PART IV Exchange Rates and Financial Stability

Jeffrey A. Frankel

Author:

Mr. Jeffrey A. Frankel

Mr. Jeffrey A. Frankel https://isni.org/isni/0000000404811396 International Monetary Fund

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Language:: English

Print Publication Date:: 19 Jan 2012

Keywords:: BOOK; country; commodity; government; natural resource; resource abundance; petroleum fund; resource rent; resource windfall; Natural resources; Commodity prices; Oil; Sub-Saharan Africa; Global; Africa; Middle East; Europe

Abstract

Countries dependent on exports of oil, minerals, and other primary commodities tend to have pronounced economic cycles. Although this cyclical variability is to some extent inevitable, some of its impact can be reduced through well-chosen regimes for monetary and fiscal policy.

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