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Author: Alasdair Macbean Publisher: Routledge ISBN: 1136877665 Category : Business & Economics Languages : en Pages : 370
Book Description
When this work was first published in 1966, there was much interest in various types of commodity agreements and compensatory financing as methods of reducing the effects of export fluctuations on the economies of developing countries. The book concluded that short term fluctuations in export earnings, though perhaps important for some countries, did not appear to be the general problem that had been assumed. If correct, it would suggest that any measures should be carefully designed to fit the situations of countries that were affected and be subjected to cost-benefit analysis. This led to many published and unpublished studies on the issues: some supported, others contradicted the book’s conclusions. The data available now are vastly greater and probably more accurate than pre-1966. However, the work and the issues it raised remain important because most schemes proposed to reduce export instability would be costly and likely to divert resources from uses more obviously aimed at raising economic development in most developing countries.
Author: Alasdair Macbean Publisher: Routledge ISBN: 1136877665 Category : Business & Economics Languages : en Pages : 370
Book Description
When this work was first published in 1966, there was much interest in various types of commodity agreements and compensatory financing as methods of reducing the effects of export fluctuations on the economies of developing countries. The book concluded that short term fluctuations in export earnings, though perhaps important for some countries, did not appear to be the general problem that had been assumed. If correct, it would suggest that any measures should be carefully designed to fit the situations of countries that were affected and be subjected to cost-benefit analysis. This led to many published and unpublished studies on the issues: some supported, others contradicted the book’s conclusions. The data available now are vastly greater and probably more accurate than pre-1966. However, the work and the issues it raised remain important because most schemes proposed to reduce export instability would be costly and likely to divert resources from uses more obviously aimed at raising economic development in most developing countries.
Author: Mr.Atish R. Ghosh Publisher: International Monetary Fund ISBN: 145192772X Category : Business & Economics Languages : en Pages : 30
Book Description
Uncertainty about the export earnings accruing to a country (sometimes referred to as export instability) is an important source of macroeconomic uncertainty in many developing countries. Theory predicts that countries should react to increases in this form of uncertainty by increasing their level of savings. The resulting asset accumulations would then act as the country’s insurance against the greater riskiness in its income stream. The paper tests this implication for a large sample of developing countries. In general, the results suggest that developing countries have indeed responded to increases in export instability by building up precautionary savings balances.
Author: Alasdair Macbean
Author: Alasdair Macbean
Author: Alasdair I. Macbean (author)
Author: Alasdair I. MacBean
Author: Odin Knudsen
Author: Alasdair Iain MACBEAN
Author: Sidney Bedford Page
Author: 
Author: Mr.Atish R. Ghosh
Author: I.. Alasdair
Author: Constantine Gl;ezakos