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Sources of Volatility during Four Oil Price Crashes
Baffes, John - 2015
Previous sharp oil price declines have been accompanied by elevated ex post volatility. In contrast, volatility was much less elevated during the oil price crash in 2014/15. This paper provides evidence that oil prices declined in a relatively measured manner during 2014/15, with dispersion of...
Persistent link: https://www.econbiz.de/10012245707
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Adding fuel to the fire : cheap oil during the COVID-19 pandemic
Wheeler, Collette Mari; Baffes, John; Kabundi, Alain; … - 2020
The outbreak of COVID-19 and the wide-ranging measures needed to slow its advance triggered an unprecedented collapse in oil demand, a surge in oil inventories, and a record one-month decline in oil prices in March 2020. This paper examines the likely implications of the 2020 oil price plunge...
Persistent link: https://www.econbiz.de/10012257329
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Sharing Oil Rents and Political Violence
Cordella, Tito - 2016
This paper investigates how the devolution of oil windfalls affects the likelihood of political violence. It shows that transferring large shares of oil wealth can prevent conflict, while transferring small shares can trigger it. Among the different transfer schemes, fiscal transfers (to...
Persistent link: https://www.econbiz.de/10012245563
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Implications of cheap oil for emerging markets
Kabundi, Alain; Ohnsorge, Franziska - 2020
The COVID-19-triggered collapse in oil prices in March and April 2020 was the seventh, and by far the most severe, in a series of such collapses since 1970. This paper, first, compares this most recent collapse and its drivers with previous ones in an event study. It finds that it was associated...
Persistent link: https://www.econbiz.de/10012388647
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The 2014–16 oil price collapse in retrospect sources and implications
Stocker, Marc; Baffes, John; Some, Y. Modeste; Vorisek, Dana - 2018
With the benefit of hindsight, this paper provides a fresh and comprehensive look at the causes of the 2014-16 collapse in oil prices and its impact on the global economy. It disentangles the contribution of supply and demand factors, assesses the impact on activity in oil exporters and oil...
Persistent link: https://www.econbiz.de/10011866289
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Russian Economic Report, No. 24, March 2011 : Sustaining Reforms under the Oil Windfall
World Bank - 2011
Despite the recent slowdown, the underlying growth of the global economy remains solid. After a 4 percent growth in 2010, Russia's real output is expected to grow 4.4 percent in 2011, increasingly driven by domestic demand. Russia's households have absorbed the food price shock thanks to a...
Persistent link: https://www.econbiz.de/10012247596
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Measuring the statistical capacity of nations
Cameron, Grant J.; Dang, Hai-Anh H.; Mustafa, Dinc; … - 2019
The international development community has used the World Bank's Statistical Capacity Index since its inception in …
Persistent link: https://www.econbiz.de/10012002694
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Balancing Petroleum Policy : Toward Value, Sustainability, and Security
Huurdeman, Alexander - 2009
Petroleum discovery in a country presents its policy makers with a challenging and complex task: formulating and … agreeing on policies that will shape the country's petroleum sector and guide the translation of the newly discovered resources … into equitable and sustainable economic and social growth for the nation over the long term. Balancing Petroleum Policy …
Persistent link: https://www.econbiz.de/10012644205
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A Cross-Country Database of Fiscal Space
Kose, M Ayhan - 2017
This paper presents a comprehensive cross-country database of fiscal space, broadly defined as the availability of budgetary resources for a government to service its financial obligations. The database covers up to 200 countries over the period 1990-2016, and includes 28 indicators of fiscal...
Persistent link: https://www.econbiz.de/10012245802
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The Little Data Book on Information and Communication Technology 2015
2015 - Online-Ausg.
This Little Data Book on Information and Communications Technology 2015 presents tables for over 213 economies showing the most recent national data on key indicators of information and communications technology (ICT), including access, quality, affordability, efficiency,sustainability, and...
Persistent link: https://www.econbiz.de/10012245190