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The financial health of oil-producing entities is closely tied to oil prices. Historical data shows that the profits of leading international oil corporations have fluctuated in correlation with global oil price volatility.
The objective of this working paper was to analyze the relationship between oil price volatility and economic growth, taking into account the unique characteristics of the region, including both oil-producing and net oil-importing countries, and comparing it with other regions of the world.
FLAR contributes to the well-being of Latin America and the Caribbean by promoting macroeconomic and financial stability in the region.