Proceedings of 5th Asia-Pacific Business Research Conference
17 - 18 February, 2014, Hotel Istana, Kuala Lumpur, Malaysia, ISBN: 978-1-922069-44-3
International Oil Price Volatility Risk from the Perspective of
Finance
Ying Ma* and Bin Wang**
Nowadays, the international oil price remains high and frequent fluctuations, the
global oil supply and demand risk has turned into the fluctuations of financial risk.
How to deal with the international oil price volatility risk has become a key problem of
the world economy. This paper calculated the value of the International oil price
volatility risk by using traditional ARCH model and SWARCH model. based on the
results which is calculated by the two modes, we can find that SWARCH model is
better on the prediction of international oil price volatility risk, that will have very
important reference meaning for making the corresponding rules and regulations,
and also important for expanding analysis of financial market.
_________________
*Dr. Ying Ma, School of Economics& Management, China University of Petroleum, China.
Email : my8125@163.com
** Dr. Bin Wang, College of Computer and Communication, China University of Petroleum, China.
Email: wangbin@upc.edu.cn