Managing Commodity Booms--and BustsWorld Bank, 1995 - 22 pages 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. |
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Page 7
... Colombia , too . Indonesia was also high up among the win- ners , with large gains in export revenues from rubber ( $ 400 million ) , palm oil ( $ 300 million ) , and coffee ( $ 300 million ) . At the top of the export revenue gainers ...
... Colombia , too . Indonesia was also high up among the win- ners , with large gains in export revenues from rubber ( $ 400 million ) , palm oil ( $ 300 million ) , and coffee ( $ 300 million ) . At the top of the export revenue gainers ...
Page 11
... Colombia in the late 1970s , when the government negotiated with the Coffee Growers Federation to get its members to ... Colombian Federation of Coffee Growers launched a diversification program in coffee growing areas . The Federation ...
... Colombia in the late 1970s , when the government negotiated with the Coffee Growers Federation to get its members to ... Colombian Federation of Coffee Growers launched a diversification program in coffee growing areas . The Federation ...
Page 15
... Colombia's tale of two booms In the past 20 years , Colombia has seen three major coffee booms - in 1976–80 , in 1986 , and again in 1994. The first two booms were handled in different ways . In the 1976-80 boom , inappropriate fiscal ...
... Colombia's tale of two booms In the past 20 years , Colombia has seen three major coffee booms - in 1976–80 , in 1986 , and again in 1994. The first two booms were handled in different ways . In the 1976-80 boom , inappropriate fiscal ...
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agricultural Analysis Unit benefits boom ends booming commodity booming sector booms and busts capital controls central bank claimants cocoa cocoa prices coffee boom coffee exporters Colombia Commodity boom bonds commodity exports Commodity Policy commodity-exporting countries copper prices costs Côte d'Ivoire current US dollars developing countries Dutch disease effects export commodity export revenues export taxes external debt farmers financial markets fiscal policies fluctuations foreign exchange inflows foreign reserves government revenues Groundnut oil import restrictions income International Economics Department investment LEARNING FROM EXPERIENCE manage booms manage commodity ments Metals and minerals monetary base monetary policies nonbooming oil prices options palm oil percent Policy and Analysis policymakers price declines price rises primary commodity prices private sector problems production programs real exchange rate reduced foreign debt Revenue stabilization funds risk management rubber savings in foreign short-term price Sub-Saharan Africa swaps Tanzania trade windfall gains windfall profit tax windfall revenues windfall tax World Bank