Author: Moḥ. Ābadura Rājjāka
Publisher: Commonwealth Secretariat
ISBN: 9780850928204
Category : Business & Economics
Languages : en
Pages : 186
Book Description
This study reveals the extent of persistent downward trends in commodity prices on least developed countries (LDCs), small vulnerable states (SVSs) and heavily indebted countries (HIPCs) and proposes a Joint Diversification Scheme exclusively for export diversification schemes in the commoditydependent poor countries. The report also proposes and outlines the establishment of a Joint Diversification Fund, in addition to regular aid flows as a longterm solution.
Commodity Prices, Aid and Debt
Author: Moḥ. Ābadura Rājjāka
Publisher: Commonwealth Secretariat
ISBN: 9780850928204
Category : Business & Economics
Languages : en
Pages : 186
Book Description
This study reveals the extent of persistent downward trends in commodity prices on least developed countries (LDCs), small vulnerable states (SVSs) and heavily indebted countries (HIPCs) and proposes a Joint Diversification Scheme exclusively for export diversification schemes in the commoditydependent poor countries. The report also proposes and outlines the establishment of a Joint Diversification Fund, in addition to regular aid flows as a longterm solution.
Publisher: Commonwealth Secretariat
ISBN: 9780850928204
Category : Business & Economics
Languages : en
Pages : 186
Book Description
This study reveals the extent of persistent downward trends in commodity prices on least developed countries (LDCs), small vulnerable states (SVSs) and heavily indebted countries (HIPCs) and proposes a Joint Diversification Scheme exclusively for export diversification schemes in the commoditydependent poor countries. The report also proposes and outlines the establishment of a Joint Diversification Fund, in addition to regular aid flows as a longterm solution.
Commodity Risk Management and Finance
Author: Theophilos Priovolos
Publisher: Oxford University Press, USA
ISBN:
Category : Business & Economics
Languages : en
Pages : 208
Book Description
Commodity-linked finance has expanded rapidly in the 1980s, but it has mainly been confined to entities in industrial countries. Creditworthiness questions, reinforced by debt overhang, handicap the developing countries in their access to this type of financing. To achieve better risk management in the commodity-dependent developing countries, the authors argue that commodity-linked financial measures have important advantages in the external financing of developing countries as compared to the traditional alternatives of foreign-currency-denominated, general obligation borrowing or direct foreign investment. The authors argue that commodity-linked financing allows developing countries that are overexposed to particular risks, relative to those in the world economy, to shift these risks to world capital markets on an ex ante basis. The study concludes by offering a number of strategic solutions involving the World Bank as an integral participant in both monitoring debt reduction and enacting a technical advice program to assist developing countries manage their financial risk.
Publisher: Oxford University Press, USA
ISBN:
Category : Business & Economics
Languages : en
Pages : 208
Book Description
Commodity-linked finance has expanded rapidly in the 1980s, but it has mainly been confined to entities in industrial countries. Creditworthiness questions, reinforced by debt overhang, handicap the developing countries in their access to this type of financing. To achieve better risk management in the commodity-dependent developing countries, the authors argue that commodity-linked financial measures have important advantages in the external financing of developing countries as compared to the traditional alternatives of foreign-currency-denominated, general obligation borrowing or direct foreign investment. The authors argue that commodity-linked financing allows developing countries that are overexposed to particular risks, relative to those in the world economy, to shift these risks to world capital markets on an ex ante basis. The study concludes by offering a number of strategic solutions involving the World Bank as an integral participant in both monitoring debt reduction and enacting a technical advice program to assist developing countries manage their financial risk.
Reviving the Case for GDP-Indexed Bonds
Author: Mr.Eduardo Borensztein
Publisher: International Monetary Fund
ISBN: 145197017X
Category : Business & Economics
Languages : en
Pages : 25
Book Description
This paper seeks to revive the case for countries to self-insure against economic growth slowdowns by issuing GDP-indexed bonds. We simulate the effects of GDP-indexed bonds under different assumptions about fiscal policy reaction functions and their output effects and find that they could substantially reduce the likelihood that debt/GDP paths become explosive. The insurance premium would likely be small, because cross-country comovement of GDP growth rates is low and cross-country GDP growth risk is thus largely diversifiable for an investor holding a portfolio of GDP-indexed bonds. Potential obstacles to the emergence of a market for these bonds include the verifiability of GDP data, the trade-off between insurance and moral hazard, and the need for liquidity. The paper discusses institutional fixes and suggests an approach to attempting to start up a market.
Publisher: International Monetary Fund
ISBN: 145197017X
Category : Business & Economics
Languages : en
Pages : 25
Book Description
This paper seeks to revive the case for countries to self-insure against economic growth slowdowns by issuing GDP-indexed bonds. We simulate the effects of GDP-indexed bonds under different assumptions about fiscal policy reaction functions and their output effects and find that they could substantially reduce the likelihood that debt/GDP paths become explosive. The insurance premium would likely be small, because cross-country comovement of GDP growth rates is low and cross-country GDP growth risk is thus largely diversifiable for an investor holding a portfolio of GDP-indexed bonds. Potential obstacles to the emergence of a market for these bonds include the verifiability of GDP data, the trade-off between insurance and moral hazard, and the need for liquidity. The paper discusses institutional fixes and suggests an approach to attempting to start up a market.
Code of Federal Regulations, Title 17, Commodity and Securities Exchanges, Pt. 1-199, Revised as of April 1, 2009
Author:
Publisher: Government Printing Office
ISBN: 9780160828690
Category : Business & Economics
Languages : en
Pages : 740
Book Description
The Code of Federal Regulations is a codification of the general and permanent rules published in the Federal Register by the Executive departments and agencies of the United States Federal Government.
Publisher: Government Printing Office
ISBN: 9780160828690
Category : Business & Economics
Languages : en
Pages : 740
Book Description
The Code of Federal Regulations is a codification of the general and permanent rules published in the Federal Register by the Executive departments and agencies of the United States Federal Government.
Beyond Lending
Author: Guillermo Perry
Publisher: CGD Books
ISBN: 1933286326
Category : Business & Economics
Languages : en
Pages : 110
Book Description
As the drafts of this book were coming together in early 2008, Guillermo Perry argued that developing countries remained highly vulnerable to external risks such as commodity price declines, capital flow reversals, and natural disasters. The economic crisis that has since ensued could not have proved his analysis more true: rather than fall into complacency as the short-term demand for traditional loans increases, multilateral development banks (MDBs) should move beyond lending to provide innovative risk-management tools for developing countries to manage volatility and create long-term stability. Book jacket.
Publisher: CGD Books
ISBN: 1933286326
Category : Business & Economics
Languages : en
Pages : 110
Book Description
As the drafts of this book were coming together in early 2008, Guillermo Perry argued that developing countries remained highly vulnerable to external risks such as commodity price declines, capital flow reversals, and natural disasters. The economic crisis that has since ensued could not have proved his analysis more true: rather than fall into complacency as the short-term demand for traditional loans increases, multilateral development banks (MDBs) should move beyond lending to provide innovative risk-management tools for developing countries to manage volatility and create long-term stability. Book jacket.
Getting Started in Commodities
Author: George A. Fontanills
Publisher: John Wiley & Sons
ISBN: 0470089490
Category : Business & Economics
Languages : en
Pages : 528
Book Description
Get this handy roadmap to making money in the commodities market. Getting Started in Commodities shows you how to successfully invest in the commodities market in futures, stocks, stock indices, and options. The book explains how the commodities market works as well as how investors can identify and track commodity opportunities -- using fundamental factors such as supply and demand and technical analysis tools. Fontanills, a seasoned trader and educator, also explains the basis of money management, teaches you how to find the best broker, and how to read seasonal chart patterns. Finally, he explores how to build a winning system and test and adjust it for success. Helpful appendices of contract specifications and additional readings are also included. George A. Fontanills (Miami, FL) is the President Emeritus of Optionetics, the world leader in options education and is also a retired hedge fund manager. Fontanills has written many books, including Trade Options Online (0-471-35938-6), The Volatility Course (0-471-39816-0), and The Volatility Course Workbook (0-471-39817-9).
Publisher: John Wiley & Sons
ISBN: 0470089490
Category : Business & Economics
Languages : en
Pages : 528
Book Description
Get this handy roadmap to making money in the commodities market. Getting Started in Commodities shows you how to successfully invest in the commodities market in futures, stocks, stock indices, and options. The book explains how the commodities market works as well as how investors can identify and track commodity opportunities -- using fundamental factors such as supply and demand and technical analysis tools. Fontanills, a seasoned trader and educator, also explains the basis of money management, teaches you how to find the best broker, and how to read seasonal chart patterns. Finally, he explores how to build a winning system and test and adjust it for success. Helpful appendices of contract specifications and additional readings are also included. George A. Fontanills (Miami, FL) is the President Emeritus of Optionetics, the world leader in options education and is also a retired hedge fund manager. Fontanills has written many books, including Trade Options Online (0-471-35938-6), The Volatility Course (0-471-39816-0), and The Volatility Course Workbook (0-471-39817-9).
Tracking Global Demand for Advanced Economy Sovereign Debt
Author: Mr.Serkan Arslanalp
Publisher: International Monetary Fund
ISBN: 1475596405
Category : Business & Economics
Languages : en
Pages : 62
Book Description
Recent events have shown that sovereigns, just like banks, can be subject to runs, highlighting the importance of the investor base for their liabilities. This paper proposes a methodology for compiling internationally comparable estimates of investor holdings of sovereign debt. Based on this methodology, it introduces a dataset for 24 major advanced economies that can be used to track US$42 trillion of sovereign debt holdings on a quarterly basis over 2004-11. While recent outflows from euro periphery countries have received wide attention, most sovereign borrowers have continued to increase reliance on foreign investors. This may have helped reduce borrowing costs, but it can imply higher refinancing risks going forward. Meanwhile, advanced economy banks’ exposure to their own government debt has begun to increase across the board after the global financial crisis, strengthening sovereign-bank linkages. In light of these risks, the paper proposes a framework—sovereign funding shock scenarios (FSS)—to conduct forward-looking analysis to assess sovereigns’ vulnerability to sudden investor outflows, which can be used along with standard debt sustainability analyses (DSA). It also introduces two risk indices—investor base risk index (IRI) and foreign investor position index (FIPI)—to assess sovereigns’ vulnerability to shifts in investor behavior.
Publisher: International Monetary Fund
ISBN: 1475596405
Category : Business & Economics
Languages : en
Pages : 62
Book Description
Recent events have shown that sovereigns, just like banks, can be subject to runs, highlighting the importance of the investor base for their liabilities. This paper proposes a methodology for compiling internationally comparable estimates of investor holdings of sovereign debt. Based on this methodology, it introduces a dataset for 24 major advanced economies that can be used to track US$42 trillion of sovereign debt holdings on a quarterly basis over 2004-11. While recent outflows from euro periphery countries have received wide attention, most sovereign borrowers have continued to increase reliance on foreign investors. This may have helped reduce borrowing costs, but it can imply higher refinancing risks going forward. Meanwhile, advanced economy banks’ exposure to their own government debt has begun to increase across the board after the global financial crisis, strengthening sovereign-bank linkages. In light of these risks, the paper proposes a framework—sovereign funding shock scenarios (FSS)—to conduct forward-looking analysis to assess sovereigns’ vulnerability to sudden investor outflows, which can be used along with standard debt sustainability analyses (DSA). It also introduces two risk indices—investor base risk index (IRI) and foreign investor position index (FIPI)—to assess sovereigns’ vulnerability to shifts in investor behavior.
Code of Federal Regulations, Title 17, Commodity and Securities Exchanges, Pt. 1-199, Revised as of April 1, 2010
Author:
Publisher: Government Printing Office
ISBN: 9780160853661
Category : Business & Economics
Languages : en
Pages : 740
Book Description
The Code of Federal Regulations is a codification of the general and permanent rules published in the Federal Register by the Executive departments and agencies of the United States Federal Government.
Publisher: Government Printing Office
ISBN: 9780160853661
Category : Business & Economics
Languages : en
Pages : 740
Book Description
The Code of Federal Regulations is a codification of the general and permanent rules published in the Federal Register by the Executive departments and agencies of the United States Federal Government.
Speculation by Commodity Index Funds
Author: Scott H. Irwin
Publisher: CABI
ISBN: 1800622082
Category : Business & Economics
Languages : en
Pages : 279
Book Description
Commodity futures prices exploded in 2007-2008 and concerns about a new type of speculative participant in commodity futures markets began to emerge. The main argument was that unprecedented buying pressure from new "commodity index" investors created massive bubbles that resulted in prices substantially exceeding fundamental value. At the time, it was not uncommon to link concerns about speculation and high prices to world hunger, food crises, and civil unrest. Naturally, this outcry resulted in numerous regulatory proposals to restrict speculation in commodity futures markets. This book presents important research on the impact of index investment on commodity futures prices that the authors conducted over the last fifteen years. The eleven articles presented in the book follow the timeline of our involvement in the world-wide debate about index funds as it evolved after 2007. We also include an introductory chapter, new author forewords for each article chapter, and a lessons learned chapter to round out the book. Policy-makers, researchers, and market participants will find the book not only functions as useful documentation of the debate; but, also as a natural starting point when high commodity prices inevitably create the next speculation backlash.
Publisher: CABI
ISBN: 1800622082
Category : Business & Economics
Languages : en
Pages : 279
Book Description
Commodity futures prices exploded in 2007-2008 and concerns about a new type of speculative participant in commodity futures markets began to emerge. The main argument was that unprecedented buying pressure from new "commodity index" investors created massive bubbles that resulted in prices substantially exceeding fundamental value. At the time, it was not uncommon to link concerns about speculation and high prices to world hunger, food crises, and civil unrest. Naturally, this outcry resulted in numerous regulatory proposals to restrict speculation in commodity futures markets. This book presents important research on the impact of index investment on commodity futures prices that the authors conducted over the last fifteen years. The eleven articles presented in the book follow the timeline of our involvement in the world-wide debate about index funds as it evolved after 2007. We also include an introductory chapter, new author forewords for each article chapter, and a lessons learned chapter to round out the book. Policy-makers, researchers, and market participants will find the book not only functions as useful documentation of the debate; but, also as a natural starting point when high commodity prices inevitably create the next speculation backlash.
Derivatives
Author:
Publisher: PediaPress
ISBN:
Category :
Languages : en
Pages : 1295
Book Description
Publisher: PediaPress
ISBN:
Category :
Languages : en
Pages : 1295
Book Description