Using Markets to Deal with Commodity Price Volatility : What Can Governments and Donors Do to Develop Markets that Ameliorate Commodity Price Volatility?

Varangis, PanosLarson, Donald2012-08-132012-08-131999-01https://hdl.handle.net/10986/11502Commodities are often at the heart of local and sometimes national economies. Commodity prices are notoriously volatile, creating instability and uncertainty for commodity-dependent developing countries. Commodity price instability undermines economic growth and skews the distribution of income. As a result, nearly every government has tried to manage commodity price risks. This Note discusses different sets of commodity pricing policies and the barriers to their risk management.CC BY 3.0 IGOASSET MANAGEMENTAUDITINGBANK RESERVESBANKING SERVICESBASIS RISKBROKERSCENTRAL BANKSCOMMISSIONSCOMMODITIESCONSUMERSCREDIT RATINGSDEBTDERIVATIVESDISTRIBUTION OF INCOMEECONOMIC GROWTHECONOMICSEXCHANGE RATEFINANCIAL INSTITUTIONSFINANCIAL INSTRUMENTSFINANCIAL REFORMFISCAL CONDITIONSFOREIGN EXCHANGEFUELSFUTURESGOVERNMENT INTERVENTIONIMPORTSINCOMEINDEMNITYINSURANCEINSURANCE MARKETSINVENTORIESLAWSMARKET INSTRUMENTSMARKET LIBERALIZATIONMARKET PRICESMETALSPERVERSE INCENTIVESPRICE CHANGESPRICE RISKPRIVATE SECTORPRIVATIZATIONPRODUCERSPROGRAMSRESERVESRISK MANAGEMENTSAFETY NETSSECURITIESSOVEREIGN RISKSTOCKSTECHNICAL ASSISTANCE COMMODITY PRICE FLUCTUATIONSCOMMODITY PRICESCOMMODITY PRICING POLICYCOMMODITY STABILIZATIONMARKET-BASED INSTRUMENTSRISK MANAGEMENTTECHNICAL KNOWLEDGESTATE INTERVENTIONUsing Markets to Deal with Commodity Price Volatility : What Can Governments and Donors Do to Develop Markets that Ameliorate Commodity Price Volatility?Utilizacion de los mercados para hacer frente a la inestabilidad de los precios de los productos basicosWorld Bank10.1596/11502