Stabilization of International Commodity Markets
Author: Paul Hallwood
Publisher: JAI Press
Published: 1979
Total Pages: 258
ISBN-13:
DOWNLOAD EBOOK →Lanterna Rally
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Stabilizing World Commodity Markets
Author: Francis Gerard Adams
Publisher: Free Press
Published: 1978
Total Pages: 372
ISBN-13:
DOWNLOAD EBOOK →Stabilizing Speculative Commodity Markets
Author: S. Ghosh
Publisher: Oxford University Press, USA
Published: 1987
Total Pages: 466
ISBN-13:
DOWNLOAD EBOOK →After briefly reviewing the problems caused by commodity price instability, the authors develop a mathematical model for commodity markets. The implications of this model for intervention and the welfare effects are then considered. A fully developed model of the world copper market is usedto investigate alternative buffer stock intervention rules in order to assess the scope and limitations of such stabilization strategies.
International Commodity Policy
Author: Roland Herrmann
Publisher: Taylor & Francis
Published: 2023-04-01
Total Pages: 271
ISBN-13: 1000869954
DOWNLOAD EBOOK →Originally published in 1993, this book provides an excellent analysis of commodity policies internationally during the late 20th Century. It discusses 2 major methods of market regulation: price stabilization – based on buffer stocks or export quotas – and compensatory finance. The authors analyse whether major commodity policies have reached their primary objectives and to what extent they have had economic side effects. Discussion of more general policy issues centres around three international commodity agreements for coffee, rubber and cocoa. The authors also look at the policies adopted by individual nations to regulate commodity trading and assess to what extent they have reached their objectives. A discussion of the intervention of the International Monetary Fund and STABEX assesses the degree of stability they can provide in a highly volatile and variable environment. Nearly 30 years later, volatile world commodity markets are still a major issue in the policy dialogue. Although topics, policy instruments and concepts have changed, this book remains a fundamental contribution to the study of international commodity policy. It will be of great interest to students of commodity policy and economic development and economists in national and international organizations dealing with market stabilization.
International Commodity Market Arrangements
Author: Marian Radetzki
Publisher:
Published: 1970
Total Pages: 154
ISBN-13:
DOWNLOAD EBOOK →To emphasise the working and effects of the tools used in various commodity agreements, and discuss the implications of compensatory finance against factual description of the operation of recent commodity agreements.
Price Stabilization on World Agricultural Markets
Author: Bernd Lucke
Publisher: Springer Science & Business Media
Published: 2012-12-06
Total Pages: 280
ISBN-13: 3642467822
DOWNLOAD EBOOK →International commodity markets have traditionally attracted the attention of economists, econometricians, and policy makers especially in and following politically tumultuous times. For instance, the primary commodity price boom of 1973/74 and the subsequent period of highly volatile world market prices initiated increased research on commodity markets which quickly focused on possible price stabilization schemes, particularly on buffer stocks. Simultaneously, the issue clearly advanced in priority on the political agenda, such that the United Nations Conference on Trade and Development (UNCTAD) proposed an "Integrated Program for Commodities" (IPC) intended to stabilize the world market prices of ten so-called "core commodities"l (UNCTAD (1974, 1976a), Behrman (1979)). Many developing nations welcomed the IPC almost enthusiastically, but it did not receive more than lukewarm support by major industrialized countries, apparently due to the experience with some thirty international commodity agreements past World War II2. Critical evaluations have, among others, been presented by McNicol (1978), Gordon-Ashworth (1984), and Macbean & Nguyen (1987). The most detailed of these studies is Gordon-Ashworth's, who concludes that "on balance ... the performance of international commodity agreements has been too unreliable and their distributive effects too uneven to secure the development goals that have been set" (1984, p. 284)3. Consequently, the IPC turned out to be quite controversial a topic on the UNCTAD's 1976 meeting in Nairobi and has not been able to gain any impetus since. lThese were cocoa, coffee, copper, cotton, jute, rubber, sisal, sugar, tea, and tin.
Commodity Futures Trading and International Market Stabilization
International Commodity Markets and the Role of Cartels
Author: Mark S. LeClair
Publisher: Routledge
Published: 2016-07-08
Total Pages: 198
ISBN-13: 1315500884
DOWNLOAD EBOOK →The phenomenon of collusive international agreements (cartels) became widespread in the 1930s. At that time, attempts to control production and prices were mainly the prerogative of multinational firms operating in the developing (then colonized) world. The "modern era" of cartels began in the 1960s, when the governments of developing nations began to participate in commodity agreements to achieve increases and stability in the world price of their commodities. This book is principally concerned with the modern era of cartels. It goes beyond the singular example of petroleum and OPEC to examine the structure of international commodity markets for bauxite (aluminum ore), cocoa, coffee, rubber, sugar, and tin, and the conditions that led to the formation of cartels in those markets during the latter half of the twentieth century. Specifically, the work focuses on four major aspects of international commodity markets: patterns of production and consumption; economic dislocations to both importers and exporters due to price fluctuations; the formation of cartels as a solution to weak and variable commodity prices; and the likely effects arising from tightening raw material markets. The book concludes with a detailed examination of what the future holds for each of the cartels, and what role technology, 24-hour market trading, and decreasing foreign direct investment in producing countries will have on the management of commodity markets.
Stabilizing World Commodity Markets
The Theory of Commodity Price Stabilization
Author: David M. G. Newbery
Publisher: Oxford University Press, USA
Published: 1981
Total Pages: 486
ISBN-13:
DOWNLOAD EBOOK →Fundamentals: supply and demand under risk; Market equilibrium; Price stabilization with no supply response; Supply responses to stabilization; Microeconomic repercussions; Economic considerations.
