on supply and demand, and the likely exchange rate behavior in the future. "AAA" Oil-Producing Candidates Azerbaijan, Africa, Argentina  In the late 1990s, Azerbaijan experienced an investment boom in the petroleum sector as well as the construction and service sectors. After all, one of the largest untapped oil reserves  in the world lies beneath Azerbaijan. The problem, of course, is the state in which the former Soviet republic that exists over that oil reserve finds itself in. According to  Rosenberg and Saavalainen (1998), the greatest concern regarding dealing with Azerbaijans oil boom is the threat of the so-called "Dutch disease" which means there is an initial undervaluation of real  exchange rate, strong capital inflows, and underdeveloped financial markets and institutions. In such a situation, Rosenberg and Saavalainen warn that the oil boom could affect Azerbaijans macroeconomic stability by being  a risk to monetary stability, through the uncertainties associated the "magnitude and timing of petroleum revenues" (pp. 35), and what kind of government spending might be inspired by a substantial  inflow of revenue. It is worth noting, as does the Business Researchers Network (05-02), Azerbaijans "economic picture has improved due to a stabilization program that tightened fiscal and credit policies  and introduced structural reforms" (pp. 4). Of course, it should also be noted that its southern border is with Iran which may make it susceptible to the political upheavals of