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Keynes, Cocoa, and Copper : In Search of Commodity Currencies
Sahay, Ratna - 2002
commodity exports move together over time. Using IMF data on the world prices of 44 commodities and national commodity export …
Persistent link: https://www.econbiz.de/10014399722
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Commodity Prices : Cyclical Weakness or Secular Decline?
Wickham, Peter - 1994
Primary commodities still account for the bulk of exports in many developing countries. However, real commodity prices have been declining almost continuously since the early 1980s and there is evidence of renewed weakness. The appropriate policy response to a terms of trade shock depends...
Persistent link: https://www.econbiz.de/10014396445
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How Persistent Are Shocks to World Commodity Prices?
Liang, Hong - 1999
This paper examines the persistence of shocks to world commodity prices, using monthly IMF data on primary commodities …
Persistent link: https://www.econbiz.de/10014400416
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The relative volatility of commodity prices : a reappraisal
Arezki, Rabah; Lederman, Daniel; Zhao, Hongyan - 2011
Persistent link: https://www.econbiz.de/10009419717
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The Relative Volatility of Commodity Prices : A Reappraisal
Arezki, Rabah - 2011
This paper studies the volatility of commodity prices on the basis of a large dataset of monthly prices observed in international trade data from the United States over the period 2002 to 2011. The conventional wisdom in academia and policy circles is that primary commodity prices are more...
Persistent link: https://www.econbiz.de/10014397409
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China's Impacton World Commodity Markets
Roache, Shaun K. - 2012
effect on commodity prices. China’s impact on world commodity markets is rising but, perhaps surprisingly, remains smaller …Shocks to aggregate activity in China have a significant and persistent short-run impact on the price of oil and some … be more persistent and have larger effects on the rest of the world …
Persistent link: https://www.econbiz.de/10014396561
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A Framework for Price Statistics
Zieschang, Kimberly D. - 2000
This paper describes the primary framework associating the four principal price indices in the system of economic statistics—the Producer Price Index (PPI), the Consumer Price Index (CPI), and the Export and Import Price Indices (XPI and MPI)—with the macroeconomic value aggregates they...
Persistent link: https://www.econbiz.de/10014399800
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Commodity price shocks and financial sector fragility
Kinda, Tidiane; Mlachila, Montfort; Ouedraogo, Rasmané - 2016
This paper investigates the impact of commodity price shocks on financial sector fragility. Using a large sample of 71 commodity exporters among emerging and developing economies, it shows that negative shocks to commodity prices tend to weaken the financial sector, with larger shocks having...
Persistent link: https://www.econbiz.de/10011436781
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International commodity prices and domestic bank lending in developing countries
Agarwal, Isha; Duttagupta, Rupa; Presbitero, Andrea - 2017
We study the role of the bank-lending channel in propagating fluctuations in commodity prices to credit aggregates and economic activity in developing countries. We use data on more than 1,600 banks from 78 developing countries to analyze the transmission of changes in international commodity...
Persistent link: https://www.econbiz.de/10011763887
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Financial development resource curse in resource-rich countries : the role of commodity price shocks
Montfort, Mlachila; Ouedraogo, Rasmané - 2017
Why do commodity-dependent developing countries have typically lower levels of financial development than their peers? The literature has proposed many possible explanations, but it typically does not dwell on the deep mechanisms that drive such an outcome. In this paper, we argue that the main...
Persistent link: https://www.econbiz.de/10011705310