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Author: Daniel P. Ahn
Publisher: MIT Press
ISBN: 0262347881
Category : Business & Economics
Languages : en
Pages : 229
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Book Description
A rigorous but practical introduction to the economic, financial, and political principles underlying commodity markets. Commodities have become one of the fastest growing asset classes of the last decade and the object of increasing attention from investors, scholars, and policy makers. Yet existing treatments of the topic are either too theoretical, ignoring practical realities, or largely narrative and nonrigorous. This book bridges the gap, striking a balance between theory and practice. It offers a solid foundation in the economic, financial, and political principles underlying commodities markets. The book, which grows out of courses taught by the author at Columbia and Johns Hopkins, can be used by graduate students in economics, finance, and public policy, or as a conceptual reference for practitioners. After an introduction to basic concepts and a review of the various types of commodities—energy, metals, agricultural products—the book delves into the economic and financial dynamics of commodity markets, with a particular focus on energy. The text covers fundamental demand and supply for resources, the mechanics behind commodity financial markets, and how they motivate investment decisions around both physical and financial portfolio exposure to commodities, and the evolving political and regulatory landscape for commodity markets. Additional special topics include geopolitics, financial regulation, and electricity markets. The book is divided into thematic modules that progress in complexity. Text boxes offer additional, related material, and numerous charts and graphs provide further insight into important concepts.
Author: Daniel P. Ahn
Publisher: MIT Press
ISBN: 0262347881
Category : Business & Economics
Languages : en
Pages : 229
Get Book Here
Book Description
A rigorous but practical introduction to the economic, financial, and political principles underlying commodity markets. Commodities have become one of the fastest growing asset classes of the last decade and the object of increasing attention from investors, scholars, and policy makers. Yet existing treatments of the topic are either too theoretical, ignoring practical realities, or largely narrative and nonrigorous. This book bridges the gap, striking a balance between theory and practice. It offers a solid foundation in the economic, financial, and political principles underlying commodities markets. The book, which grows out of courses taught by the author at Columbia and Johns Hopkins, can be used by graduate students in economics, finance, and public policy, or as a conceptual reference for practitioners. After an introduction to basic concepts and a review of the various types of commodities—energy, metals, agricultural products—the book delves into the economic and financial dynamics of commodity markets, with a particular focus on energy. The text covers fundamental demand and supply for resources, the mechanics behind commodity financial markets, and how they motivate investment decisions around both physical and financial portfolio exposure to commodities, and the evolving political and regulatory landscape for commodity markets. Additional special topics include geopolitics, financial regulation, and electricity markets. The book is divided into thematic modules that progress in complexity. Text boxes offer additional, related material, and numerous charts and graphs provide further insight into important concepts.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451943067
Category : Business & Economics
Languages : en
Pages : 104
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Book Description
This paper provides an analysis of recent developments relating to the major nonfuel primary commodities entering international trade. Particular attention is given to market price movements in 1986 and to the factors underlying these movements. In the case of some agricultural markets, changes in commodity-specific policies of industrial countries have also had the effect of increasing supplies and competition for markets. The other factors, including rates of inflation, exchange rate changes, and interest rates, have also influenced commodity prices, at least when measured in nominal dollar terms. The evolution of economic activity in the industrial countries is most relevant in explaining movements in prices of metals and other raw materials used in industry, while movements in prices of food and beverages are better explained by supply factors. Changes in production capacity resulting from investment decisions made in earlier years can have an important influence on commodity prices.
Author: United States. Department of Agriculture. Production and Marketing Administration
Publisher:
ISBN:
Category : Food industry and trade
Languages : en
Pages : 100
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Book Description
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451943083
Category : Business & Economics
Languages : en
Pages : 116
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Book Description
This paper provides an analysis of recent developments relating to the major nonfuel primary commodities traded in international markets. Particular attention is given to market price movements and the factors underlying these movements. A number of adjustments in the international trading environment in which commodity prices are determined occurred in 1987, and even more significant changes are expected in the years ahead. Some of the adjustments in the past year affected only bilateral trading arrangements, while others, such as certain initiatives undertaken in the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) negotiations and those relating to some international commodity agreements were of a multilateral nature. The present round, the eighth in a series of GATT negotiations held since 1947, involves two elements that are of particular relevance to international trade in commodities. Although only small changes were made in 1987 in the various multilateral schemes that exist to compensate countries for export earnings shortfalls, a significant increase in such financing in 1987 had the effect of stabilizing many developing countries’ export earnings, thereby maintaining their capacity to import and buoying world trade.
Author: L. Alan Winters
Publisher: Cambridge University Press
ISBN: 9780521385503
Category : Business & Economics
Languages : en
Pages : 334
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Book Description
Commodity markets are of considerable interest and importance to economists, econometricians and dealers. This book reports the proceedings of an international conference on 'Primary Commodity Prices: Economic Models and Policy', held in London under the auspices of the Centre for Economic Policy Research in March 1989. A range of papers by leading international authorities covers topics such as expectations formation in econometric commodity market models; price determination in the market for aluminium; the estimation of dynamic disequilibrium models with rational expectations; and a comparison of forward markets and buffer stocks as commodity earnings stabilizers. A key feature of this stock is its development of the policy implications of theoretical and empirical work in the field of commodity economics. Most papers are accompanied by discussant's comments to draw out their technical and policy implications. The book's readership will include commodity economists, commodity market practitioners and policy analysis, as well as professionals and advanced students interested in the fields of applied econometrics, economic development and international trade.
Author: Inderjit Singh
Publisher:
ISBN:
Category : Agricultural industries
Languages : en
Pages : 360
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Book Description
This book presents the basic model of an agricultural household that underlies most of the case studies undertaken so far. The model assumes that households are price-takers and is therefore recursive. The decisions modeled include those affecting production and the demand for inputs and those affecting consumption and the supply of labor. Comparative results on selected elasticities are presented for a number of economies. The empirical significance of the approach is demonstrated in a comparison of models that treat production and consumption decisions separately and those in which the decisionmaking process is recursive. The book summarizes the implications of agricultural pricing policy for the welfare of farm households, marketed surplus, the demand for nonagricultural goods and services, the rural labor market, budget revenues, and foreign exchange earnings. In addition, it is shown that the basic model can be extended in order to explore the effects of government policy on crop composition, nutritional status, health, saving, and investment and to provide a more comprehensive analysis of the effects on budget revenues and foreign exchange earnings. Methodological topics, primarily the data requirements of the basic model and its extensions, along with aggregation, market interaction, uncertainty, and market imperfections are discussed. The most important methodological issues - the question of the recursive property of these models - is also discussed.
Author: Ms.Margaret Garritsen De Vries
Publisher: International Monetary Fund
ISBN: 9780939934935
Category : Business & Economics
Languages : en
Pages : 360
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Book Description
Written by Margaret Garritsen de Vries, former Historian of the IMF, the book describes the policies and activities the IMF has pursued in helping members achieve balane of payments adjustment. Separate treatment is given to industrial and developing countries, since their balance of payments problems have differed. As examples, Japan, France, the United Kingdom, Colombia, and Mexico as discussed.
Author: Angelique Haugerud
Publisher: Rowman & Littlefield Publishers
ISBN: 0742574180
Category : Social Science
Languages : en
Pages : 260
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Book Description
TodayOs growing fascination with flows of people, commodities, technology, capital, images and ideas across national and other boundaries poses fresh theoretical and methodological challenges to anthropology. Commodities offer a particularly useful window on globalization because they, unlike electronically conveyed capital, transport cultural messages. These ideological or symbolic transfers are of particular interest to economic anthropology. This collection considers how conceptions and roles of commodities may change in response to widening spheres of economic interaction and exchange. The essays in this volume are ordered under two themes. Those included in the first section, OCommodities in a Globalizing Marketplace,O address historically and culturally defined variations in meanings and practices associated with commodities in globalizing markets. In Part Two, OThe Circulation and Revaluation of CommoditiesO, contributors analyze how commodity producersO experiences are informed by colonial and post-colonial history, state directives in the marketplace, and locations in dependent or marginalized regions. The chapters all focus on the production process as it responds to, is distorted by and increasingly is controlled by the determination of the value of those commodities outside a OlocalityO.
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1451944810
Category : Business & Economics
Languages : en
Pages : 208
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Book Description
The World Economic Outlook (WEO) presents the IMF’s leading economists’ analyses of global economic developments during the near and medium terms. It is a respected, one-stop, trusted resource offering remarkable insight, balance, and perspective to decision makers and policymakers worldwide. Published twice yearly, the World Economic Outlook presents the outlook for growth, inflation, trade, employment, and other economic developments in a clear, practical format. Each WEO considers the issues affecting advanced, emerging market, and developing economies. Central bankers, economists, Financial institutions, business leaders, governments, think tanks, and researchers eagerly await this unique investigation of what’s happening and what’s ahead.
Author: Roman Grynberg
Publisher: Oxford University Press
ISBN: 0199234701
Category : Business & Economics
Languages : en
Pages : 366
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Book Description
Presenting a complete analysis of the issues surrounding commodity prices and development, this study provides a number of recommendations and policy prescriptions to address the unique set of development issues faced by countries reliant on only a handful of commodities for export earnings.
