Managing commodity booms--and busts (Book, 1995) [WorldCat.org]
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Managing commodity booms--and busts

Author: Panayotis N Varangis; T Akiyama; Donald O Mitchell
Publisher: Washington, D.C. : World Bank, ©1995.
Series: Directions in development (Washington, D.C.)
Edition/Format:   Print book : International government publication : EnglishView all editions and formats
Summary:
Why booms happen -- Why this boom won't continue -- Managing booms and busts -- Learning from experience -- Who manages the boom? -- How to manage booms.
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Additional Physical Format: Online version:
Varangis, Panayotis N.
Managing commodity booms--and busts.
Washington, D.C. : World Bank, ©1995
(OCoLC)646890625
Material Type: Government publication, International government publication
Document Type: Book
All Authors / Contributors: Panayotis N Varangis; T Akiyama; Donald O Mitchell
ISBN: 0821334891 9780821334898
OCLC Number: 33334662
Description: x, 22 pages : illustrations ; 23 cm.
Series Title: Directions in development (Washington, D.C.)
Responsibility: Panos Varangis, Takamasa Akiyama, and Donald Mitchell.

Abstract:

Why booms happen -- Why this boom won't continue -- Managing booms and busts -- Learning from experience -- Who manages the boom? -- How to manage booms.

In developing countries dependent on a few commodities for their exports, booming commodity markets can be beneficial or detrimental depending how they manage the windfalls. Two key problems need to be addressed: the fluctuations in income, and transitory bonanzas in foreign exchange earnings. This second effect, in particular, is likely to cause the exchange rate to appreciate above its long-term sustainable level. - Foreword.

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