Managing Commodity Price Risk in Developing Countries - Rilegato

World Bank

 
9780801846625: Managing Commodity Price Risk in Developing Countries

Sinossi

Primary commodities represent more than one-half of the export earnings of many developing countries. The large fluctuations that can occur in the prices of such commodities are therefore a main economic difficulty for these countries. New financial techniques can lower the risk caused by these price changes over longer periods and allow financial obligations to be linked to commodity prices. But few developing countries have used these techniques. This book shows policymakers in developing countries how to use the full range of new and established financial techniques. Through case studies, it provides detailed information about the techniques, analyzes the institutional constraints on them, and illustrates the kinds of technical assistance needed to make good use of them. It also describes the instruments, the markets, and the current regulatory framework. For the past several years, the World Bank has assisted developing countries in managing commodity price risk. The book draws extensively on the lessons learned from this assistance to demonstrate that developing countries can benefit significantly from using financial techniques to manage their risk.

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L'autore

Stijn Claessens is the senior economist in the Debt and International Finance Division of the International Economics Department of the World Bank. Ronald C. Duncan is chief of the International Trade Division of the International Economics Department of the World Bank.

Product Description

Book by Claessens Professor Stijn Duncan Professor Ronald

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