International commodity problems and schemes for international compensatory financing
Several economic and political problems have arisen from the fall in commodity prices over the last ten years. The existing international commodity agreements, while useful, in practice face several difficulties. For this reason, the article proposes a development insurance fund to stabilize export...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2014-03-01
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| Series: | PSL Quarterly Review |
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| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11920 |
| Summary: | Several economic and political problems have arisen from the fall in commodity prices over the last ten years. The existing international commodity agreements, while useful, in practice face several difficulties. For this reason, the article proposes a development insurance fund to stabilize export proceeds. These schemes do not attempt to influence the terms of trade or to stabilize market price or output. Therefore, their operation in relation to commodity agreements requires further investigation.
JEL: F10, F31, F33, F42
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| ISSN: | 2037-3635 2037-3643 |