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  • English  (22)
Type of Material
Consortium
Language
  • 1
    Book
    Book
    [Rio de Janeiro]
    Pages: 37, 3 S. , 4°
    Series Statement: Texto para discussão Nr 137
    Language: English
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  • 2
    Article
    Article
    Common title
    Pages: Graph. Darst
    ISSN: 0147-5967
    In: Journal of comparative economics, Amsterdam : Elsevier, 1977, 13 (1989),2, S. 227-253, 0147-5967
    Language: English
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  • 3
    Article
    Article
    Common title
    ISSN: 0165-1765
    In: Economics letters, Amsterdam [u.a.] : Elsevier, 1978, 23,4 (1987), S. 311-315, 0165-1765
    Language: English
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  • 4
    Article
    Article
    Common title
    Pages: Graph. Darst
    ISBN: 082132148X
    In: Transition from socialism in Eastern Europe, Washington, DC, 1992, S. 133-157, 082132148X
    Language: English
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  • 5
    Book
    Book
    Washington, DC : World Bank, Policy, Research, and External Affairs Complex
    Pages: 42 S
    Series Statement: Policy, research, and external affairs working papers 695
    Language: English
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  • 6
    Book
    Book
    Washington, DC
    Pages: 42 S.
    Series Statement: Policy, research, and external affairs working papers 695
    Language: English
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  • 7
    Book
    Book
    [Rio de Janeiro]
    Pages: 36, 3 S. , 4°
    Series Statement: Texto para discussão Nr 145
    Language: English
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  • 8
    Book
    Book
    Washington, DC : World Bank
    Pages: 59 S , graph. Darst
    Series Statement: Policy research working papers 919
    Note: Literaturverz. S. 58 - 59
    Language: English
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  • 9
    Book
    Book
    Rio de Janeiro : IMPA
    Pages: 39 S
    Series Statement: Informes de matemática 54
    Language: English
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  • 10
    Online Resource
    Online Resource
    Washington, D.C : The World Bank | [Washington] : [The World Bank]
    Pages: Online-Ressource (37 p)
    Description / Table of Contents: Natural resources are being discovered in more countries, both rich and poor. Many of the new and aspiring resource exporters are low-income countries that are still receiving substantial levels of foreign aid. Resource discoveries open up enormous opportunities, but also expose producing countries to huge trade and fiscal shocks from volatile commodity markets if their exports are highly concentrated. A large literature on the "resource curse" shows that these are damaging unless countries manage to cushion the effects through countercyclical policy. It also shows that the countries least likely to do so successfully are those with weaker institutions, and these are most likely to remain as clients of the aid system. This paper considers the question of how donors should respond to their clients' potential windfalls. It discusses several ways in which the focus and nature of foreign aid programs will need to change, including the level of financial assistance. The paper develops some ideas on how a donor like the International Development Association might structure its program of financial transfers to mitigate volatility. The paper outlines ways in which the International Development Association could use hedging instruments to vary disbursements while still working within a framework of country allocations that are not contingent on oil prices. Simulations suggest that the International Development Association could be structured to provide a larger degree of insurance if it is calibrated to hedge against large declines in resource prices. These suggestions are intended to complement other mechanisms, including self-insurance using Sovereign Wealth Funds (where possible) and the facilities of the International Monetary Fund...
    Language: English
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