Commodity Price Cycles

preview-18
  • Commodity Price Cycles Book Detail

  • Author : Gustavo Adler
  • Release Date : 2011-12-01
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 39
  • ISBN 13 : 1463926642
  • File Size : 44,44 MB

Commodity Price Cycles by Gustavo Adler PDF Summary

Book Description: Commodity-exporting countries have significantly benefited from the commodity price boom of recent years. At the current juncture, however, uncertain global economic prospects have raised questions about their vulnerability to a sharp fall in commodity prices and the policies that can shield it from such a shock. To address these questions, this paper takes a long term (4 decade) view at emerging markets' commodity dependence, the history of commodity price busts and the role of policies in mitigating or amplifying their economic impact. The paper highlights the stark difference in trends between Latin America - one of the most vulnerable regions given its high, and rising, commodity dependence - and emerging Asia - which has evolved from being a net exporter to a net importer of commodities in the last 40 years. We find evidence, however, that while commodity dependence is an important ingredient, a country's ultimate degree of vulnerability to commodity price shocks is to a great extent determined by the flexibility and quality of its policy framework. Policies in the run-up of sharp terms-of-trade drops - especially when those are preceded by booms - play a particularly important role. Limited exchange rate flexibility, a weak external position, and loose fiscal policy tend to amplify the negative effects of these shocks on domestic output. Financial dollarization also appears to act as a shock "amplifier."

Disclaimer: www.yourbookbest.com does not own Commodity Price Cycles books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

Commodity Price Cycles

Commodity Price Cycles

File Size : 1,1 MB
Total View : 6488 Views
DOWNLOAD

Commodity-exporting countries have significantly benefited from the commodity price boom of recent years. At the current juncture, however, uncertain global eco

Commodity Price Cycles

Commodity Price Cycles

File Size : 59,59 MB
Total View : 8698 Views
DOWNLOAD

This paper studies commodity price cycles and their underlying drivers using a dynamic factor model. The study employs a sample of 39 monthly commodity prices o

Commodity Prices and Markets

Commodity Prices and Markets

File Size : 70,70 MB
Total View : 1687 Views
DOWNLOAD

Fluctuations of commodity prices, most notably of oil, capture considerable attention and have been tied to important economic effects. This book advances our u

Booms and Slumps in World Commodity Prices

Booms and Slumps in World Commodity Prices

File Size : 85,85 MB
Total View : 7376 Views
DOWNLOAD

This paper examines the duration and magnitude of commodity-price cycles. It finds that for most commodities, price slumps last longer than price booms. How far