Download or read book Hedging Commodity Price Risks in Papua New Guinea written by Stijn Claessens and published by . This book was released on 1991 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: With increasing awareness of commodity price risks and with technical assistance - strategic advice and assistance in institution building and skills training - developing countries such as Papua New Guinea can learn to use market- based commodity- linked financial instruments to improve their economic management.
Download or read book Managing Commodity Price Risk in Developing Countries written by Stijn Claessens and published by World Bank Publications. This book was released on 1993 with total page 490 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Is There Excess Co movement of Primary Commodity Prices written by Theodosios B. Palaskas and published by World Bank Publications. This book was released on 1991 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Macro Hedging for Commodity Exporters written by Mr.Damiano Sandri and published by International Monetary Fund. This book was released on 2009-10-01 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses a dynamic optimization model to estimate the welfare gains of hedging against commodity price risk for commodity-exporting countries. The introduction of hedging instruments such as futures and options enhances domestic welfare through two channels. First, by reducing export income volatility and allowing for a smoother consumption path. Second, by reducing the country's need to hold foreign assets as precautionary savings (or by improving the country's ability to borrow against future export income). Under plausibly calibrated parameters, the second channel may lead to much larger welfare gains, amounting to several percentage points of annual consumption.
Download or read book Oil Price Instability Hedging and an Oil Stabilization Fund written by Stijn Claessens and published by World Bank Publications. This book was released on 1994 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Venezuela could use market- based risk management instruments to reduce short- run risk on oil prices and to complement an oil stabilization fund. Using such instruments would decrease the probability that the stabilization fund would run out of funds, and the fund could be significantly smaller.
Download or read book A Macroeconomic Model of Papua New Guinea written by C. Kannapiran and published by . This book was released on 1998 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Optimal Hedging Strategy Re visited written by Ying Qian and published by World Bank Publications. This book was released on 1994 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: The optimal portfolio model for hedging commodity price and exchange rate risks is extended to nonstationary economic time series data. The new approach corrects the problem of unstable solutions often found with earlier models using economic time series that are nonstationary.
Download or read book The CEA System of Trade and Paymetns written by Martin Schrenk and published by World Bank Publications. This book was released on 1991 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Papua New Guinea written by ANUTECH, Pty Ltd and published by . This book was released on 1995 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a critical assessment of Papua New Guinea's investment policies from the early 1980s to 1994 and puts forward recommendations for improving the investment climate. Focuses on management of mineral resources, financial sector development, and policies affecting foreign direct investment.
Download or read book Framework for Macroeconomic Analysis written by Colin A. Bruce and published by World Bank Publications. This book was released on 1991 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: Models of the RMSM-X genre can-- while preserving their logical structure-- incorporate behavioral equations and provide useful insights into policy actions that would correct internal and external macroeconomic imbalances.
Download or read book Sustaining Export Oriented Development written by Ross Garnaut and published by Cambridge University Press. This book was released on 1995-09-29 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, first published in 1995, looks at the East Asian economies' post-war development and assesses the possibilities of transferring East Asian development elsewhere. Written and edited by economists, Sustaining Export-Oriented Development traces the changes in the thinking of policy makers and advisers about the policies required for economic development - especially the changed emphasis from import-substitution to outward-orientation which coincided with the East Asian economies' success. Several contributors focus on identifying the key factors in the growth of these dynamic economies. Others look at future constraints such as the environmental limits to growth and the sustainability of export growth in China. This book makes a significant contribution to the discussion of economic growth and development issues and will be of interest to those in economics, trade and aid, and others concerned with public policy.
Download or read book Estimating Returns to Scale with Large Imperfect Panels written by James R. Tybout and published by World Bank Publications. This book was released on with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Managing the Transition written by Eric Rice and published by World Bank Publications. This book was released on 1991 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: The consensus of dozens of Bank and outside experts on issues and measures essential to government reform in six Eastern European economies changing to a market economy - and on how external agencies can best aid the reform process.
Download or read book dealing with commodity price uncertainty written by Panos Varangis and published by World Bank Publications. This book was released on 1996 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Commodity Risk Management and Finance written by Theophilos Priovolos and published by Oxford University Press, USA. This book was released on 1991 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Commodity-linked finance has expanded rapidly in the 1980s, but it has mainly been confined to entities in industrial countries. Creditworthiness questions, reinforced by debt overhang, handicap the developing countries in their access to this type of financing. To achieve better risk management in the commodity-dependent developing countries, the authors argue that commodity-linked financial measures have important advantages in the external financing of developing countries as compared to the traditional alternatives of foreign-currency-denominated, general obligation borrowing or direct foreign investment. The authors argue that commodity-linked financing allows developing countries that are overexposed to particular risks, relative to those in the world economy, to shift these risks to world capital markets on an ex ante basis. The study concludes by offering a number of strategic solutions involving the World Bank as an integral participant in both monitoring debt reduction and enacting a technical advice program to assist developing countries manage their financial risk.
Download or read book African Financing Needs in the 1990s written by and published by World Bank Publications. This book was released on 1991 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: Africa's external financing problem is much more than a structural imbalance between imports and exports. Debt relief measures will be an important source of financing.
Download or read book Economic Crisis Structural Adjustment and Health in Africa written by François Pathé Diop and published by World Bank Publications. This book was released on 1991 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Has the economic crisis of the 1980s in Sub-Saharan Africa increased mortality or at least reduced its rate of decline? Nationally, no. But the urban poor suffered more, the rural nonpoor less.
