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Optimal Commodity Trading with a Capacitated Storage Asset

Secomandi, Nicola - In: Management Science 56 (2010) 3, pp. 449-467

This paper considers the so-called warehouse problem with both space and injection/withdrawal capacity limits. This is a foundational problem in the merchant management of assets for the storage of commodities, such as energy sources and natural resources. When the commodity spot price evolves...

Persistent link: https://www.econbiz.de/10009197805

Oil-Price Boom and Real Exchange Rate Appreciation; Is there Dutch Disease in the Cemac?

International Monetary Fund (IMF); International … - 2011

The paper employs a heuristic comparative approach suggested by Ismail (2009) to search for evidence of Dutch disease in oil-rich countries of the Central African Economic and Monetary Community (CEMAC). While these countries have benefitted from high international oil prices in recent years,...

Persistent link: https://www.econbiz.de/10009370557

Algeria; Selected Issues

International Monetary Fund (IMF); International … - 2005

This Selected Issues paper on Algeria reports that the authorities have relied on an expansionary fiscal stance to stimulate growth and employment, but structural reforms have virtually stalled. Although the economy has recorded increasing growth, the nonhydrocarbon sector remains small and...

Persistent link: https://www.econbiz.de/10005591638

Syrian Arab Republic; 2005 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion

International Monetary Fund (IMF); International … - 2005

prices starting in mid-1999 helped maintain financial stability in the face of declining oil production. Government policies …

Persistent link: https://www.econbiz.de/10005768538

United Arab Emirates; 2005 Article IV Consultationâ€”Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the United Arab Emirates

International Monetary Fund (IMF); International … - 2005

The 2005 Article IV Consultation for the United Arab Emirates reports that the prices in real estate and stock markets, have soared aided by stronger economic fundamentals and investor optimism. An outward-oriented development strategy and prudent financial policies have resulted in impressive...

Persistent link: https://www.econbiz.de/10005768629

Natural-Resource Depletion, Habit Formation, and Sustainable Fiscal Policy; Lessons From Gabon

Olters, Jan-Peter; Leigh, Daniel - International Monetary Fund (IMF) - 2006

While models based on Friedman's (1957) permanent-income hypothesis can provide oilproducing countries with long-run fiscal targets, they usually abstract from short-run costs associated with consolidation. This paper proposes a model that takes such adjustment costs (or "habits") into account....

Persistent link: https://www.econbiz.de/10005768876

Energy, the Exchange Rate, and the Economy; Macroeconomic Benefits of Canada'S Oil Sands Production

Bayoumi, Tamim; Mühleisen, Martin - International Monetary Fund (IMF) - 2006

This paper describes potential benefits from Canada's expanding oil sands production, higher energy exports, and …

Persistent link: https://www.econbiz.de/10005599560

Forecasting Accuracy of Crude Oil Futures Prices

Kumar, Manmohan S. - International Monetary Fund (IMF) - 1991

This paper undertakes an investigation into the efficiency of the crude oil futures market and the forecasting accuracy of futures prices. Efficiency of the market is analysed in terms of the expected excess returns to speculation in the futures market. Accuracy of futures prices is compared...

Persistent link: https://www.econbiz.de/10005599690

Modeling Macro-Critical Energy Sectors in Low-Income Countries; A General Framework and An Application to Côte D'Ivoire

Fabig, Holger - International Monetary Fund (IMF) - 2008

as consisting of the three subsectors of crude oil and natural gas production, refinery, and electricity production. It … revenue. Among the key problems are partially intransparent production sharing arrangements for hydrocarbon production, price … distortions for natural gas, administered prices for refined petroleum products, underfunding and lack of investment in the …

Persistent link: https://www.econbiz.de/10005604798

Emergence of the Gulf of Guinea in the Global Economy; Prospects and Challenges

Mañe, Damian Ondo - International Monetary Fund (IMF) - 2005

The Gulf of Guinea's tremendous potential is creating investment opportunities for the region. Some of its resources, such as oil, minerals, and forests, continue to attract significant investments whereas others, like natural gas, could be exploited to their full potential if necessary...

Persistent link: https://www.econbiz.de/10005605427