Panos Varangis
Managing commodity booms--and busts
Panos Varangis · 1995
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In developing countries dependent on a few commodities for their exports, booming commodity markets can be beneficial or detrimental depending how they manage the windfalls. Two key problems need to be addressed: the fluctuations in income, and transitory bonanzas in foreign exchange earnings. This second effect, in particular, is likely to cause the exchange rate to appreciate above its long-term sustainable level. - Foreword.
Book details
- Year
- 1995
- Language
- English
- Series
- Directions in development
- Publisher
- World Bank
- Editions
- 1
- Pages
- 22
- ISBN
- 9780821334898
Data source: Wikidata