Managing Terms of Trade Volatility

Managing Terms of Trade Volatility

Terms of trade shocks may slow growth, worsen the distribution of income, and raise the odds of highly disruptive currency crises. This note raises questions on how can countries cope with terms of trade shocks; if commodity price stabilization fun...

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Bibliographic Details
Main Author: Hausmann, Ricardo
Format: Brief
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
TRADE DEFICITS
ECONOMIC SHOCKS
ECONOMIC MANAGEMENT
INCOME DISTRIBUTION
CURRENCY STABILIZATION FUNDS
TERMS OF TRADE
COMMODITY PRICING POLICY
PRIVATE SECTOR MANAGEMENT
HEDGING
BANKING SYSTEMS
CAPITAL REQUIREMENTS
LIQUIDITY CONTROLS
DOMESTIC MARKETS
FISCAL EFFICIENCY
PUBLIC SPENDING
DEFICITS
SOLVENCY
SELF-INSURANCE
COMMODITY STABILIZATION FUNDS
LEGAL & REGULATORY FRAMEWORK
INSTITUTIONAL FRAMEWORK
RISK MANAGEMENT CONSTITUENCIES
CURRENCY
CURRENCY CRISES
DEBT
DEVELOPMENT ECONOMICS
DOMESTIC BANKING SYSTEM
ECONOMIC ENVIRONMENT
ECONOMIC IMPACT
ECONOMIC POLICY
EXCHANGE RATE
EXCHANGE RATE REGIMES
EXTERNAL ENVIRONMENT
EXTERNAL SHOCKS
FINANCIAL CRISIS
FINANCIAL SYSTEM
FISCAL
FISCAL DEFICIT
FISCAL POLICY
FUNGIBILITY
GOVERNMENT OFFICIALS
HUMAN CAPITAL
INCOME
INSTITUTIONAL ARRANGEMENTS
INSTITUTIONAL REFORM
INSTITUTIONAL REFORMS
INSURANCE
INTERNATIONALIZATION
LIQUIDITY
MACROECONOMIC SHOCKS
MACROECONOMIC STABILITY
MACROECONOMIC VOLATILITY
OIL
POLITICAL ECONOMY
POVERTY REDUCTION
PRESIDENCY
PRIVATE SECTOR
PUBLIC SECTOR
REAL EXCHANGE
REAL EXCHANGE RATE
RISK MANAGEMENT
SLOW GROWTH
STABILIZATION
TERMS OF TRADE SHOCKS
TRANSPARENCY
VULNERABILITY
Online Access:http://documents.worldbank.org/curated/en/1999/02/717482/managing-terms-trade-volatility
http://hdl.handle.net/10986/11495

Internet

http://documents.worldbank.org/curated/en/1999/02/717482/managing-terms-trade-volatility
http://hdl.handle.net/10986/11495

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