How should resource-rich economies handle the balance of payments adjustment required after commodity price declines? This paper addresses the question theoretically by developing a simple two-period multi-sector model based on Nakatani (2016) to compare different exchange rate policies, and...

Internationale Rohstoffabkommen sind bisher daran gescheitert, schwankende Erlöse langfristig zu stabilisieren. Da die Ursachen dieser Erlösschwankungen nicht beseitigt werden können, steht das Risikomanagement im Mittelpunkt. Mit Hilfe der Portfoliotheorie werden die Bedingungen des...

Frontmatter -- Contents -- Introduction. Commodity Chains in Theory and in Latin American History -- 1 The Spanish-American Silver Peso: Export Commodity and Global Money of the Ancien Regime, 1550-1800 -- 2 Indigo Commodity Chains in the Spanish and British Empires, 1560-1860 -- 3 Mexican...

Examining the commodity chains that have connected producers in Latin America with consumers around the world for 500 years, this work follows a specific commodity from its inception, through its development and transport, to its final destination in the hands of consumers